Assistant Manager, Corporate Actions

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Contributes to the overall success of the Asset Services – Corporate Action Processing team in Toronto, Canada for Global Wholesale Operations ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The assistant manager of Asset Services – Corporate Action Processing is responsible for the day-to-day processing of Corporate Action events from balancing events, compiling client and counter party instructions, submitting elections at the depositories and ensuring the payments are processed accurately at the time of payment taking account of tax consequences that could affect the payment.

Ensures all activities conducted follow governing regulations, internal policies, and procedures.

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Daily interpretation of notification of Corporate Acton Events.
• Reconciliation of books and record positions on multiple internal systems and depositories.
• Liaise with counter parties on deadlines, elections, liabilities, and payment processing.
• Process all voluntary instructions on a timely and accurate basis.
• Monitor, calculate and process daily payments.
• Confirm all payments were processed correctly, balance general ledger and adjust out of balances.
• Problem solve unusual discrepancies including identifying the cause of the problem and what is required to prevent recurrence.
• Maintain strong relationships with the trading desks, operations teams, and all support groups.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champions a high-performance environment and contributes to an inclusive work environment.

• Post-Secondary degree or diploma.
• Subject matter expert well versed in the entire lifecycle of all Voluntary Corporate Action Events.
• In depth knowledge of CDS platform.
• Track record of strong reconciliation and analytical skills.
• Strong Excel Skills (must be comfortable with pivot tables and V Lookups).
• Broadridge BPS experienced user.
• Experience with foreign depository, custodian Corporate Action processes and procedure (BNP, HSBC, Clearstream, Euroclear).
• In depth knowledge of DTCC platform (CA Web/smartrack).
• Familiar with Swift Corporate Action messaging.
• Understanding of Tax regarding Corporate Actions events (Section 302, etc).

• Work in a standard office-based environment; potential of hybrid model non-standard hours are a common occurrence.
• Work volumes are subject to market volatility and can therefore swing to the extreme. Critical deadlines must be met to avoid the potential for substantial losses. Processing accuracy is of paramount importance as any errors can result in substantial losses. Pressure situations are frequent and market dependent.
• Significant pressure is frequently encountered due to potential for significant loss or client disruption and tight processing deadlines set by the industry.
• Priorities are subject to constant change and multiple high priority issues are common.
• The department is subject to a very high rate of change. Change regularly outpaces Asset Servicing’s ability to define policies, procedures, and systems in support of the high degree of change. Ongoing integration also creates pressure situations. Multiple internal clients equate multiple…