The Back office Corporate Actions Department services specific clients for both mandatory and voluntary corporate action events. This team deals directly with the clients and with other custodian banks (in addition to Bank of New York Mellon) where clients hold/custody their assets. The group is responsible for managing and controlling high levels of risk and liability inherent in the various functions. The incumbent is responsible for processing both mandatory and voluntary specific corporate actions functions related to international and US securities held (regardless of custodian) for specific Bank of New York Mellon back office clients. S/He is responsible for handling moderately intricate to extremely complex corporate action events for multiple back office clients. Processing responsibilities include the receipt of custodian announcements, the scrubbing/comparison of data, and the notification of corporate action events to a specific client. S/he reconciles client positions with multiple custodians and monitors appropriate posting of accruals and entitlements to client accounts. For all voluntary events, s/he is responsible for soliciting and receiving responses from the clients and for submitting these instructions to the various custodians prior to their deadline dates. S/he will work on multiple Bank of New York Mellon systems, as well as other custodian proprietary online systems, to perform these functions. The incumbent is responsible for adhering to established quality control measures and procedures. S/He will interact daily with clients, non- Bank of New York Mellon custodians, agents, and other internal Bank of New York Mellon business groups including the corporate actions custody and accounting teams. S/He will provide the first level training for new specialists and will assist specialists in handling inquiries. Additionally, s/he will participate in department projects such as identifying system or processing enhancements and off hours system testing. Additionally, s/he may meet directly with the client.
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 & 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.
Client Service Delivery (CSD) brings together BNY Mellon's key operational areas into one global team to better support the company's businesses and serve clients around the world. CSD helps clients to conduct business, service assets, and engage in transactions in 35 countries and more than 100 markets. At every stage of the investments lifecycle - creating, trading, clearing, settling, holding, servicing, managing, distributing and restructuring assets - CSD is working to make BNY Mellon the recognized industry service quality and productivity leader. Client Service Delivery manages investment monitoring, measurement and processing services for our clients. Our solutions include Securities Operations, Fund Administration, Transfer Agency, Outsourcing, Performance Measurement and other related services.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
Primary Location: United States-Pennsylvania-Pittsburgh
Internal Jobcode: PCSD29
Organization: Global Securities Operations-HR06423
Requisition Number: 1515733