Associate, Corporate Actions II

BNY Mellon

Jan 11

Applications are closed

Job
Full-time
Mid & Senior Level
Banking & Finance
Chennai

Requirements

Bachelors degree in a related discipline or the equivalent combination of education and experience is required.
3-5 years of total work experience preferred.
Experience in financial services or corporate actions preferred.
Applicable local/regional licenses or certifications as required by the business.

Responsibilities

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.
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 team goals and objectives.

FAQs

What is the job title for this position?

The job title is Associate, Corporate Actions II.

Where is the job located?

The job is located in Pune, MH, and operates in a hybrid format.

What are the key responsibilities of the Associate, Corporate Actions II?

Key responsibilities include performing mandatory and voluntary corporate action-related custody and accounting processing, managing risk and liability, reconciling activities, client reporting, processing corporate action events, and responding to inquiries from various internal and external stakeholders.

What qualifications are required for this role?

A bachelor's degree in a related discipline or equivalent combination of education and experience is required, along with 3-5 years of total work experience preferred.

Is prior experience in financial services necessary for this role?

Yes, experience in financial services or corporate actions is preferred.

Are there opportunities for professional development in this position?

Yes, the role involves serving as a resource for less experienced staff and may also include people management responsibilities in some geographies.

What types of benefits does BNY offer?

BNY offers highly competitive compensation, benefits and wellbeing programs, flexible global resources and tools, generous paid leaves, and support for health and personal resilience.

Is BNY an equal opportunity employer?

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

Are there ongoing training opportunities for this position?

While specific training opportunities were not detailed in the job description, the role does require an understanding of corporate action procedures and provides guidance to less experienced team members, indicating opportunities for knowledge sharing.

What recognition has BNY received in recent years?

BNY has received multiple awards, including America’s Most Innovative Companies and World’s Most Admired Companies by Fortune, as well as a perfect score on the Human Rights Campaign Foundation's Corporate Equality Index.

BNY Mellon

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.