Middle Office Cash & Settlement Specialist

Luxembourg, LU, L-2449

Purpose of the Job

Quintet Private Bank is a leading private bank; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of our clients’ needs and aspirations.
We are a bank headquartered in Luxembourg, with branches in Belgium, Denmark, Germany, Netherlands and a subsidiary in the UK with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth.

When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness.

We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.

The Middle Office Cash and Settlement Specialist plays a critical role in supporting institutional clients by acting as a central operational and regulatory interface between the Front Office, Back Offices, custodians, prime brokers, and other third‑party counterparties. The role is responsible for ensuring the accurate execution, reconciliation, and monitoring of transactions across multiple asset classes, with a strong focus on cash management, securities settlement, and custody operations.

Strong expertise in financial instruments, market infrastructures, and regulatory frameworks is required to maintain high service standards, support operational excellence, and ensure compliance while meeting the expectations of internal stakeholders and clients.

Key Accountabilities

Act as the primary operational link between Front Office, Back Offices, and external stakeholders (custodians, prime brokers, clearing brokers) ensuring timely resolution of escalated issues and responding to inquiries within the agreed service levels
Support Front Office in trade processing, lifecycle management, and issue resolution.
Ensure accurate and timely processing of securities, cash, and FX transactions
Ensure correct booking of trades and positions in accordance with contractual and regulatory requirements
Perform daily margin monitoring and escalate discrepancies to relevant skateholders.
Identifies, analyzes, and resolves securities and cash breaks assigned to the team, Performs monthly controls and reconciliations of nostro accounts in exotic currencies, ensuring alignment between sub-custodian reports and internal system records, derivatives positions and custodial assets held with prime Broker.
Actively participates in continuous process improvement by analyzing business objectives and defining both current (AS IS) and target (TO BE) workflows
Solid understanding of banking and financial operations, along with strong knowledge of regulatory frameworks applicable to Luxembourg and European financial institutions
Prepares quarterly reports for the depositary bank, providing an overview of the status and timeliness of settlements, support regulatory audits by providing accurate operational data and documentation, produce KPIs for management.
Participate in projects related to regulatory implementation, new products, or onboarding of institutional clients.

Knowledge and Experience

Higher Education (University / Bachelor)
Between 3 and 5 years experience in a similar role

Attributes and Qualities

Collaborative Teamwork
Adaptability & Learning Agility
Communication (Verbal & Written)
Client-Centric Mindset
Critical Thinking & Problem Solving

Technical Skills

Good command of MS-Office package
Strong understanding of financial markets and instruments (Equities, bonds, Funds, ETFs etc), deep understanding of settlement market ruleSCollaborative and supportive team player
Analytical mindset with attention to detail
Excellent communication and problem-solving skills, Preparation of regulatory and internal reports.
Expertise in nostro/vostro account reconciliation, Monitoring and Resolving cash and Securities breaks