Settlement Intern

Description du poste:

The unit is responsible for managing confirmation and settlement activities for market operations executed by the Investment function, ensuring alignment with counterparty and broker confirmations and issuing settlement instructions-primarily via SWIFT-to custodian banks. It oversees the timely and accurate settlement of transactions, investigating and resolving any discrepancies. The team transmits executed, confirmed, and reconciled transactions to the external provider in charge of calculating the Net Asset Value (NAV) and handles the submission of subscription and redemption orders for funds, either through the custodian banks' Funds Dealing Service or directly to Transfer Agents, including the opening of related accounts. Additionally, it provides all relevant stakeholders-such as the NAV calculator, administrative services, and clients-with comprehensive lists of executed transactions.

The intern will support the team in the matching and settlement of security transactions (bonds, equities, bond/equity forwards, security collateral, securities lending, fixed-term deposits). Under the guidance of senior team members, the intern will:
* Assist in ensuring timely broker confirmations of executed trades
* Support the management of unconfirmed trades, collaborating with brokers and Front Office for prompt issue resolution
* Help prepare and send settlement instructions to custodian banks through SWIFT, fax, or home-banking platforms
* Monitor trade status, involving relevant parties (custodian banks, brokers, Front Office) when needed and learning to identify the causes of discrepancies
* Support the processing of fund subscriptions/redemptions, using the Funds Dealing Service or contacting Transfer Agents, and assist in opening related accounts
* Provide internal stakeholders (NAV calculation, administrative services, clients, etc.) with updated lists of executed transactions

Profil requis du candidat:

* Master's Degree in either Finance or Economics (and equivalent)
* Fluency in English and Italian. Knowledge of a second foreign language (French and/or German) will be considered a plus
* Upper intermediate MS Office User, conspicuous skills in IT field
* Knowledge of asset & wealth management industry is a plus