Corporate Actions Job Description

Corporate Actions Job Description

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Corporate actions provides timely and accurate execution of core processes related to corporate actions events where clients have positions.

Corporate Actions Duties & Responsibilities

To write an effective corporate actions job description, begin by listing detailed duties, responsibilities and expectations. We have included corporate actions job description templates that you can modify and use.

Sample responsibilities for this position include:

Processing all mandatory and voluntary corporate actions (stock splits, stock dividends, spin-offs, exchanges, mergers, tenders, consents, ) on global custody accounting system
Manage Corporate Actions Escalations related to internal and external stakeholders
Corporate action information received from vendors and other sources is accurately interpreted and recorded on the Corporate Actions Dept
The high degree of risk inherent in corporate actions processing is identified, understood, and controlled so that financial losses due to misinterpretation of information or processing error are minimized
Understand link between Custody / Fund Master / DTC and resolve exceptions between them
Processing client elections / instructions on voluntary corporate actions
Working with the design teams to ensure that the requirements are understood and that the delivered design fulfils all of the requirements adequately
Supporting the technology teams through the build and unit test activities to ensure that all requirements are understood
Demonstrate the ability to identify potential risk scenarios
Implement controls to minimize operational risk

Corporate Actions Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Corporate Actions

List any licenses or certifications required by the position: IAQ, CFA, DTC, IAQ/IOC, WORK, IFIC, CSC, IOC, NCFM, SII/CISI

Education for Corporate Actions

Typically a job would require a certain level of education.

Employers hiring for the corporate actions job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Financial Services, Education, Accounting, Finance, Management, Economics, Interpretation, Guidance, Communication

Skills for Corporate Actions

Desired skills for corporate actions include:

Excel
Various equity products
Accounting
ISO/Swift feeds
Corporate actions
DTC
Business processing functions within of the corporate actions functional areas
Handling corporate actions and income related events for various instrument types
SWIFT standards
Equities and fixed income

Desired experience for corporate actions includes:

Proficiency in English (both written and verbal) to a good business standard
Work on multiple problems at the same time and to keep all appropriate personnel apprised of current activity and events
Work experience desired
The team are also responsible for control and reporting aspects of Asset Services for the markets business
The working environment can be highly pressurized with competing client and processing demands
The candidate will be expected to be a strong communicator

Corporate Actions Examples

1

Corporate Actions Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of corporate actions. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for corporate actions
  • Create, maintain, and adhere to all Client-related Detailed Function Lists and Service Level Agreements
  • Prioritize deliverables and delegate responsibilities where necessary
  • Communicate effectively and efficiently across departments, with staff, with senior management, and with clients
  • Facilitate the on-boarding of new clients and scope out additional services for current clients
  • Play a lead role in shaping, planning and training the team
  • Provide the portfolio management team with corporate action research materials to allow them to make the appropriate decisions
  • Oversight of the outsource provider's corporate action processing, ensuring the service provided is in line with defined service level agreements
  • Monitor and notify the investment teams of all company meetings and provide administrative support and processing for proxy voting activities
  • Manage all aspects of the data in the enterprise data management system including the setup of securities, markets, brokers, charges
  • Oversight of all processes and activities relative to the enterprise data management utility including ensuring the timely and accurate management of data feeds, data quality checks and the ownership and resolution of any data issues
Qualifications for corporate actions
  • Proficiency in German (both written and verbal) to a good business standard
  • The candidate would need extensive working knowledge of managing complex and large inventory positions for corporate action and income events in EMEA markets
  • The candidate would need experience of the intricacies of processing a corporate action for the stock lending world and OTC trades Exchange trades, SWAPs and CFDs
  • As the role is at a GBM Supervisory level, there is a requirement to have completed all three exam modules of an Investment Operations Certificate (formerly IAQ) and attain the agreed exam requirement within 12 months of commencing the supervisor role
  • Customer Service orientation is a must along with excellent writing and verbal communication skills
  • Bachelors degree with more than 5 years of experience in related field, database management, data validation processes, quality control reporting
2

Corporate Actions Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of corporate actions. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for corporate actions
  • Ensuring Corporate Action notifications are prepared and sent out in a timely manner to clients for the required Corporate Actions
  • Ensuring all Corporate Actions are reconciled
  • Ensuring all Corporate Actions claims are sent out and followed up in a timely manner
  • Ensuring all Corporate Actions are reflected for House Accounts on ex date
  • Preparing and supporting Corporate Actions Notifications for SWAP clients for the front office
  • Oversight of securities pricing process, pricing standards and control
  • Manage cash flow reporting, facilitate FX processing and pre-funding corporate action events
  • Oversight of security and cash reconciliation activities performed by the outsourced partners
  • Play a lead role in managing the service relationship with the end customer, and outsourced service suppliers, making changes, as necessary, to ensure that the service continues to meet their needs
  • Liaise with internal/external business partners to ensure that they continue to provide the agreed service levels, escalating service issues where appropriate
Qualifications for corporate actions
  • Strong analysis, design, and problem solving skills necessary
  • Responsible self-starter with the ability to take a proactive approach to projects and tasks in implementing solutions
  • Assist in the production of key business metrics to support the service proposition
  • Bachelor degree in finance, business management, or other related disciplines
  • Minimum eight years of working experience in the investment industry
  • Knowledge and understanding of securities markets, equities, foreign exchange, fixed income, derivatives, and structured products
3

Corporate Actions Job Description

Job Description Example
Our growing company is hiring for a corporate actions. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for corporate actions
  • Be a Subject Matter Expert in Global Corporate Actions, Income and Tax with a full and detailed understanding of complex and unique processing
  • The Corporate Actions department operates under significant time pressure throughout the day therefore candidates must be flexible in their approach to the daily start and end times
  • Ownership of the ongoing development of the Rosa Platform to be the future Model for Corporate Actions process, including tactical and strategic change
  • Monitor work load and work flow for the team and the CRC
  • Act as an expert resource on all mandatory and voluntary offers processed in the Naperville processing center
  • Assist to resolve any complex issues which may arise with the set up/processing/posting of offers
  • Work on special projects / difficult issues as assigned by Manager
  • Act as back-up for the other three TCs and the manager in the Naperville office
  • Assist teams to resolve same day issues in order meet daily deadlines
  • Oversee Control technician over mandatory process in India by ensuring proper processing of events, helps to addressing issues that are discovered, act as an escalation point for India issues, act as a resource for any processing questions, and ensure technician has all proper documentation completed
Qualifications for corporate actions
  • Good knowledge of market information systems and exposure to data management systems
  • Excellent relationship management skills, both with internal and external clients
  • Candidates should possess a minimum of two years Investments / Securities or equivalent experience
  • Oversee Control technician for Calls process in backup situations for India
  • High school diploma or equivalent plus two years of work-related experience or college experience
  • Knowledge of securities, and securities processing
4

Corporate Actions Job Description

Job Description Example
Our innovative and growing company is hiring for a corporate actions. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for corporate actions
  • Validate and calculate complex corporate actions
  • Planning, parametrisation and maintenance of Corporate Actions Rule Set
  • Clear ledger receivables / payables upon receipt or payment of funds
  • Reconcile and resolve exceptions
  • Candidates must also vast a vast knowledge of overall asset services and overall operations to determine the impact of a voluntary event across multiple businesses
  • Assist with identifying and research variances in multiple internal clearing accounts and bank reconciliation reports while working with custodians and other broker dealers to resolve differences
  • Review of processing entitlement transactions
  • This person will be responsible for the day-to-day management of a staff of ~6 custody associates
  • Support and complete client inquiries and requests
  • Reviews reconciliations of client holdings versus agent holdings to ensure accurate corporate action transaction processing
Qualifications for corporate actions
  • Ability to read a Prospectus and extract key Voluntary processing information
  • Ability to read stock record and trading activity and identify accounts eligible to participate and short account subject to liability
  • Detailed knowledge of the ADP processing platform
  • Knowledge of CNS Voluntary Reorganization system and process
  • Knowledge of U.S. , Canada, LATAM and EMEA markets
  • In-Depth knowledge of DTCC settlement systems, and methods
5

Corporate Actions Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of corporate actions. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for corporate actions
  • Audits event files for all relevant documentation and recordkeeping requirements
  • This role manages the performance, functions and activities of associates within the team
  • Maintain and reconcile various general ledgers and suspense accounts
  • Facilitate advanced allocations of cash/stock to ensure proper credit to investors
  • Oversee daily operations within the team ensuring all dividend, interest, principal and redemption proceeds have been paid to the clients
  • Act as point person and escalation contact for all Corporate Action activity across PCO and trading desks
  • Check, maintenance, processing and booking of event data / corporate action data / coupon notifications
  • Processing of Maturities (options, bonds, certificates and warrants)
  • Processing of withholding tax for countries with particularities (Italy, Spain, Sweden…)
  • Check special processing with second sources manually (Bloomberg IDC, SixTelekurs, Company websites)
Qualifications for corporate actions
  • Knowledge of Voluntary announcement scrubbing and formulation of offering summary that can be provided to Hedge Funds
  • Compilation and distribution of various management and regulatory reports such as volume and risk analysis
  • Require moderate right and left hand coordination for the use of the personal computer
  • Required to be proficient in the computer applications necessary for performing the essential duties and responsibilities of the job as indicated below
  • Excellent oral and written communication skills are required in-depth functional / industry knowledge
  • Industry knowledge – Australian and New Zealand markets

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