Job Description

Who we are looking for

This role is responsible for managing the US Voluntary/ Mandatory Processing and review. The team provides a vital role in the Corporate Action value stream, capturing and processing voluntary and mandatory events in the US Market. There is a high degree of risk associated with this position, and risk management skills are critical. The role is based out of Hyderabad, Telangana, and is responsible for the US market, however, there will be close collaboration with our global teams/sites.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen, we need teams like yours to help navigate employees and the organization as a whole. In your role, you will strive for cutting-edge solutions that are straightforward and scalable. You will help us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

- Monitor market corporate action/Income events against the portfolio for Equity, Fixed Income, Mutual/Unit Trust funds and ensure successful processing within accounting systems.

- Working knowledge of Income processing, Interest processing, Tax liability of markets, and tax obligations for clients.

- Analyze, research, interpret, investigate, and process corporate action/Income/Interest terms and conditions according to established policies and procedures.

- Validate actions and prepare daily logs for tracking of events.

- Communicate with internal and external parties to provide corporate action/Income information and relevant deadlines.

- Understand the pricing methodology of equity, fixed income & Unit trust products.

- Analyze the impact of securities trading suspension, delisting, and adjustment factors that impact the overall fund portfolio.

- Daily Reconciliation of the position entitled and the entitlement with custody payments, good understanding of investigation, and resolution of Income Payments on portfolios and Tax related to different markets.

- Research and resolve all breaks – substantiate the breaks by identifying the root cause and solving them, ensuring no controllable breaks are outstanding on the funds.

- Monitor all corporate action/Income inflow of events and publish updates to the team and management.

- Perform intra-day checks and EOD checks for the actions completed or pending and escalate any challenges according to the established procedures to the management.

- Assist in the training of new employees; Act as a technical resource to the team.

- Work effectively as a team member but also independently managing portfolios assigned and establishing effective controls within the process.

- Work towards becoming proficient in all areas of the job, not limited to understanding Income/Corporate actions but must have good working knowledge of tax obligations for clients.

- Work with moderate guidance, accountable for individual results and impact on work group.

- Identify any unusual or potentially suspicious transaction activity and report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

What we value

These skills will help you succeed in this role:

- Strong verbal and written communication skills

- Ability to identify and mitigate key risk factors

- Ability to drive action, attention to detail, and problem-solving skills

- Ability to work with all teams/sites in the Corporate Actions value chain

- Knowledge of Securities Market, experience in booking various corporate action types like DRIPS, DVOPS, Consent, Conversions, Bonus rights, Splits, Tenders, Bids, Exchange offers, etc.

- Knowledge of trade lifecycle of a securities transaction across custody and clearing houses

- Knowledge of Fixed Income and Equity lifecycle

- Knowledge of Bloomberg, Reuters for checking securities pricing, descriptions, corporate action information, corporate news, etc.

Education & Preferred Qualifications

- Bachelor’s degree or equivalent industry-recognized qualification

- 5-7 years’ experience in financial services with minimum 3 years of relevant Corporate Action/Fund Accounting/Income processing experience.