Voluntary Corporate Actions Asset Servicing Team Supervisor Hybrid

Overview

Asset Servicing is a Markets Operations group represented globally across the NAM, EMEA and APAC regions and is responsible for processing Corporate Actions and Income events for Firms and client’s positions. The events and transactions managed include election instructions, reconciliation, and entitlement postings for Voluntary and Mandatory Corporate Actions, Dividends and Income, Proxy, and Conversion events in the Market. The unit provides client-orientated support to both Front & Middle office, as well as the firm’s domestic and international clients.

Our team provides direct support to Prime Brokerage, Firm trading desks, Stock Lending, Repo, and SWAPS for both Equity and Fixed Income.

• Overseeing and leading daily core operations maintaining a culture and environment where processes, risks and controls are continually monitored, and potential risks escalated on a timely basis as well as acting as a point of escalation
• Developing an effective control framework that fully meets Audit, Compliance and Regulatory requirements; delivery of periodic presentations to external regulators as required
• Ensuring the infrastructure and tools are in place to effectively manage risk and service our clients to a high standard

• Provide line oversight of the corporate actions processing functions, from announcement to reconciliation, election, entitlement processing, and break resolution while ensuring all risk is properly managed
• Assist with day-to-day management of processing ad-hoc instructions for conversions, SPAC Splits (detachments), warrants, exchanges, DRS, and legend removals
• Perform key reconciliations and controls to support processing of the corporate action lifecycle and break management; initiate high focus event communications for high risk and complex events
• Manages workflow within the department/ function; entails managing volumes and ensuring work is handled efficiently, acts as SME, handles escalations prior to going to manager, may resolve complex or escalated transactions
• Authorize/approve applicable transactions and work flows
• Assist with researching and resolving open balances connected to the process including coordinating with our relevant desks and counter parties on liabilities or issues
• Manage any email correspondence related to the process, ensure timely responses and proper resolution of open queries
• Develop effective working relationships with both internal and external parties as a result of direct interaction with external Clients, Counter party's, Traders, and Client Executives
• Identify process improvements/breakdowns/control gaps, propose solutions, perform UAT testing, and work with the management/project team to implement across the group
• Collate Manager Control Assessment Sampling
• Identify and manage any risk within the event /process and manage events in various Asset Servicing systems; escalating issues to management
• Responsible for training staff across multiple internal/external systems, markets, products, and processing regions
• Manages procedural manuals and updates as required

• BS/BA degree or equivalent work experience.
• Experience in Tier 1 global financial institutions.
• Possess an expert knowledge across Mandatory and Voluntary Corporate Actions across Equity and Fixed Income products, Domestic and International, including the trade and corporate action life cycles
• Understanding of Stock Record; long/shorts, and various position types including stock lending positions; understanding of Swift MT564/568/566
• Advanced experience level with Excel, Outlook, and experience with web based applications required
• Proven record of accuracy and effective time management and prioritization skills with the ability to work in multiple systems and handle high email and event volumes
• Must be able to work in a high-pressure environment, with conflicting demands and under tight deadlines
• Energetic, flexible, collaborative, and proactive
• Strong, influential communicator who is articulate and concise.

Time Type:
Full time

Primary

Location:

Jersey City, New Jersey, United States

Primary Location Full Time Salary Range:…