Founded in 1856, Banque Internationale à Luxembourg (BIL) is the oldest multi-business bank in the Grand Duchy. It has always played an active role in the main stages of development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on financial markets. Employing more than 2,000 people, BIL is present in the financial centres of Luxembourg, Switzerland, Denmark, and China.
Handle Derivatives (listed and OTC), structured products, Forex and Money market back-office activities.
Work in direct contact with our Front-office and ensure trade control and validation.
Participate actively in major projects
Act as polyvalent operations officer
Main tasks and activities:
Control of the accuracy of derivatives trades, and validation in the accounting core system
Control of FX transactions, manually or through CLS
Validation of Money Market deals in collaboration with Treasury desk
Control and validation of cash collateral in direct contact with risk management
Management of the payments and cash-flows linked to derivatives positions (upfront, coupon, option premium, repo pair-off)
Security settlement of BIL’s own structured products through Clearstream Creation Online
Analysis, accounting and follow-up of complex structured products (including structured triparty repo, and structured warrants)
Ensure timely reception and validation of OTC trade confirmations (swap and options)
Cash reconciliation: investigation of pending claims between the bank and the different counterparties or clients
Participation to business projects; assist in analyses, requirements gathering and testing
Must Have Requirements
Fluency in French and English
University degree in finance or management or minimum and/or 3 years-experience in Banking area
Good understanding of derivative products and Forex market is a must
Knowledge of Excel and data providers (Bloomberg, Reuters and/or Telekurs)
Stress resilient and ability to work autonomously
Analytical skills and detail-focused
Former back-office experience (in cash or securities) would be an asset