Associate, Corporate Actions II

Job title:

Associate, Corporate Actions II

Company

BNY Mellon

Job description

Job Description:Associate IIAt BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.We’re seeking a future team member for the role of Associate II to join our Corporate Actions team. This role is located in Manchester, UK and will be working on a hybrid capacity.(3 days a week in the office).In this role, you’ll make an impact in the following ways:

• 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.
• Responsible for proactively recognizing, researching and processing moderately intricate mandatory and voluntary corporate action events. Responsibilities include the daily interpretation, monitoring, scrubbing and notification of complex corporate action events in the global market as well as the reconcilement, monitoring and posting of entitlements to client accounts. Balances entitlements and processes liability notices, dividend and interest payments, and class action suits. Determines impact of events and disseminates information regarding event to investors and client accounts.
• Responsible for identifying root causes in monthly reviews and developing corrective actions.
• 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 corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and, posting online cash and security transactions. May participate in the development of documentation that is circulated to the market.
• Serves as a resource for less experienced staff, expected to have an understanding of all corporate action procedures, corporate action events and market practices.

To be successful in this role, we’re seeking the following:

• Bachelor’s degree in a related discipline or the equivalent combination of education and experience is required.
• Experience in financial services or corporate actions preferred. Applicable local/regional licenses or certifications as required by the business.
• Strong command of Microsoft Excel, Word and PowerPoint would be advantageous.
• Experience working in high-volume and high-pressure environment with the ability to deliver time -sensitive situations.

At BNY, our culture speaks for itself. Here’s a few of our awards:

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024

, Disability: IN – 100% score, 2023-2024 * “Most Just Companies”, Just Capital and CNBC, 2024

• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Expected salary

Location

Manchester

Job date

Sun, 25 Aug 2024 05:11:32 GMT

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