Sr. Corporate Actions Associate Job Description:
The Sr. Corporate Actions Associate will play a pivotal role in the daily operations of our clearing firm, focusing on the accurate post-trade processing of mandatory and voluntary corporate actions. The ideal candidate will have substantial experience in processing corporate actions for a self-clearing or correspondent clearing broker-dealer, or equivalent transferable experience and knowledge of corporate actions, DTC, and post-trade settlement processes. The team member will collaborate closely with internal teams and external stakeholders to maintain operational excellence and meet regulatory requirements.
Key Responsibilities:
Corporate Actions Processing and Reconciliation:
- Post-trade processing of mandatory corporate actions such as dividend payments, stock splits, and mergers.
- Handling voluntary corporate actions including tender offers and warrant exercises.
- Perform daily position and balance reconciliation for wash accounts to ensure accuracy.
- Prepare daily reconciliation for fail cash related to corporate actions and resolve issues promptly.
- Reconcile stock record vs control location position breaks daily.
Physical Certificates Management:
- Monitor the return of physical certificates to safeguard assets and ensure regulatory compliance.
Proxy and Prospectus Delivery Management:
- Manage e-delivery vendor relationship, data pipeline, and exception reporting to ensure compliance with proxy and prospectus delivery requirements.
Reporting and Documentation:
- Prepare daily operations reports and address any issues identified during the process.
- Identify positions requiring segregation as fully paid and ensure compliance with regulatory requirements.
- Prepare suspense account reconciliation and identify items for write-offs as necessary.
- Submit daily reports and reconciliations for review to the Position Management Lead to ensure accuracy for subsequent manager approval.
Other Duties:
- Provide coaching and feedback to staff to foster professional development.
- Perform daily reconciliation, investigation, and clearance of suspense accounts.
Qualifications:
- Series 99 preferred.
- 2-3 years of experience in clearinghouse operations or related financial services industry.
- Strong understanding of financial markets, products, and regulatory requirements.
- Proficiency in reconciliation processes and tools.
- Knowledge of Broadridge software preferred.
- Excellent analytical skills with a keen attention to detail.
- Effective communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Strong problem-solving abilities and ability to work independently.
- Proficiency in SQL, Excel, and relevant financial software applications.
