Corporate Actions - IC3 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. Meets with organizational units/teams to ensure corporate action events are being addressed appropriately. Determines impact of moderately complex events and disseminates information regarding event to investors and client accounts. Integrates in-depth area knowledge with a solid understanding of industry standards and practices to provide client solutions. 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 complex corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and, posting online cash and security transactions. Participates in the development of documentation that is circulated to the market. Serves as a resource for less experienced staff, expected to have a strong 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 related teams objectives.
Qualifications Bachelors degree in a related discipline or the equivalent combination of education and experience is required. 5-7 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.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-Pennsylvania-Pittsburgh
Internal Jobcode: 70450
Job: Asset Servicing
Organization: MOCSD Service Delivery-HR17225
Requisition Number: 1818381