Corporate Actions Analyst

Are you ready to make an impact at DTCC? Work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development. DTCC is at the forefront of innovation in the financial markets and is committed to helping employees grow and succeed.

Pay and Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being

DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

About the Role

Enterprise Services is responsible for all operations and asset services supporting the following DTCC businesses: The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC), Fixed Income Clearing Corporation (FICC) – Government Securities Division (GSD) & Mortgage-Backed Securities Division (MBSD), Wealth Management Services (WMS), Insurance & Retirement Services (I&RS), Solutions Operations - Global Market Entity Identifier (GMEI), and Global Service Bureau (GSB).

GBO's mission is to provide the securities industry with superior operations processing and client services support in an environment that minimizes risk and cost while maximizing efficiency.

Corporate Actions Processing areas announce and process all asset servicing events associated with DTC-eligible securities and respond to client inquiries on the same. Due to the scope of event types and their volume, Corporate Actions is organized into the following business units:

• Principal and Income (P&I): Includes cash distribution events such as dividends, interest, and pro-rata principal, as well as redemption events such as partial and full calls, and maturities.
• Stock Dividends: Includes stock distribution events such as forward stock splits, spin-offs, rights distributions, as well as processing dividend reinvestment instructions on behalf of DTC's clients.
• Dividend International Services (DIS): Includes optional services to investors such as events with foreign currency options and "at-source" tax relief.
• Global Tax Services: Performs processing associated with the classification, withholding, remittance, and reporting of US-sourced income to the IRS, and year-end reporting to the IRS on behalf of DTC, NSCC and FICC.
• Mandatory Reorganization: Includes cash and stock events such as mergers, reverse splits, name changes and bankruptcies where there is no decision to be made by an investor.
• Voluntary Reorganization: Includes cash and stock events where an investor has a decision to make. These events include tenders, mergers with election, election of rights and warrants, exercise of convertible securities and processing securities with put features.
• P&I Event Reconciliation Support (PIERS): Identifies, researches, and resolves residual payment discrepancies associated with P&I Events; performs monitoring and reporting on P&I cash and securities accounts, as well as handles claims to and from issuers and agents.

Responsibilities

• Monitors and controls reconciliation of all tax adjustments to the collected funds.
• Updates tax tables allowing proper withholding on all security types as well as the various tax components including Section 302, Section 305(c) and 871(m) Reporting/Withholding.
• Ensures that tax funds are remitted to the IRS according to the IRS-imposed schedule.
• Prepares and reconciles the Asset Services Division 1042-S and 1042 forms and provides the 1042 for filing.
• Manages the process of 2439 reporting and W-9 compliance.
• Executes on operational processes by following documented procedures and job aides; makes suggestions on improving process and efficiency.
• Processes specialized workflows, resolves exceptions, assists with complex inquiries.
• Takes ownership of workload, ensures deliverables are met in line with procedures, metrics, and benchmarks while adhering to critical timeframes; manages competing priorities.
• Maintains a steadfast focus on client service, including responding to inquiries timely and accurately, resolving issues promptly.
• Builds and maintains strong relationships with internal and external stakeholders to facilitate issue resolution, process improvements, and risk reduction.
• Demonstrates effective communication skills, active engagement in meetings, and displays a curiosity to learn and grow; accepts feedback and applies it to the role.
• Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately.

Requirements

• Minimum of 2 years of related experience
• Bachelor's degree preferred or equivalent experience

Skills

• Collaborates well within and across teams
• Communicates openly with team members and others
• Works with the team to review deliverables and ensure quality and accuracy
• Adheres to established rules and procedures when performing work

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations.