| Company: | Bank of New York Mellon |
| Date Posted: | 04-16-2009 |
| Location: | Everett, MA |
| Categories: | Bank of New York Mellon Jobs |
Corporate Actions Analyst
Job Description:
The Corporate Actions Department performs both mandatory and voluntary corporate action-related custody and accounting processing requirements in over 65 markets for Bank of New York Mellon s clients. The group is responsible for managing and controlling high levels of risk and liability inherent in the various functions.The incumbent is responsible for reviewing and approving the operational output of specialists to ensure 100% accuracy on corporate actions activity in US and/or Global markets. This may include approving Corporate Action announcements sent to internal/external clients; approving corporate action instructions sent to depositories/custodians/sub custodians/agents/brokers; approving FX (Foreign Exchange) and CM (Currency Movements); and reviewing accuracy of postings to client accounts. Additionally, s/he reviews file folders for completion and compliance with operating procedures and execution of risk controls.S/he works on multiple Bank of New York Mellon systems and is responsible for reviewing various system control reports to ensure completion of critical processing requirements.The incumbent is responsible for researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians, and/or custodians. S/He is also responsible for closing open reconciliation items and assisting specialists with complex recon items.S/He provides the second level training of new specialists. S/He is expected to contribute ideas and recommendations to improve process efficiencies and increase risk mitigation. Additionally, s/he participates in department projects such as system enhancements and off hours testing.
Qualifications:
The qualified candidate will possess a BS/BA degree or the equivalent of 2-4 years work experience in financial services operations, preferably in Corporate Actions. S/He must be extremely detail oriented, organized, and have the ability to work both independently and as part of a team in a fast paced, deadline driven, high-risk environment. Customer Service orientation is a must with excellent writing and verbal communication skills. Experience in proofreading work of others is recommended. Functional proficiency with MS Office (Excel, Outlook, Word) is required along with multi-tasking skills.