Corporate Actions & Income Associate

London, United Kingdom
05 Mar 2023
04 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Alongside the Corporate Actions and Income team leads, you will work closely with both internal partners (including, but not restricted to, Portfolio Management, Compliance, Trade Management, Public & Private Operations) and relevant external parties (including Global Custodians, counterparties)

You will work alongside teams of dedicated professionals responsible for performing all aspects of Corporate Action and Income processing. You will follow the processes and controls set out by team management.

Once fully trained, you will demonstrate credibility with a proven competency and knowledge of the related operational activities, as well as drive efficiency and accuracy to reduce risk in our processes.

  • Accurate and timely transaction processing of Corporate Actions and Income, ensuring tasks are prioritized accordingly to meet processing deadlines.
  • Work closely with front office and business partners to provide daily operational support relating to the Corporate Action and Income queries and requests
  • Ensure security level event data such as reorganization announcements, stock splits, dividend income, bond interest, Proxy votes etc. are correctly captured and processed.
  • Ensuring timely and accurate validation of automated feed updates in Aladdin to support global investment management processes.
  • Upon receipt of corporate action notifications from Global Custodians ensure that positions are reconciled before processing.
  • Sending corporate action notifications to investment managers, monitoring of election responses, deadlines, and relevant communication with client and custodian.
  • Making corporate action postings in Aladdin and reconciliation of entitlements received by Global Custodian(s) to applicable systems.
  • Posting Equity and Fixed Income accruals on Ex Date in Aladdin and subsequent Payments.
  • Investigation of Cash reconciliation exception processes related to Corporate Action and Income postings.
  • Ensure all Income Claims are processed and paid in a timely manner.
  • Assist your team leader with any Business projects impacting Corporate Actions and Income.
  • Take responsibility and provide proactive communication while troubleshooting and resolving issues related to Corporate Actions and Income processing
  • Identify risk issues and use good judgement in communicating issues and escalating matters to your team leader or the Head of Corporate Actions and Income when warranted
  • Develop strong relationships with relevant 3rd parties, IT, and with the front office to ensure smooth workflows and enhance the output of the team.
  • Actively ensure upward and downward communication of developments and issues

Qualifications and Skills:
  • Good understanding of Corporate Actions and Income operational processing.
  • Understanding of the lifecycle of Corporate Action and Income events.
  • Good understanding of operational risks and controls
  • Experience with Aladdin desirable but not required.
  • Analytical ability to evaluate the root causes of the problems and aptitude to understand complex workflows
  • Able to manage heavy workload, understand urgency, multitask and prioritise to meet deadlines
  • Strong teamwork ethic whilst also having the ability to function with limited direction from your team leader, challenge yourself to learn new things and continually improve
  • Understand the need to prioritise and delegate tasks to other team members.
  • Effective communication skills, both written and verbal

  • 2+ years' experience in financial services ideally in Corporate Actions and/or income roles
  • Recent and relevant experience in Trade Operations
  • Some knowledge of Investment Management processes

  • Bachelor's degree in Accounting, Economics, Finance or related field is desirable. Alternatively:
  • Several years of experience in an operations team role at a fund manager, custodian, third party administrator, or similar.