Supervisor Daily Corporate Action and Income Processing Activities
White Plains, NY
Client is seeking New York based Supervisor to join their US Clearance, Settlements, and Custody Operations Group. The role consists of supervision of daily corporate action and income processing activities for buy-side clients whose assets are primarily held in custody at DTCC, Banking as global custodian, and Client (BoNY) as custodian for Treasury securities. Also, collection and payment of corporate action and income entitlements for sell-side client transactions settled through DTCC, Banking and BoNY. Daily functions are performed through an outsource solution with supervision and oversight control performed by SCB staff. Supervisory requirements include, but are not limited to, monitoring the life cycle of voluntary corporate actions including mitigation of risk and liability. Monitoring mandatory corporate actions and dividend/interest processing, ensuring timely and accurate distribution and collection of entitlements. The role will also include creation and compiling of oversight documentation, and sample testing of audit controls under SOX, Client and SEA Compliance Rule 17a-5.
" Candidate will have a bachelor's degree. Candidate must have a minimum of 3-5 years' experience supervising voluntary and mandatory corporate actions for US and non-US assets, candidate must have experience processing dividend/interest income entitlements. Additionally, candidate must have knowledge of oversight and supervisory requirements under SOX, Client, and SEA Compliance rule 17a-5.
" Skills: Medium skill level ability in Microsoft EXCEL and WORD
" Knowledge of Client Re-Org and Dividend processing applications preferred, but not necessary.