avp corporate actions and income processing

at  Digby Morgan

summary

• city of london, london
• contract
• specialismfinancial services
• sub specialismoperations & middle office
• reference numberPR-1244713

job details

WORK EXPERIENCE

Essential:
 3+ years’ experience in a Corporate Actions and Income Processing related role, preferably within the IB
segment of Financial Services.
 Able to demonstrate a detailed understanding of the front to back processing flows across mandatory and
voluntary events.
 Experience of automating Corporate Actions and Income processes would be beneficial.
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003
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WORK EXPERIENCE

Essential:
 3+ years’ experience in a Corporate Actions and Income Processing related role, preferably within the IB
segment of Financial Services.
 Able to demonstrate a detailed understanding of the front to back processing flows across mandatory and
voluntary events.
 Experience of automating Corporate Actions and Income processes would be beneficial.
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003
show more
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SKILLS

cass
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EDUCATION

university

MAIN PURPOSE OF THE ROLE

This role sits within the Corporate Actions and Income Processing team where the successful candidate will assist the team in being responsible for the processing of Income events across global markets on Equities
and Debt Securities.

KEY RESPONSIBILITIES …

 Responsible for the front to back processing of all proprietary Income events (Coupons and Dividends),
as well as covering the voluntary Corporate Actions (incl Optional Dividends) when required.
 Ensuring that all BAU processes are performed in an efficient, accurate and timely manner.
 Applying a risk-based approach to processing in order to avoid control breaches and operational losses.
 Building and maintaining positive and collaborative relationships with the Front Office in order to ensure
internal service levels are being met.
 Daily cash reconciliation ensuring transparent break reporting and resolution. Chasing counter parties to
ensure outstanding cash items are kept to a minimum.
 Dealing with counter parties to obtain Income claims and payment confirmations.
 Understanding WHT implications for each market and ensuring expected entitlements are in line with DTT
rates.
 Prompt escalation to management of any potential issues as and when identified.
 Working closely with other internal departments, including Front Office, for the management of specific
trades with sensitive clients.
 Liaising with the Settlements to team to ensure good settlement of any open trades over key dates.
 Identifying trades that are subject to auto-compensation and updating internal flows accordingly.
 Strict adherence to the CASS rules regarding client money segregation.
 Identification of process improvements, both tactical and strategic, and ensuring the improvements are
communicated and adopted across the team.
 Ensuring procedures are reviewed and updated on a regular basis.
 Assisting in Audit, SOX and other regulatory reviews of the department, and the closing of any open
action items.
 Providing periodical MIS to management.
 Ad-hoc project work as and when required, including UAT and regression testing.

MAIN PURPOSE OF THE ROLE

This role sits within the Corporate Actions and Income Processing team where the successful candidate will assist the team in being responsible for the processing of Income events across global markets on Equities
and Debt Securities.

KEY RESPONSIBILITIES

 Responsible for the front to back processing of all proprietary Income events (Coupons and Dividends),
as well as covering the voluntary Corporate Actions (incl Optional Dividends) when required.
 Ensuring that all BAU processes are performed in an efficient, accurate and timely manner.
 Applying a risk-based approach to processing in order to avoid control breaches and operational losses.
 Building and maintaining positive and collaborative relationships with the Front Office in order to ensure
internal service levels are being met.
 Daily cash reconciliation ensuring transparent break reporting and resolution. Chasing counter parties to
ensure outstanding cash items are kept to a minimum.
 Dealing with counter parties to obtain Income claims and payment confirmations.
 Understanding WHT implications for each market and ensuring expected entitlements are in line with DTT …
rates.
 Prompt escalation to management of any potential issues as and when identified.
 Working closely with other internal departments, including Front Office, for the management of specific
trades with sensitive clients.
 Liaising with the Settlements to team to ensure good settlement of any open trades over key dates.
 Identifying trades that are subject to auto-compensation and updating internal flows accordingly.
 Strict adherence to the CASS rules regarding client money segregation.
 Identification of process improvements, both tactical and strategic, and ensuring the improvements are
communicated and adopted across the team.
 Ensuring procedures are reviewed and updated on a regular basis.
 Assisting in Audit, SOX and other regulatory reviews of the department, and the closing of any open
action items.
 Providing periodical MIS to management.
 Ad-hoc project work as and when required, including UAT and regression testing.