Consultant, Corporate Actions

Northern Trust • Chicago, IL

2d • $66,700 - $113,300 • Hybrid

About The Position

Under general supervision (but works independently most of the time) responsible for coordinating global partnership across all operational functions, (valuations/pricing, attribution/performance, data management, reconciliation, Corporate Actions). This role requires excellent understanding of various investment instruments, e.g. Equities and Fixed Income. As a Consultant, you will provide valuable guidance and support to our clients in navigating corporate action events.

Requirements

• Understanding of the Corporate Action Lifecycle processes and related Asset Management functions preferred.
• Knowledge of global market nuances related to Corporate Action processing, financial markets, legal and regulatory requirements preferred.
• Exceptional analytical and problem-solving skills.
• Ability to lead and manage projects and system development changes.
• Experience operating industry recognized platforms, such as Aladdin and Eagle preferred.
• Excellent oral and written communication skills.
• Bachelor’s degree, emphasis in Accounting/Finance preferred.
• 3-5 years of experience in Operations functions within Asset Servicing and/or Asset Management.
• Experience in Corporate Actions is preferred.

Responsibilities

• Setting up of an Event Announcement, Election Management, Processing of Entitlements, as well as Reconciliation, Investigation and Resolution of Corporate Actions’ related issues.
• Perform detailed analysis of all global Corporate Action event types, including but not limited to Mergers, Dividends, Exchanges, and Tenders to provide comprehensive insight to the internal and external partners.
• Proactively identify potential risks and opportunities associated with Corporate Actions to develop process improvements or in support of initiatives that benefit division/department strategy.
• Responsible for ensuring all updates are incorporated into relevant Corporate Actions Procedures.
• Cross-functionally collaborate with internal partners across the enterprise to resolve escalations, inquiries, incidents and challenges as quickly as possible.
• Maintain and pro-actively communicate the BCP procedure updates to the team.
• Adherence to Standards & Procedures and the promotion of best practices.
• Maintain KPI’s, Volumes trend analysis and Error log for the process.
• Should be highly agile to assume various cross-functional roles and responsibilities in alignment with business demands.
• Provides hands-on training for new staff and functional cross-training for experienced staff.
• Generates ideas for operational efficiency and assesses impact.

Benefits

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level