Corporate Actions Senior Associate Team Lead

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, 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 to support 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

The Global Business Operations (GBO) organization 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. 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, such as 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

• Supervises day-to-day activities of a designated team, ensuring strict adherence to procedures and critical timeframes while managing competing priorities.
• Directly manages people, providing ongoing feedback and opportunities to learn through formal and informal methods.
• Identifies training gaps and implements appropriate actions to resolve them.
• Identifies and mitigates risk by understanding department controls and spotting key opportunities, as well as identifying root cause issues.
• Maintains a steadfast focus on meeting the needs of internal and external clients, including responding to inquiries timely and accurately, and resolving issues promptly.
• Resolves exceptions and assists with complex inquiries.
• Understands and applies principles, procedures, requirements, regulations, and policies related to specialized business functions.
• Writes and maintains procedures and job aids, identifying and updating procedure gaps as directed.
• Demonstrates effective communication skills, active engagement in meetings, and displays curiosity to learn and grow; accepts and applies feedback.
• Presents information clearly while speaking in small to mid-sized groups.
• Assists in benchmark tracking, audit follow-up, compliance, and risk management activities.
• Participates in and owns team-impacting projects and initiatives.
• Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately.

Requirements

• Minimum of 6 years of related experience
• Bachelor's degree preferred or equivalent experience

Skills

• Fosters a culture where honesty and transparency are expected.
• Stays current on changes in their specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
• Proactively seeks feedback from others on their performance; provides constructive feedback about behaviors that increase individual and team performance.
• Values the roles and contributions of others, building collaborative teams across the organization.

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.