Banking Specialist - Cost & Fees

Founded and headquartered in Switzerland, Avaloq is continuously expanding its global footprint with around 2,500 colleagues in 12 countries, and more than 160 clients in 35 countries. We are an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neo banks. Our research led approach and continual innovation is powered by the passion and creativity of our colleagues.

We are always looking for talented people to join us on our mission to orchestrate the financial ecosystem and democratize access to wealth management. Avaloq offers the opportunity to work closely with some of the world’s leading financial institutions as we jointly develop and shape careers. Championing a collaborative, supportive and flexible work environment empowers our colleagues to reach their full potential.

The Cost & Fees team supports a Wealth Management Business with the potential to grow. The team is in charge of delivering bespoke services to our Banking Operations clients. The area of operation includes, but is not limited to, Banks, Brokers, and Custodian fees management.

Your key tasks

• Manage a series of activities in line with the SLAs defined with clients and in line with market standard processes
• Follow and update the Key Operating Procedure (KOP) to ensure satisfactory performance for BAU
• Report to the Manager of the Cost & Fees Team

Areas of activity are

• Client fees
• Reconciliation
• Incoming retrocession (trailer fees)
• Outgoing retrocession
• Custodian and transactions fees - Debit, Credit interests
• Structuring fees
• Payback inducement

• Tertiary education (Diploma / Degree in Banking and Finance / Accountancy preferred but not necessary)
• Basic knowledge of investment products, including Mutual Funds and Trailer Fees rebates
• Good analytical and problem-solving skills
• Ability to perform well under pressure and meet tight deadlines
• Fast learner with a proactive attitude
• Collaborative and supportive team player
• Capable of working independently and taking initiative
• Skilled at prioritizing tasks and escalating issues when appropriate
• Professional and confident in interactions with demanding clients
• Willing to go the extra mile to deliver high-quality results

It would be a real bonus if you have

• Prior knowledge of Avaloq is a strong advantage
• Experience with Microsoft Excel VBA and Access Macros
• Good understanding of the wealth management business

We realize that managing work life balance is a challenge we all face in our daily lives and in order to support with this we are pleased to offer hybrid and flexible working for most of our Avaloqers to maintain work life balance and still continue our fantastic Avaloq culture in our global offices. 

In Avaloq we are proud to embrace diversity and understand the success of our business is built on the power of different opinions, we are whole heartedly committed to fostering an equal opportunity environment and inclusive culture where you can be your true authentic self. 

We hire, compensate and promote regardless of origin, age, gender identity, sexual orientation or any other fantastic traits that make us all unique, we have done our best to write this advert in an inclusive and neutral way. 

Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies, and any unsolicited candidate submissions will be exempt from any payment expectations.  

#LI-Hybrid