• Permanent, Full time
  • Schroders Investment Management
  • 2018-09-20
  • Luxembourg
  • Competitive
  • Full time

Specialist - Cash Operations

Specialist - Cash Operations

Cash Operations processes cash transfers between the Transfer Agency, Shareholders, Agents and the Custodian Bank. It processes an average of 370,000 payments annually and applies over 390,000 receipts per annum.

To enable multi-currency settlement, Cash Operations also performs Foreign Exchange operations on behalf of the Shareholders and of multi currency share-classes' activity.

The team is part of Public Asset Product Operations department which reviews the Net Asset Values of Schroders' funds.

Main Duties:

The candidate is responsible for the following Cash Management tasks:

- Processing, controlling and authorising different Cash Payment types (Redemptions, Appropriations, Commissions, Dividends...) in accordance with the international banking cut-off times
- Supporting the cash matching function. This implies that the employee will identify and apply all cash credited in Schroders' Fund Collection accounts and allocate all amounts received in order to complete the transactions (i.e. subscriptions, foreign exchange settlement...)
- Supporting the Foreign Exchange operations and calculation/approval of exposures to be submitted for trading and perform the controls and oversight on the currency hedging and Collateral Management.
- Resolving queries from Clients, Correspondent Banks and other Schroders' departments and offices
- Ensuring a pro active chasing for large amounts, in order to optimize all expected amounts to be settled on correct value date
- Maintaining the key departmental statistics
- Supporting the Clearstream Cash Management process

Job Requirements

Education & Training/Qualifications:

- At least BAC/+2 level (or equivalent);
- One to two years experience in Cash Management or Transfer Agency functions within the Investment Fund Industry;
- Good knowledge of English. Another European language would be an asset (Italian, French or German).

Skills/Core Competencies:

- Sense of prioritisation
- Good communication skills;
- Excellent team player. The team promotes and requires task sharing;
- Ability to work towards daily deadlines;
- Numerate;
- Awareness of foreign exchange markets;
- Knowledge of SWIFT is an advantage.

Technical Requirements:

Good command of Excel and Word. Knowledge of Excel macros is an advantage.

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