Corporate Action Job Description
Corporate action
provides accurate and timely information regarding high-risk Corporate Action events to ensure successful client utilization of the Corporate Action Tool.
Corporate Action Duties & Responsibilities
To write an effective corporate action job description, begin by listing detailed duties, responsibilities and expectations. We have included corporate action job description templates that you can modify and use.
Sample responsibilities for this position include:
Provides answers and information to complex or unusual client inquires independent of Supervisor
Provides training, guidance, and assistance to other associates as needed
Serving as primary contact point between 3rd Party Advisors and Internal business partners
Notification of voluntary corporate actions to outside portfolio managers
Receiving and inputting voluntary corporate action decisions
Researching and resolving inquiries from outside managers and internal business partners
Expected to process corporate actions from receipt, collection of notifications to final client booking
The corporate action team offers exposure to operations at a global level and the opportunity to work within a dynamic and high risk environment
Performing event creation in system, providing corporate action information to Bankers, monitor and ensure required actions are taken by deadlines, send instructions to custodians and book corporate action entitlements on a timely basis
Post event activities includes perform reconciliations of corporate action entitlements credited and investigate any discrepancies, non-credit of corporate action entitlements and participation in system testing as required
Corporate Action Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Corporate Action
List any licenses or certifications required by the position: SII/CISI, IAQ/IOC
Education for Corporate Action
Typically a job would require a certain level of education.
Employers hiring for the corporate action job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Economics, Accounting, Business, Financial Services, Associates, Business/Administration, Mathematics, Management, Education
Skills for Corporate Action
Desired skills for corporate action include:
Asset Servicing and a good team player
Corporate events would also be an advantage
MS Office
Cash and Position reconciliation
Fixed Income / Derivative type instruments
Securities instruments/settlements and investment process
Asset Servicing Operations
Corporate action processes
Domestic and international securities
End-to-end corporate action process and well versed with different types of corporate action
Desired experience for corporate action includes:
Perform ad-hoc system testing and participation throughout the discussion and implementation of the initiative is preferred
Experience in dealing with clients and queries
Interpret and process income, mandatory and voluntary corporate actions, payments
Manage periodic fixing and knock in/out events for derivatives reports
Follow up with custodians/counterparties on outstanding entitlements
Minimum 1 year of related working experiences Private Bank or Wealth Management environment
Corporate Action Examples
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Corporate Action Job Description
Job Description Example
Our company is growing rapidly and is looking for a corporate action. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for corporate action
- The applicant will be required to work as part of a team of individuals who will have shared responsibility relating to several key specific clients working to tight deadlines with high transaction volumes
- Work as a team to help strengthen the Trade product to minimise risk and maximise efficiency to facilitate growth
- Investigation of trade discrepancies will be required, this will involve liaison within JPM including Client Services along with external parties involved in the Asset Servicing process such as Transfer Agents, brokers, depositories and other Custodians
- Ensure input to all key metrics as required
- Ensure adherence to global escalation policies, maintain up to date awareness of risk policies and procedures, attest to operational procedures at required intervals and actively comply with ethics and behaviour standards
- Ensuring the timely and efficient handling of the day-to-day corporate actions and income events for the Private Banking Division
- Able to run the projects or ad hoc tasks when business driven
- Extraction of event notifications from agent banks and data vendors
- Notifying Clearing & Settlements and Front Office of upcoming Corporate Action
- Managing positions and client contact throughout the lifecycle of Corporate events
Qualifications for corporate action
- Pre pay date reconciliation & Payment - This requires diligence, accuracy and self-motivation to ensure that risk is controlled and targets are met
- Claims - Liaise directly with clients to ensure exceptions are processed in an accurate and timely manner for all clients who were entitled to a corporate action
- Minimum of 1 year of related working experience in Corporate Action within Private Banking division
- Strong PC skills, particularly Excel and with ability to multi task
- With some asset servicing experience would be most desirable
- Experience in a similar Corporate Actions role with experience in European and equity markets
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Corporate Action Job Description
Job Description Example
Our innovative and growing company is hiring for a corporate action. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for corporate action
- Identification, escalation and resolution of corporate action issues
- Liaison with other Operational areas such as Settlements, Pricing, Data Management and Securities and in Investment Management with the local Portfolio Service Groups
- Timely reconciliation and resolution of income payments to client accounts
- Provide operational support to team members
- Monitor the daily Corp Action activities/proxy service to ensure all events are properly processed within pre-defined cutoff time and timely escalation for irregular cases being detected, if any
- Responsible for various regulatory reporting, QI-1042S, FATCA, CRS, regular or ad hoc reporting to HKMA, SFC, MAS, and other market regulators
- Risk and control review/MIS reporting
- In charge of workflows review and process improvement to drive STP
- Lead Corp Action related projects
- Maintain metrics on the team’s performance including detailed analysis of any processing and system/industry issues
Qualifications for corporate action
- Proven Managerial excellence (3+years)
- Must possess a thorough and methodical approach to the accurate processing of all allocated Corporate Actions
- Ability to work as part of a team or alone to achieve collective goals
- Possess in-depth knowledge of the securities industry
- Ability to independently manage deadlines and multi-task in a fast paced, deadline based environment Demonstrated abilities in problem solving, influencing, and leadership
- Project management experience will be an asset for this position
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Corporate Action Job Description
Job Description Example
Our company is hiring for a corporate action. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for corporate action
- Management of project work and planned events, tracking of action items, data analysis
- Collaborating with AA team on AA strategies and programs
- Reconciles un-exchanged shareholder liabilities for Principal
- On a regular basis requisition securities from external agents, generate and distribute accrued dividend payments, generate and balance liability letters with external agents
- Review corporate actions and make assessment on quality of information available to determine taxability
- Preparation of workpapers to support conclusions
- Communicate findings with internal stakeholders and clients
- Assist the Tax Services group senior management and business partners with the development and redefinition of corporate actions policies
- May handle high volume of telephone, fax, and email inquiries regarding past and current corporate actions from Branch and Home Office associates
- Serving as primary contact point between clients and Internal business partners
Qualifications for corporate action
- Undergraduate or Post Graduate degree in Business/Commerce or Business Administration preferred
- Previous experience within Wealth Management industry is required
- Minimum of 5 years' experience in a senior leadership role
- Clear and effective verbal & written communication
- Consistently seeks process improvement
- Ability to work through challenging tasks independently
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Corporate Action Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of corporate action. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for corporate action
- Researching and resolving inquiries from clients and internal business partners
- The position is required to have a strong understanding of rules & regulations and the impact they have on the business area functions, systems and controls
- Lead and/or serve as a subject matter expert on medium sized business area projects or initiatives
- Train and coaching of associates within or across multiple business areas
- Analyze, research and interpret, complex information utilizing a high degree of industry and regulatory knowledge related to the business area
- Serve as business area floater, generalist or workflow coordinator when business needs arise
- Manage system and information access and authorize user access approvals
- Serve as the business area Records Information Management liaison and/or Business Continuity coordinator
- Frequent communication with home office leaders, large groups of associates, and/or vendors to resolve issues, answer escalated questions and carry out responsibilities
- Quality and accuracy reviews on selected functions within or across the business area
Qualifications for corporate action
- Retain knowledge of multiple systems and processing guidelines
- Data entry and book keeping skills preferred
- Working knowledge of Microsoft tools, including Excel
- Degree holder with more than 8 years hands-on experience on Corp Action/proxy services where at least 5 years in supervisory role
- Knowledge on regulatory requirements for investment products and good understanding of market rule and practices
- Solid experience in handling of FATCA/CRS/QI withholding and reporting
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Corporate Action Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of corporate action. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for corporate action
- Provide detailed analysis of information along with alternative solutions and present recommendations to business area leaders for process or system improvements
- Can perform essential duties of a Corporate Actions Associate
- Leads the initiative on compiling and coordinating the Affirmative Action Plans and all related analysis by Location and/or Business Unit
- Maintains a working knowledge of current statutory requirements which may affect reporting processes/procedures
- Provide information and analysis for government audits
- Prepare and maintain annual government mandated reports (AAP, EEO-1, VETS-100)
- Develops and delivers company-wide Affirmative Action training programs to address current issues
- Partner with Recruitment team on applicant, employment and diversity data as it relates to the AAP and OFCCP
- Compiles and organizes data for survey participation, conducts market analyses to ensure fiscal soundness, analyzes external trends and market competitiveness
- Maintains a working knowledge of current statutory requirements which may affect reporting processes/procedures and compensation policies
Qualifications for corporate action
- Experience on project handling including raising user requirements, UAT and post implementation review
- Experience on Investment products settlement including equities, fixed income, Unit Trust and structured products
- Displays a high level of attention to detail, accuracy and thoroughness
- Bachelor's degree or equivalent experience required or concentration in business, accounting, finance or management are preferred
- Series 7 and 66 required within 12 months of start date required
- 3 or more years of leadership experience required