2022 Summer - New Issues Settlement & Compliance Intern

Clearstream is an important player in the securities services industry with consistently high credit ratings.

As an international central securities depository (ICSD) based in Luxembourg, we provide post-trade infrastructure and securities services for the international market and 59 domestic markets worldwide, with customers in 110 countries.

As a central securities depository (CSD) based in Frankfurt, we also provide the post-trade infrastructure for the German securities industry offering access to a growing number of international markets.

Your Area of Work

• Settlement is responsible for settlement of transactions in APAC domestic securities as well as International securities settling via Creation platform. Your main tasks will be assisting and follow up customer instructions until final settlement.
• New Issues is responsible for the issuance and distribution of new issues on the primary market. In this context, the New Issues Administrator will have to assist on any new issues terms & conditions and allocate new issues security codes in the Clearstream system.

Your Responsibilities

• Monitoring and follow up of internal and domestic settlement transactions to ensure timely execution of security instructions
• Eligibility review of international and domestic issues based on Terms & Conditions / Prospectus / Agency Agreements etc
• Code allocation of international and domestic issues
• Handling of customer and internal queries related to New Issues and Settlement
• Other administrative tasks assigned by the team lead / HoU

Your Profile

• Fresh to 1-2 years of relevant experience
• University degree / Diploma in Business, Finance, Economics or relevant experience
• Keen to explore the banking environment and eager to learn about the New Issuance and Settlement Business in the International and Domestic market and core operations process
• Proficient, analytical and self-confident with good interpersonal and organisational skills
• Banking Operations and Custody knowledge will be a plus, but not necessary
• Proficiency in written and spoken English
• Dedication, team and communication skills
• Competent handling of MS Office applications

Internship Period: Summer May 2022 to Aug 2022