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Associate, Corporate Actions II
2-4 years
₹ 5 - 8L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Pune
1 vacancy
Associate, Corporate Actions II
BNY
posted 1mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- 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.
- No direct reports but may provide guidance to less experienced team members.
- May have people management responsibilities in some geographies. Contributes to the achievement of team goals and objectives
To be successful in this role, we re seeking the following:
- Bachelors degree or the equivalent combination of education and experience is required.
- 5 plus years of total work experience preferred.
- Experience in financial services or corporate actions preferred.
- Applicable local/regional licenses or certifications as required by the business.
At BNY, our culture speaks for itself. Here s a few of our awards:
- America s Most Innovative Companies, Fortune, 2024
- World s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion , Disability: IN - 100% score, 2023-2024
- Most Just Companies , Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg s Gender Equality Index (GEI), 2023
Employment Type: Full Time, Permanent
Read full job descriptionBNY Interview Questions & Tips
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What people at BNY are saying
Rating based on 69 Associate
reviews
Anonymous · Software Development
in Pune
Likes
Everything is good except there are lot of legal stuff involved and you will be bounded.
Dislikes
You will not be able to work on cutting edge immediately, maybe not able to experiment with technologies a lot.
Read 69 reviewsAssociate salary at BNY
reported by
840
employees
₹4
L/yr - ₹15
L/yr
13%
more
than the average Associate Salary in India
View more details
What BNY employees are saying about work life
based on 3.8k employees
Flexible timing
Monday to Friday
No travel
Day Shift
BNY Benefits
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