Corporate Actions Associate

New York, NY

Posted: 10/06/2020 Industry: FIN Consulting Job Number: 13917490

Job Description

International bank seeks a experienced Corp actions / Asset Serving operations professional to join our growing US Broker Dealer
Must have most of the job responsabilities below
Domestic Equities
o Dividends
Dividend entitlement on DVP fails
Counterparty claim processing
Cash/Stock options
Currency and foreign tax rate elections
Daily reconciliation of distribution and adjustments
Daily projection of distributions and adjustments
Reconciling ADR fees, foreign tax, currency adjustments, and NRA tax
Tracking and adjusting CNS payments
o Mandatories
Processing non-electable mandatories
Adjusting DVP settlement
Working with Sec Lending Ops and counterparties to adjust
Processing cash in lieu and/or buy/sell excess shares
Tracking and adjusting from CNS day and night reports
Including settlement date step outs and assignments
Updating and approving mandatory actions in Xprisa
Processing SLRM adjustments
Tracking due bill periods from record date to payment
Allocating settlement with counterparties
o Voluntary
Scrubbing voluntary corporate action (including mandatory with elections) data for pertinent information to clients
Including following deadline updates
default and option setup
Working with equity finance counterparties to retrieve and pass along elections within stated deadlines
Taking instructions from clients
Processing elections, rights subscriptions with underlying breakdown, conversions, warrant subscriptions, cover protects, liability notices
o Proxy Solicitation
working with our vendor to obtain and provide control numbers
record date reconciliation
International Equities
o Process and send Dividend claims based upon ex date entitlement
o Work with counterparty for electable events
tracking dividend cusip for electable events between record and payable date
o tracking and processing elections with counterparties for mandatory and voluntary events
tracking through multiple depositories
Fixed Income
o Interest
Processing coupons and maturities on treasuries
Adjusting for REPO, FICC, GSCC, direct clients
o Processing Lottery
o P&I
Reconciling between MBS payments and REPO adjustments
Updating income rates
Processing early paydowns
o Processing maturities and settling with repo counterparties
o Processing Tender Offers
o Stock Record reconciliation between depositories and fully paid positions
o Responding to client inquiries and providing detailed information on upcoming or processed information
o Strong data analytical skills for detailed reconciliation using Excel and/or Microsoft Access
o Communicate technical specifications to developers for necessary changes
o Communicating with ops control and escalating to management potential and actual issues.

Knowledge of FIS PHASE 3 is a big plus.

Meet Your Recruiter

Richard Franco

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