Senior Associate responsible for the daily processing of the firm's dividends and corporate actions responsibilities.
-Daily notification to trading groups and our clients of upcoming cash and stock dividends, and corporate actions information. Communication is transmitted via e-mail and through the XCITEK XSP application.
-Processing of executed stock and cash movements related to dividends and corporate actions. Processing is done through the FIS Phase3 accounting system.
-Daily transmittal of our intentions through DTC. Tasks within DTCC include knowledge of DTC CA WEB, CLAIMCONNECT, EDS, SDAR, Liability notice (180 Letter) and DTC Portal functionality.
-Ongoing communication with trading desks and our clients on updates during the life cycle of an active Voluntary and Mandatory reorganizations, including stock splits, name changes, tender offers, etc.
-Daily reporting and communication on international stock and cash dividends. Liaise with local market agents overseas (Euroclear & Clearstream) Must be knowledgeable of tax treaties on foreign dividends and local market processing
-Must be familiar with dividend processing related to securities lending and ADR/ORD conversions
-Must be familiar with dividend claim processing for International stock borrow/loan contracts
-Back-up to other departmental members and security master/static data setup responsibilities.
-Candidate must have at least 5 or more years experience relating to the processing of cash and stock dividends and corporate actions events. Must be well aware of time restrictions and local market practices
-Must have knowledge of DTCC and the associated functionality that pertains to dividends and corporate actions elections. Knowledge of FIS Phase3 and XCITEK XSP applications beneficial
-Extensive verbal and electronic correspondences as many of our clients are based outside of the U.S.
-Must be a self-starter, with excellent problem solving skills and be able to work under pressure.
-Possess strong written/oral communication skills. Proficient in Microsoft Word, Excel, Powerpoint.
-Knowledge of Sungard FIS /Phase3 processing system beneficial.
Management and Reporting
-Reporting to management of positions in inventory and operational suspense account.
-Daily reporting of aged outstanding dividends payments
-Reporting on exposure on voluntary offerings .
Qualifications/Education Required
- FINRA Series 99 (Desired)
Experience Required:
- 5 or more years' experience relating to domestic fixed income trade support/ P&S (Essential)
- Knowledge of FIS Phase3 system & STN (Desired)
Skills & Knowledge Requirements:
- General knowledge of the following systems: DTCC, Fed-wire, Euro clear (Essential)
-Knowledge of Sungard/Phase3 processing system (Desired)