Senior Specialist, Corporate Actions

About the role

The Senior Specialist, Corporate Actions role at BNY is located in Jersey City, NJ. This role involves:

• Making sure all necessary corporate action events are processed correctly.
• Managing risks and ensuring accurate reconciliations and client reporting.
• Working closely with different teams to address corporate action events.
• Ensuring timely dissemination of information about corporate action events to investors and clients.
• Providing solutions based on in-depth knowledge of corporate actions and industry standards.
• Reviewing and verifying cash reconciliations, security and suspense transactions, and adhering to quality control measures.
• Responding to inquiries from various internal and external stakeholders.
• Using multiple systems to process complex corporate actions, including creating and scrubbing announcements, sending instructions to third parties, and posting transactions.
• Contributing to the development of documentation that is shared with the market.
• Offering guidance and support to less experienced team members.

Responsibilities

As a Senior Specialist, Corporate Actions, you will:

• Manage and control high levels of risk and liability in corporate action functions.
• Ensure compliance with custody and accounting processing requirements.
• Work with organizational units to address corporate action events appropriately.
• Determine the impact of moderately complex corporate action events and communicate this information to relevant parties.
• Integrate in-depth knowledge of corporate actions with industry standards and practices to provide solutions to clients.
• Review and verify cash reconciliations, security and suspense transactions, and adhere to established quality control measures.
• Respond to inquiries from internal business groups, depositories, agents, brokers, clients, investment managers, sub-custodians, and custodians.
• Use 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.
• Participate in the development of documentation that is circulated to the market.
• Serve as a resource for less experienced staff, providing a strong understanding of all corporate action procedures, events, and market practices.

Requirements

• Bachelor’s degree in a related field or equivalent work experience preferred.
• At least 5-7 years of total work experience, preferably in financial services or corporate actions.
• Strong understanding of the corporate action lifecycle, particularly voluntary reorganizations.
• Applicable local/regional licenses or certifications as required by the business.

Qualifications

• Strong communication and problem-solving skills.
• Ability to manage multiple tasks and prioritize effectively.
• Proficiency in using relevant software and systems.
• Excellent attention to detail and accuracy.
• Ability to work independently and as part of a team.

Skills

• Knowledge of corporate actions and industry standards.
• Strong analytical and decision-making skills.
• Effective communication and interpersonal skills.
• Ability to handle confidential and sensitive information.
• Experience with financial services and corporate actions.

Benefits

At BNY, we offer:

• Competitive compensation packages.
• Comprehensive benefits including medical, dental, vision, and life insurance.
• Paid time off including vacation and sick leave.
• Flexible global resources and tools for personal and professional development.
• Health and wellness programs.
• Volunteer time off.
• Equal opportunity employment.

Pay

The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

Schedule

The Senior Specialist, Corporate Actions role is full-time and permanent.