Officer Operations (Cash Management)
Shell Asset Management Company BV (SAMCo) is the in-house asset manager of the Shell Plc group and provides high quality and cost-effective investment advice and asset management services to its clients. SAMCo is supervised by the Authority for the Financial Markets and the Dutch Central Bank. The total AuM is around USD 100 billion. SAMCo invests in Bonds, Equities, (Cleared) OTC & ETD Derivatives, and Alternative Investments like Private Equity, Real Estate and Hedge Funds globally. Continuous change in financial markets and regulations as well as the diversity of SAMCo’s clients and the products they invest in, makes it a professionally challenging environment to work in.
SAMCo Operations, in total 18 persons, consists of two teams each headed by a supervisor. The two teams are the Settlements team and the Corporate Actions, Static Data and Reconciliation team. The Head Operations is overall responsible. Adequate and secure communication (internal and external) between the teams and other departments within SAMCo is crucial for an optimal day-to-day process.
The Settlements team is responsible for all transactions & settlement related activities regarding Equities, Bonds, Repo, Swaps, Futures, FX and Collateral Management. The activities for FX, Equities and Bonds are highly automated and needs therefore mainly monitoring and exception processing. Automation and straight through processing for the other asset classes is- and will be further implemented as well. All these activities have daily deadlines and need to be executed within the time limits effectively and accurately. Currently we are looking for an Officer Settlements whereby the focus will be on Cash Management activities.
What’s the role?
Your prime responsibility will be to ensure that Foreign Exchange / Money Market transactions executed by the SAMCo Front Office and Trading Desk are matched and instructed in time to the custodian. Adequate follow up on issues is crucial to avoid unintended losses or exposure. Frequent and adequate communication with the relevant parties internal and external are crucial.
Ensure timely matching and instructing or Foreign Exchange / Money Market deals and follow up on missing funds of FX / MM
Execution of Free Payments instructions (Alternative Investments, Collateral, invoices, etc)
Perform active cash balance management for various clients.
Monitoring of the various interfaces between systems and provide adequate follow up
Actively participate in (cross) departmental projects
Actively pursue process improvements
A keen eye for detail and excellent time management and communication skills coupled with the ability to work under pressure are essential.
The ability to proactively handle adhoc issues / exceptions as they arise, understand the potential financial impact to clients and follow issues through to resolution quickly.
The ability to negotiate and resolve issues. Both internally as well as externally
What we need from you
You’ll ideally have:
Multiple years’ experience in the Asset Management industry, preferably Operations
Minimum HBO level of education
Strong communication and interpersonal
Good written and spoken English and the ability to communicate clearly and professionally
The ability to maintain a strong controls framework, high levels of operational excellence and straight through processing.
IT literate with at least intermediate/advanced excel spreadsheet skills.
Knowledge of Global Custody
Experience with Simcorp Dimension is advantageous