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Sr. Corporate Actions Associate

1 month ago


Miami, United States Velox Clearing Full time

Sr. Corporate Actions Associate Job Description:

The Sr. Corporate Actions Associate will play a pivotal role in the daily operations of our clearing firm, focusing on the accurate post-trade processing of mandatory and voluntary corporate actions. The ideal candidate will have substantial experience in processing corporate actions for a self-clearing or correspondent clearing broker-dealer, or equivalent transferable experience and knowledge of corporate actions, DTC, and post-trade settlement processes. The team member will collaborate closely with internal teams and external stakeholders to maintain operational excellence and meet regulatory requirements.


Key Responsibilities:

Corporate Actions Processing and Reconciliation:

  • Post-trade processing of mandatory corporate actions such as dividend payments, stock splits, and mergers.
  • Handling voluntary corporate actions including tender offers and warrant exercises.
  • Perform daily position and balance reconciliation for wash accounts to ensure accuracy.
  • Prepare daily reconciliation for fail cash related to corporate actions and resolve issues promptly.
  • Reconcile stock record vs control location position breaks daily.

Physical Certificates Management:

  • Monitor the return of physical certificates to safeguard assets and ensure regulatory compliance.

Proxy and Prospectus Delivery Management:

  • Manage e-delivery vendor relationship, data pipeline, and exception reporting to ensure compliance with proxy and prospectus delivery requirements.

Reporting and Documentation:

  • Prepare daily operations reports and address any issues identified during the process.
  • Identify positions requiring segregation as fully paid and ensure compliance with regulatory requirements.
  • Prepare suspense account reconciliation and identify items for write-offs as necessary.
  • Submit daily reports and reconciliations for review to the Position Management Lead to ensure accuracy for subsequent manager approval.

Other Duties:

  • Provide coaching and feedback to staff to foster professional development.
  • Perform daily reconciliation, investigation, and clearance of suspense accounts.


Qualifications:

  • Series 99 preferred.
  • 2-3 years of experience in clearinghouse operations or related financial services industry.
  • Strong understanding of financial markets, products, and regulatory requirements.
  • Proficiency in reconciliation processes and tools.
  • Knowledge of Broadridge software preferred.
  • Excellent analytical skills with a keen attention to detail.
  • Effective communication and interpersonal skills.
  • Ability to work under pressure and meet tight deadlines.
  • Strong problem-solving abilities and ability to work independently.
  • Proficiency in SQL, Excel, and relevant financial software applications.