Vice President, Corporate Actions

BNY Mellon • New York, NY

8h

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. May allocate/coordinate work within a team/project. Meets with organizational units/teams to ensure corporate action events are being addressed appropriately. Determines impact of complex events and disseminates information regarding event to investors and client accounts. Uses in-depth area knowledge to apply ingenuity and creativity to common repeat problems and determines more permanent resolutions. 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 highly 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 corporate actions expert for less experienced staff, expected to have an advanced 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 is required
• Applicable local/regional licenses or certifications as required by the business

Nice To Haves

• Advanced degree preferred
• 7-10 years of total work experience preferred
• Experience in financial services or corporate actions preferred
• May have people management responsibilities in some geographies

Responsibilities

• Performing mandatory and voluntary corporate action-related custody and accounting processing requirements, such as dividend payments, reorganization/proxy, bond redemption, etc.
• Managing and controlling high levels of risk and liability inherent in the various functions
• Performing reconciliation activities, client reporting and proration on transactions
• Determining impact of complex events and disseminating information regarding event 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 highly complex corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and, posting online cash and security transactions
• Participating in the development of documentation that is circulated to the market
• Serving as a corporate actions expert for less experienced staff
• Providing guidance to less experienced team members
• Contributing to the achievement of related teams objectives

Benefits

• Highly competitive compensation
• Benefits and wellbeing programs
• Access to flexible global resources and tools
• Generous paid leaves
• Paid volunteer time
• Eligibility for an annual discretionary incentive award
• 401(k) plan
• Company-sponsored medical, dental, vision, and basic life insurance plans
• Various paid time off benefits, such as vacation and sick time

What This Job Offers

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