Middle Office - Assistant Manager

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 which captures and process 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 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

• 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 or hands on knowledge on Income processing , Interest processing , Tax liability of markets and tax obligations on clients.
• Analyses, research and interpret investigate and process corporate action/ Income/ Interest terms and conditions according to established policies and procedures.
• Validate the actions and prepares daily logs for tracking of events.
• Communicates 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 on investigation , resolution of Income Payments on portfolios and Tax related to different markets.
• Researches and resolves all breaks – substantiate the breaks by identifying the root cause and solving them with ensuring no controllable breaks outstanding on the funds.
• Monitors all corporate action/ Income inflow of the events and publish updates to the team and management.
• Perform intra-day checks and EOD checks for the actions completed or pending and elevate any challenges according to the established procedures to the management.
• Assists in training of new employees; Act as technical resource to the team.
• Works effectively as a team member but also independently managing portfolios assigned and establishing effective controls within the process.
• Working towards becoming proficient in all areas of the job not limited to understanding only of Income / Corporate actions but must have good working knowledge on tax obligations of clients.
• Typically works with moderate guidance, accountable for individual results and impact on work group.
• During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating 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, Problem solving
• 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, description, 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.