Specialist, Corporate Actions

Bank of New York Mellon • New York, NY

15h • $52,000 - $86,000 • Hybrid

About The Position

BNY is seeking a Specialist, Corporate Actions to join its team in New York, NY. The role is based in the office four days per week and performs mandatory and voluntary corporate actions custody functions for organizational accounts. The employee receives guidance from more experienced staff and contributes to team goals and objectives. There are no direct reports, though the position may involve people management responsibilities in some geographies.

The position handles basic corporate action events and related processing, including event interpretation, monitoring, scrubbing, and notification; liability notices; dividend and interest payments; class action suits; client entitlements; reconciliations; and responses to inquiries. It uses multiple systems to process announcements, send instructions to third parties, and post cash and security transactions.

BNY offers competitive compensation, benefits, and wellbeing programs. Eligible employees may participate in a 401(k) plan and company-sponsored medical, dental, vision, and basic life insurance plans. Other benefits may include paid time off, such as vacation and sick time, and paid volunteer time. Benefits are subject to eligibility and applicable plan terms.

Requirements

• Bachelor’s degree in a related discipline or an equivalent combination of education and experience.
• Applicable local or regional licenses or certifications, as required by the business.

Nice To Haves

• 0–3 years of total work experience preferred.
• Experience in financial services or corporate actions preferred.

Responsibilities

• Perform mandatory and voluntary corporate actions custody functions for organizational accounts.
• With guidance from senior staff, process basic mandatory and voluntary corporate action events, including daily interpretation, monitoring, scrubbing, and notification.
• Process liability notices, dividend and interest payments, and class action suits.
• Reconcile, monitor, and post entitlements to client accounts.
• Conduct daily and monthly outlier reviews, research, and documentation.
• Perform daily reconciliations for cash, security, and suspense transactions, and adhere 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 custodians.
• Use multiple systems to process corporate actions, 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

• Competitive compensation and benefits and wellbeing programs.
• Access to flexible global resources and tools.
• Paid leaves, including paid volunteer time.
• Eligible employees may enroll in a 401(k) plan.
• Eligible employees may participate in company-sponsored medical, dental, vision, and basic life insurance plans.
• Other benefits may include paid time off, such as vacation and sick time, depending on the position offered.
• Eligible employees may receive an annual discretionary incentive award.

What This Job Offers

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