State Street

Corporate Action, Assistant Vice President

State Street

full-time

Posted on:

Location Type: Office

Location: Hyderabad • 🇮🇳 India

Visit company website
✨ AI Apply
Apply

Job Level

Lead

About the role

  • Reconciliation and distribution of dividends and cash corporate actions.
  • Analyses, researches and interprets corporate action terms and conditions according to established policies and procedures.
  • Inputs corporate action blocks, restrictions and trading comments on the Securities Finance system.
  • Communicates with internal and external parties to provide corporate action information and relevant deadlines.
  • Calculates entitlements based on corporate actions terms and conditions and processes the requisite adjustments and possible ensuing market transactions in a timely and accurate manner for securities borrowed and on loan.
  • Communicates with the trading and settlements groups to enforce policies and procedures to minimize corporate action issues.
  • Reconciles pending/open borrowed and loaned positions with participating parties.
  • Collects the requisite income from participating borrowers in order to pay the participating lending agent(s) on market pay date.
  • Ensure that your team meets the agreed SLA, KPI and KRI and evidence of the same documented every day.
  • Reviews contract compare records, DDA’s to validate positions with each counterparty.
  • Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams.
  • Ensure timely resolution of counterparty issues including pricing problems, quantities of loans and borrows, etc. while keeping management informed of any potential issues.
  • Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as needed.
  • Demonstrates effective communication skills (written and verbal) – ensuring key stakeholders are regularly appraised on progress relative to milestones & escalates issues requiring attention appropriately.
  • Ensure trades that fall out of the STP process are highlighted, tracked and remediated where appropriate.
  • Understand end to end of the process (including new ones) and contributes to process improvement ideas highlighting any potential process risk to the managers.
  • Demonstrates effective risk management skills – capture and communicate probability and impact to key stakeholders, ensure appropriate mitigation strategies are agreed.
  • Identifies and analyses operations risks related to current and potential business and recommends procedural changes/improvements as needed.
  • Works collaboratively across SSGM Globally on key initiatives.

Requirements

  • 12 to 15 years’ of strong product knowledge of corporate actions life cycle and Agency/Principal Security lending business
  • Strong communication, interpersonal, organizational, and time management skills
  • Good team management experience
  • Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
  • Should be flexible to work in US (6:30 PM - 3:30 AM IST) shift
  • university degree in Business majoring in Accounting, Finance, or other Financial-related programs
  • Certifications: certifications like NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP) etc. will be an added advantage but not mandatory
Benefits
  • generous medical care
  • insurance and savings plans
  • flexible Work Program
  • development programs and educational support
  • paid volunteer days
  • matching gift program
  • access to employee networks

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
corporate actionssecurities financereconciliationdividend distributionanalytical skillsproblem solvingMS Excelrisk managementprocess improvementtrading comments
Soft skills
communication skillsinterpersonal skillsorganizational skillstime managementteam managementcollaborationstakeholder managementflexibilityattention to detailmilestone tracking
Certifications
NSE Certification in Financial Markets (NCFM)NSE Certified Capital Market Professional (NCCMP)