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Associate, Corporate Actions I

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  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Banking & Finance
  • Chennai

Requirements

  • Bachelors degree in a related discipline or the equivalent combination of education and experience is required.
  • 3 years of total work experience preferred.
  • Experience in financial services or corporate actions preferred.

Responsibilities

  • Responsible for mandatory and voluntary corporate actions custody functions for all organizational accounts.
  • Receives guidance from more experienced staff.
  • With guidance from more senior staff, responsible for processing basic mandatory and voluntary corporate action events (including the daily interpretation, monitoring, scrubbing and notification of corporate action events), processing liability notices, processing and allocating dividend interest payments and processing class action suits.
  • Reconciles, monitors and posts entitlements to client accounts.
  • Responsible for daily and monthly outlier review, research and documentation.
  • Responsible for performing daily reconciliations for cash, security and suspense transactions as well as 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.
  • No direct reports. May have people management responsibilities in some geographies.
  • Contributes to the achievement of team goals and objectives.

FAQs

What is the location of the Associate, Corporate Actions I role?

The role is located in Pune, MH and is offered in a hybrid format.

What is the main responsibility of the Associate, Corporate Actions I?

The main responsibility is to handle mandatory and voluntary corporate actions custody functions for all organizational accounts.

How much experience is preferred for candidates applying for this role?

A total of 3 years of work experience is preferred.

Is prior experience in financial services or corporate actions required for this role?

While not required, experience in financial services or corporate actions is preferred.

What level of education is required for this position?

A bachelor’s degree in a related discipline or equivalent combination of education and experience is required.

Are there opportunities for career growth in this role?

Yes, the role provides opportunities for growth, and employees are encouraged to work toward team goals and objectives.

Will the Associate, Corporate Actions I have any direct reports?

No, the position does not have direct reports but may have people management responsibilities in some geographies.

What types of inquiries will the Associate, Corporate Actions I need to respond to?

The associate will research and respond to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians, and custodians.

What benefits and rewards does BNY offer?

BNY offers competitive compensation, benefits and wellbeing programs, including generous paid leaves and paid volunteer time.

Is BNY an equal opportunity employer?

Yes, BNY is an Equal Employment Opportunity/Affirmative Action Employer, welcoming underrepresented racial and ethnic groups, females, individuals with disabilities, and protected veterans.

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.

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