Associate, Corporate Actions II

at  BNY Mellon

Overview
Associate II
Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world’s top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.
With 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
We’re seeking a future team member for the role of Associate II to join our Corporate Actions team. This role is located in Manchester, UK and will be working on a hybrid capacity.(3 days a week in the office).

EMPLOYER DESCRIPTION:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world’s financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It’s the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers

IN THIS ROLE, YOU’LL MAKE AN IMPACT IN THE FOLLOWING WAYS:

Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing requirements, such as dividend payments, reorganization/proxy, bond redemption, etc. Also responsible for managing and controlling high levels of risk and liability inherent in the various functions and for reconciliation activities, client reporting and proration on transactions.
Responsible for proactively recognizing, researching and processing moderately intricate mandatory and voluntary corporate action events. Responsibilities include the daily interpretation, monitoring, scrubbing and notification of complex corporate action events in the global market as well as the reconcilement, monitoring and posting of entitlements to client accounts. Balances entitlements and processes liability notices, dividend and interest payments, and class action suits. Determines impact of events and disseminates information regarding event to investors and client accounts.
Responsible for identifying root causes in monthly reviews and developing corrective actions.
Responsible for reviewing cash reconciliations, security and suspense transactions reviews adhering to established quality control measures and procedures.
Responsible for researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians and/or custodians.
Works on multiple systems to perform corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and, posting online cash and security transactions. May participate in the development of documentation that is circulated to the market.
Serves as a resource for less experienced staff, expected to have an understanding of all corporate action procedures, corporate action events and market practices.

TO BE SUCCESSFUL IN THIS ROLE, WE’RE SEEKING THE FOLLOWING:

Bachelor’s degree in a related discipline or the equivalent combination of education and experience is required.
Experience in financial services or corporate actions preferred. Applicable local/regional licenses or certifications as required by the business.
Attention to detail
Ability to work efficiently and to sensitive deadlines
Good communications skills, both written and oral
At BNY Mellon, our inclusive culture speaks for itself. Here’s a few of our awards:
Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion, 2023
Bloomberg’s Gender Equality Index (GEI), 2023
Human Rights Campaign Foundation, Corporate Equality Index, 2023
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2023
Forbes Blockchain 50, 2023