We are seeking a Specialist - Corporate Actions to join our team in Manchester, England. The successful candidate will have experience in corporate actions, dividend processing, and settlement rules. They will be responsible for analyzing and validating market announcements, creating events in our systems, and ensuring compliance with regulatory requirements.
Requirements
- Analysis and validation of incoming market announcements from data vendors
- Creation of events in our systems ensuring compliance with CRS and MiFID requirements
- Validation of set up and distribution of event notifications to customers and acting on client elections accurately by acceptance deadline
- Maintain departments workloads, SLA’s and complete MI
- Provide effective Quality Assurance across key processes
- Administer and maintain oversight of key departmental controls and reflect as necessary
- Ensuring corporate action entitlements are allocated to our customer accounts within SLA and subsequent post reconciliation tasks completed
- Maintenance of the Dividend Reinvestment (DRIP) programme and daily adjustment of firm prefunding requirements for dividends
- Use subject matter expertise to resolve complex or escalated queries ensuring positive client and employee experiences
- Processing of cross border events to ensure final settlement in the resultant market/custodian
- Communication with other market participants concerning the timely settlement of market claims
- Make informed risk decisions and effectively and credibly debate and challenge recommendations within your role in line with the approved Risk Appetite Framework
- Ensure that Client Money / Asset reconciliations are processed accurately and daily
- Complex Reconciliations of Dividends and Corporate Action Events
- Ensure reconciliation breaks are fully investigated in a timely manner, correct narratives in place and escalated when appropriate
- Processing of IPO/ABB events including elections and entitlements, and processing VCT applications when received from customers
- Liaise with external counterparties and agents / internal departments at all levels and external correspondents as required
- Interact daily with Customer Services, handling all front office and customer queries in a timely and efficient manner to deliver a first-class customer experience
- Interact with the Complaints team to provide full investigations of Corporate actions complaints
- Complete department risk management documentation such as Risk Events and Regulatory Breaches and track delivery of subsequent actions including the necessary liaison with Operational Oversight
- Ensure procedures are up to date and provide technical coaching regarding revised procedures, systems enhancements or regulatory changes impacting the department
- Identify areas of risk/exposure within the department and devise appropriate mitigation measures
- Maintain the first line of compliance defence by ensuring individual adherence to business processes and procedures that are designed to meet the regulatory standards set out in the relevant FCA rules and guidance, with reference to CASS regulation
- Completion of MEC
- Completion of regular 1042 reconciliations and yearly reporting working closely with key stakeholders including operational tax department and international and UK Custodians
- Analysing operational processes, identifying and progressing opportunities for improvement
- Assistance with ad hoc and scheduled projects as required
- System testing as required
- Managing of the team in the team managers absence
- Coaching and training team members
- Performs other duties and responsibilities as assigned
Benefits
- Group Personal Pension Plan
- Life Assurance and Group Income Protection
- Private Medical Insurance
- 25 Days Annual Leave, plus bank holidays
- Staff Discounts on our investment products
- Personal & Well-being Fund
- Retail Discounts
- Voluntary Flexible Benefits
