Senior Specialist, Corporate Actions

BNY Mellon • Lake Mary, FL

1d

About The Position

Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing requirements, such as dividend payments, reorganization/proxy, bond redemption, etc. Also responsible for managing and controlling high levels of risk and liability inherent in the various functions and for reconciliation activities, client reporting and proration on transactions. Meets with organizational units/teams to ensure corporate action events are being addressed appropriately. Determines impact of moderately complex events and disseminates information regarding event to investors and client accounts. Integrates in-depth area knowledge with a solid understanding of industry standards and practices to provide client solutions. Responsible for reviewing cash reconciliations, security and suspense transactions reviews adhering to established quality control measures and procedures. Responsible for researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians and/or custodians. Works on multiple systems to perform complex corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and, posting online cash and security transactions. Participates in the development of documentation that is circulated to the market. Serves as a resource for less experienced staff, expected to have a strong understanding of all corporate action procedures, corporate action events and market practices. No direct reports but may provide guidance to less experienced team members. May have people management responsibilities in some geographies. Contributes to the achievement of related teams objectives.

Requirements

• Bachelors degree in a related discipline or the equivalent combination of education and experience.
• 5-7 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.

Nice To Haves

• May have people management responsibilities in some geographies.

Responsibilities

• Performing mandatory and voluntary corporate action-related custody and accounting processing requirements (e.g., dividend payments, reorganization/proxy, bond redemption).
• Managing and controlling high levels of risk and liability inherent in the various functions.
• Performing reconciliation activities, client reporting, and proration on transactions.
• Meeting with organizational units/teams to ensure corporate action events are addressed appropriately.
• Determining the impact of moderately complex events and disseminating information to investors and client accounts.
• Reviewing cash reconciliations, security and suspense transactions reviews adhering to established quality control measures and procedures.
• Researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians and/or custodians.
• Performing complex corporate action processing on multiple systems, including creating and scrubbing announcements, sending client instructions to third parties, and posting online cash and security transactions.
• Participating in the development of documentation circulated to the market.
• Serving as a resource for less experienced staff, providing guidance on corporate action procedures, events, and market practices.

Benefits

• Support wellbeing and a balanced life.
• Range of family-friendly, inclusive employment policies.
• Employee forums.

What This Job Offers

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