Corporate Actions Operations Specialist

Hiring for a major bank: Corporate Actions Specialists to join its Operations group. As a Corporate Actions Specialist, you will manage corporate action events from announcement through to payment for securities held on behalf of the bank's clients.

The team processes a large, steady volume of corporate action events, including mergers, acquisitions, dividends, interest payments, maturities and redemptions, announced through major depositories such as CDS, DTC, BNP and Citi. Each event can affect a large number of client accounts, so accuracy, attention to detail and a strong understanding of the corporate action lifecycle are essential.

There are openings in three functional areas: Corporate Action Notifications, Reorganizations (Mandatory and Voluntary) and Entitlements. You will be matched to one area based on your experience.

Corporate Action Notifications

• Review daily depository bulletins and market announcements


• Interpret event terms and prepare accurate notices to shareholders


• Publish notices for mandatory and voluntary reorganizations, cash dividends, interest events and other corporate actions


• Validate key event details such as dates, ratios, options and deadlines before release


• Identify and escalate discrepancies between depository announcements and internal records

Reorganizations (Mandatory and Voluntary)

• Process mandatory events such as mergers, acquisitions, name changes, consolidations and splits on their effective dates


• Process voluntary events such as tender offers and elections, and track client instructions through to expiry


• Update client positions by removing existing securities and crediting new shares or cash


• Manage multiple events at once in a high-volume, deadline-driven environment


• Reconcile positions and payments and resolve breaks

Entitlements

• Process declared distributions, including cash and stock dividends, interest payments, maturities and redemptions


• Calculate and allocate entitlements to client accounts on Broadridge


• Reconcile payments received from depositories against amounts allocated


• Investigate and resolve payment discrepancies and outstanding items

All Areas

• Extract and reconcile data from Broadridge and internal systems


• Build Excel tools and trackers to support day-to-day processing and resolve ad hoc issues


• Support month-end and peak-volume periods


• Follow control procedures and keep documentation accurate

• 1+ year of hands-on corporate actions experience in notifications, reorganizations or entitlements


• Strong understanding of the corporate action lifecycle, from announcement to payment


• Experience working with depositories such as CDS, DTC, BNP or Citi


• Advanced Excel skills


• Available to commit to the full 12-month contract term


• Legally eligible to work in Canada

Preferred

• 4 to 5 years of corporate actions experience


• Experience with Broadridge


• Background at a Canadian bank, broker-dealer or custodian


• Excel macro / VBA experience


• Exposure to both mandatory and voluntary reorganization processing


• Strong problem-solving skills, a high level of accuracy, and the ability to manage competing deadlines