Corporate Actions Operations Specialist

OVERVIEW

Hiring for a major bank: Corporate Actions Specialists to join its Operations group. As a Corporate Actions Specialist, you will manage corporate action events from announcement through to payment for securities held on behalf of the bank's clients.

The team processes a large, steady volume of corporate action events, including mergers, acquisitions, dividends, interest payments, maturities and redemptions, announced through major depositories such as CDS, DTC, BNP and Citi. Each event can affect a large number of client accounts, so accuracy, attention to detail and a strong understanding of the corporate action lifecycle are essential.

There are openings in three functional areas: Corporate Action Notifications, Reorganizations (Mandatory and Voluntary) and Entitlements. You will be matched to one area based on your experience.

12 month contract to start

Rates: $35-$40 / hour

RESPONSIBILITIES

Corporate Action Notifications

• Review daily depository bulletins and market announcements
• Interpret event terms and prepare accurate notices to shareholders
• Publish notices for mandatory and voluntary reorganizations, cash dividends, interest events and other corporate actions
• Validate key event details such as dates, ratios, options and deadlines before release
• Identify and escalate discrepancies between depository announcements and internal records

Reorganizations (Mandatory and Voluntary)

• Process mandatory events such as mergers, acquisitions, name changes, consolidations and splits on their effective dates
• Process voluntary events such as tender offers and elections, and track client instructions through to expiry
• Update client positions by removing existing securities and crediting new shares or cash
• Manage multiple events at once in a high-volume, deadline-driven environment
• Reconcile positions and payments and resolve breaks

Entitlements

• Process declared distributions, including cash and stock dividends, interest payments, maturities and redemptions
• Calculate and allocate entitlements to client accounts on Broadridge
• Reconcile payments received from depositories against amounts allocated
• Investigate and resolve payment discrepancies and outstanding items

All Areas

• Extract and reconcile data from Broadridge and internal systems
• Build Excel tools and trackers to support day-to-day processing and resolve ad hoc issues
• Support month-end and peak-volume periods
• Follow control procedures and keep documentation accurate

QUALIFICATIONS

Required

• 1+ year of hands-on corporate actions experience in notifications, reorganizations or entitlements
• Strong understanding of the corporate action lifecycle, from announcement to payment
• Experience working with depositories such as CDS, DTC, BNP or Citi
• Advanced Excel skills
• Available to commit to the full 12-month contract term
• Legally eligible to work in Canada

Preferred

• 4 to 5 years of corporate actions experience
• Experience with Broadridge
• Background at a Canadian bank, broker-dealer or custodian
• Excel macro / VBA experience
• Exposure to both mandatory and voluntary reorganization processing
• Strong problem-solving skills, a high level of accuracy, and the ability to manage competing deadlines

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, or other non-merit factor. We are committed to creating a diverse and inclusive environment for all employees.