Operations Function Analyst

Euroclear Group

Euroclear is the worlds leading provider of domestic and cross border settlement and related services for bond equity fund and derivative transactions. It has its headquarter in Brussels Belgium and provides securities services to financial institutions in more than 90 countries.

ESES is the largest CSD connected to T2S offering Central Bank money in Europe representing around 30% of the Euroclear Group assets under custody. ESES is moving from an historical domestic focus to a pan-European positioning resulting in the need to acquire new capabilities notably to serve international clients and to further grow on the admission of international securities.

Division

The New Issues area has become a more complex and risky business which requires a very good analytical approach understanding of the market and attention to details client skills and rigour to ensure quality and timeliness of services. The business environment is becoming more and more dynamic due to recent changes which have affected the CSD such as T2S CSDR and more. This demands a stronger focus on the pro-active approach of initiatives and the participation to these changes and projects.

The Role:

The principal activities will be :

• Analysis of admission files in domestic and foreign instruments and assistance providing to centralising parties
• Respect CSDR guidelines in terms of Securities issuances (LEI/GL)
• Respect rules of admission (country sheets others) in order to determine if the security will be eligible within ESES
• Account management on the issuance of admitted instruments being subject to settlement activity
• Participate to the reporting on the activity in terms of workload risks respect of procedures
• Operational assistance for issuers and their Dutch or foreign agents for the admission of securities and their issuance account
• Follow-up on reconciliation with external custodians
• Assist on building a complete and correct Securities reference database
• Codification of instruments entering in the NNA tool
• Write put in place and apply standard operating procedures (SOP) aiming to constantly guarantee the high quality of all characteristics in our database
• Look for process optimisation and take part in initiatives leading to improvement of processes
• Write operational documentation in English for internal and external parties
• Detect and assess the need for procedures or improvements and ensure these are adapted to the business needs
• Analysis of control reports
• Able to manage and resolve risky situations outside standard processes like escalations or more complex investigations
• Monitoring of NUSBO certification (temporary global certificates).
• Build a network with New Issues Euroclear France/Euroclear Bank in order to streamline acceptance on foreign non T2S securities

Your Profile :

• Typically requires a wide breadth of operations experience in New Issues services gained over several years
• Able to manage and resolve risky situations outside standard processes like escalations or more complex investigations
• Client focus minded
• Creativity and out of the box thinking
• Team player
• Excellent communication skills
• Stress resistant
• Contribute to the creation of a continuous improvement environment by scheduling Problem Solving Sessions reviewing new processes update standard operating procedures
• Be capable to coordinate actions between different stake holders
• Participate actively in projects/initiatives present results for validation to your superior
• A bachelor degree (or equivalent by experience) preferably in the area of economy and/or accountancy
• Personal competencies : strong organisation skills diplomatic able to adapt work autonomously
• Flexibility to other cultures and make own culture understood by others
• Operational risk awareness
• Excellent written and oral communication skills in English and/or Dutch

We offer

• Be part of a new team facing many challenges in the New Issues area
• A challenging job allowing you to develop a 360 knowledge in the New Issues business within the ESES CSDs
• Ability to learn all aspects of the CSD business through training/development path.