Associate, Corporate Actions I

The Bank of New York Mellon • Pittsburgh, PA

62d • Hybrid

About The Position

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We're seeking a future team member for the role of Associate to join our Corporate Actions team. This role is located in Pittsburgh, PA and is a hybrid position offering work flexibility ( 4 days in office, 1 remote per week). In this role, you'll make an impact in the following ways:

Requirements

• Bachelor's degree in a related discipline or the equivalent combination of education and experience.
• 0-3 years of total work experience preferred.
• Experience in financial services or corporate actions preferred.
• Applicable local/regional licenses or certifications as required by the business.
• No direct reports; may have people management responsibilities in some geographies.

Responsibilities

• Responsible for mandatory and voluntary corporate actions custody functions for all organizational accounts.
• Process basic mandatory and voluntary corporate action events, including daily interpretation, monitoring, scrubbing, and notification of corporate action events.
• Process liability notices, allocate dividend interest payments, and process class action suits.
• Reconcile, monitor, and post entitlements to client accounts; perform daily and monthly outlier review, research, and documentation.
• Perform daily reconciliations for cash, security, and suspense transactions while adhering to established quality control measures and procedures.
• Research and respond to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub-custodians, and/or custodians.
• Work on multiple systems to perform corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and posting online cash and security transactions.
• Contribute to the achievement of team goals and objectives.

Benefits

• BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy.
• We provide access to flexible global resources and tools for your life's journey.
• Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Number of Employees: 5,001-10,000 employees