Job Description
Who we are looking for
This role is responsible for managing the Income and CA events with a team size of 12-14 members. The team provides a vital role in the Income and Corporate Action value stream which captures and process voluntary and mandatory events in the US/UK and APAC 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 , they will work closely 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
As a Manager (Operations Manager) you will:
- Manage day to day operation of Income events and Voluntary & Mandatory Corporate Action events.
- Manage a team of approximately 10 to 12 full time employees.
- Become a Subject matter expert of the process to be able to guide the team, provide solution and handle escalations.
- Assign workload based on analyst expertise, event complexity, work volume and time sensitivity.
- Calculates entitlements based on corporate actions terms and conditions and processes the requisite adjustments and possible ensuring market transactions in a timely and accurate manner .
- Understand the pricing methodology of equity and fixed income product.
- Analyze the impact of securities trading suspension, delisting and adjustment factors that impact the overall fund portfolio.
- Reconciliation of the position entitled and the entitlement with custody payments.
- Researches and resolves all breaks – substantiate the breaks by identifying the root cause and solving them.
- Monitors all Income & corporate action inflow of the events and publish updates to the team.
- Perform intra-day checks and EOD checks for the actions completed or pending and elevate any challenges according to the established procedures.
- Assists in training of new employees; Act as technical resource to the team.
- Hold team meetings to discuss current group issues and market trends.
- Meet individually with analysts to provide direct performance feedback and address concerns.
- Participate in on-going training and development.
- Identify process improvement opportunities and drive through fruition.
- Review and update SOPs.
What we value
These skills will help you succeed in this role
Primary Skills (Must Have)
- Good communication, organization, problem solving, analytical and prioritization skills
- Team Management
- Knowledge of Securities Market
- Experience in booking various Income events and 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.
- Understands Fixed Income pricing and interest rate calculation.
- Knowledge of Bloomberg, Reuters for checking securities pricing, description, corporate action information, corporate news etc.
- Knowledge of tax rule applied in various markets for corporate actions entitlements.
- Experience in performing securities and cash reconciliation
- Hands on experience in fund accounting that includes corporate actions transaction postings.
Education & Preferred Qualifications
- Bachelor’s degree or equivalent industry recognized qualification. MBA preferred.
- 10 years’ experience in financial services with minimum 3 years of relevant Corporate Action experience.
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