Apply now: Trainee in Securities Transaction Processing Job in Luxembourg

Volksbanken Raiffeisenbanken Cooperative Private Bank is a leading institution specializing in private banking, fund services, and multi-currency loans. Operating as part of the cooperative financial group, the bank leverages close collaboration with its partners and maintains a robust presence in international financial hubs, including Luxembourg, Germany, and Switzerland.

Company Overview

With assets under management totaling approximately 23 billion euros, Volksbanken Raiffeisenbanken stands as one of Germany’s prominent asset managers. The bank’s market position is further reinforced by its custody services, which amount to around 180 billion euros. These services underscore its role as a leading depositary and fund administrator for third-party fund clients in German-speaking regions. Volksbanken Raiffeisenbanken is dedicated to combining exceptional performance with core cooperative values such as partnership, stability, and security. This commitment ensures a trustworthy and reliable relationship with all its clients.

In line with its commitment to excellence and growth, Volksbanken Raiffeisenbanken is seeking a Trainee for Securities Order Processing (m/f/d) to join its Operations/Services team at the Luxembourg location, starting on November 1st, 2024. This position requires a detail-oriented individual capable of handling complex tasks in a dynamic and collaborative environment. The successful candidate will demonstrate strong analytical skills, effective communication abilities, and a proactive approach to problem-solving.

Trainee Program Details

Duration: 12 to 18 months

Areas of Exposure:

The trainee will engage in various tasks within the Operations/Services department, gaining comprehensive exposure to the bank’s operational processes.
The program includes rotational assignments across different functions, providing a holistic understanding of the bank’s operations.

Training and Development:

Trainees will receive intensive, individualized training from experienced employees, ensuring thorough preparation for future responsibilities.
The program also offers insights into the interfaces between Operations/Services and other business areas, fostering a broad understanding of the bank’s overall operations.

Qualifications and Skills

Educational Background: Possess a degree in Economics or are on the verge of completing one.
Relevant Experience: Ideally, have initial experience in the banking or securities sector.
Professional Attributes: Demonstrate confidence, flexibility, teamwork, high resilience, and a methodical, targeted approach to work.
Analytical Skills: Exhibit a quick grasp of concepts, the ability to identify priorities, and implement solutions independently.
Communication and Organizational Skills: Strong communication abilities coupled with excellent organizational skills. Maintain an independent and reliable work ethic.
Technical Proficiency: Proficient in handling MS Office applications.
Language Skills: Possess excellent spoken and written German and English language skills.

Responsibilities

The primary focus of this role is to work within the Back Office Securities Order Processing Group, managing and coordinating cross-segment tasks. Other responsibilities include:

International Securities Transactions: Oversee and process international securities transactions across private banking, fund services, and treasury using an advanced reconciliation system. This responsibility spans our locations in Luxembourg, Germany, and Switzerland.
Liaison Role: Serve as the primary contact for internal departments and external entities, including custodial positions and counterparties. Ensure effective communication and coordination to facilitate seamless operations.
Project Support: Provide support to team members and lead initiatives within an agile environment. Contribute to the successful implementation of both ongoing and new projects.
Problem Analysis and Resolution: Conduct thorough analysis of issues to identify root causes. Develop and implement clear, logical, and practical solutions to enhance operational efficiency.

Benefits and Opportunities

Challenging and Exciting Role: Engage in a highly responsible and stimulating job within a professional environment that both challenges and supports your growth.
Stable and Sustainable Career: Secure a long-term career perspective within the stable environment of the DZ BANK Group, one of Europe’s most successful banking groups.
Collaborative Atmosphere: Work in an excellent, customer-focused, and performance-driven atmosphere alongside professional and competent colleagues.
Development Prospects: Benefit from outstanding development opportunities in a dynamic, growth-oriented company, particularly through involvement in innovative digitization projects.
Modern Work Environment: Enjoy a contemporary working environment with flexible and mobile work options.

How to Apply:
Interested candidates are encouraged to submit their applications through the bank’s online portal. The selection process includes several stages, such as initial application review, aptitude tests, and interviews with senior management.