Associate, Corporate Actions

BMO•Jersey City, NJ

4d•$63,300 - $117,200•Hybrid

About The Position

The Associate, Corporate Actions, requires an Independent, self-motivated individual that will provide daily Corporate Actions support of Firm Trading and Equity Finance accounts. Daily responsibilities will include the full life cycle processing of all North American corporate action events across the multiple entities for Capital Markets. BMO is a long-established Tier 1 broker dealer, with a history of being in the forefront of Equity Finance and Proprietary Trading and is looking for a motivated team member to be part of a dynamic department. The NAM Corporate Actions team will service the trades/positions on Six BMO business entities.

Requirements

5+ years’ experience in asset servicing, with a Minimum of 3 years’ experience in a voluntary corporate actions’ role. Within a Top/Mid-tier broker dealer or Bank.
Undergraduate degree with a solid mathematics component, or an equivalent depth of knowledge via experience/training.
Strong working knowledge of Canadian BPS, CDS, DTC and Microsoft office applications such as Excel.
Strong Understanding of voluntary election arbitrage.
Solid understanding of business unit’s risk and regulatory requirements.

Nice To Haves

Experience servicing cash Prime Brokerage clients is preferable.
Strong AI proficiency with a demonstrated eagerness to learn and apply innovative solutions to enhance and optimize processes.
A collaborative approach to working with teams in other geographical locations, for the running of BAU work as well as ongoing project work.
The ability to spot gaps, therefore risk, in the process, with the corresponding ability to provide workable solutions.
Team player – We are a stable group with a high retention rate of engaged employees. This is to be fostered by following the group ethos of being candid, respecting others and showing diligence in all that we do.
Project Management experience seeing implementations and integration of key systems.
System knowledge: BPS/ADP, Global One, Vendor Data sourced systems, IMatch, Global Frame Work, DTC, CDS/Okta and BNP Neolink, Co-Pilot-an asset.

Responsibilities

Provide daily Corporate Actions support of Firm Trading and Equity Finance accounts.
Full life cycle processing of all North American corporate action events across the multiple entities for Capital Markets.
Service the trades/positions on Six BMO business entities.
Full understanding of end-to-end processing of the corporate action lifecycle, from announcement capture through to the final entitlement reconciliations.
Daily liaison with trading desks, ops groups, accounts and institutional counterparties to ensure the efficient processing of elections and entitlement setups.
Daily monitoring and clearance of cash/stock reconciliations.
Working with the team manager to fulfil year-end/mid-year reviews and individual goal setting.
Adapt to future departmental projects, including the integration of voluntary corporate actions processing into the new in-house entitlement tracking system (EnTrack) and the external vendor system.
Manage and monitor complex corporate action types that have a significant amount of risk associated.
Make independent decisions within established guidelines, procedures and Letter of Authority/authority levels in resolution/escalation of problems, including system, software and hardware failures.
Escalate all unresolved processing issues to the appropriate level, as per guidelines.
Develop initiatives to avoid repetition of operational issues.
Act as SME in Corporate Actions & Entitlements.
Maintain key controls and review processes quarterly.
Identify potential risk situations within the scope of work (e.g. risk assessments), make recommendations and/or escalate to senior management, where appropriate, and ensure contingency plans exist.
Contribute to the management of risk and minimize losses through monitoring and controlling various reports and taking appropriate actions, ensuring compliance requirements, audits and verifications are completed in accordance with Bank P&Ps.
Work effectively with high volume of corporate action events that have deadline constraints.
Ability to multi-task in a fast-paced environment.
Project Management experience seeing implementations and integration of key systems.