Specialist, Equity Research/Fixed Income

Grade Level (for internal use):

Department overview

S&P Global Managed Corporate Actions (MCA) service is a best-in-class centralized source of validated corporate action announcements. Managed Corporate Actions provides a centralized source of validated corporate action data for nearly three million equities, fixed income and structured securities, across more than 170 countries and territories. As financial firms face a deluge of raw information on corporate actions, the risks and costs associated with acquiring and managing this data is higher than ever. An investment decision based on poor data quality, in terms of both accuracy and timeliness, can have enormous ramifications, with potential exposure running into the millions of dollars.

Managed Corporate Actions provides unlimited access to corporate action data and allows clients to view full details in real time, including event-level data, dates, options, terms and conditions and restrictions. Managed Corporate Actions offer access to a variety of data vendors through our platform, allowing clients the flexibility to select the vendors they want to work with, which can provide them further control over data costs. The Managed Corporate Actions team validates data through an intricate and precise process of consolidating, researching and validating announcement information. Through this validation process, we enhance vendor records and resolve conflicting information to provide clients with a single golden corporate action record.

Managed Corporate Actions drives to reduce operational risk and lower cost of ownership through the provision of shared industry services for buy side and sell side firms, central banks, regulators, auditors and insurance companies. 

Position summary

The Corporate Actions Data Operations team is responsible for corporate actions validation operations, customer support and new client onboarding, vendor management, quality control, and strategic support for new product initiatives.

The Corporate Actions Validation Data Operations team monitors domestic and international corporate actions announcements from the point of notice of inception and conducts a stringent cleansing process. Managed Corporate Actions receives information from vendor feeds, and the global operations team of corporate actions experts' researches and enriches records to produce validated corporate actions composite records for clients to pass notification on to their clients to take investment decisions and allocate entitlements that result from the event.

The Corporate Actions analyst leverages unique knowledge of local market practices and corporate action event nuances to conduct research to enrich the information that is passed on to clients.  The Corporate Actions analysts are responsible for using discretion and subject matter expertise to ensure that the state of each composite record clearly and accurately defines the terms of the corporate action in order for clients to correctly pass notification on to their clients to conduct investment decisions and to correctly allocate entitlements resulting from the corporate action.  The successful candidate is expected to be highly intellectual, research focused and attentive to detail in order to be able to leverage his or her knowledge of local market practices and event specifics to gather findings and make decisions that could potentially have a significant monetary impact on downstream clients.

Key functions include research and analysis to correctly validate the accuracy of announcement publication initiated by information received from suppliers.  This involves leveraging knowledge and expertise to determine the correct sources for the most comprehensive information, interfacing with agents, investor relations, and clients to investigate scenarios that are often unique and require significant investigation to reach a correct answer.  The analyst role involves substantial contact with clients, who often request additional information and explanations from analysts around Markit’s decisions and guidance on how to handle and interpret specific corporate actions.

Duties & accountabilities

• Review corporate action announcements and conduct research to obtain details required to validate and complete announcements for publication of composite records to clients
• Conduct research leveraging various sources, including prospectuses, information circulars, exchanges and bulletins, internet search engines and websites in conjunction with individual comprehension to successfully validate corporate action information
• Interface with Domestic and Foreign Paying/Transfer/Information Agents, Vendors, Custodians, Banks, Exchange Officials, to obtain corporate action specifics
• Review and validate event notification received from agents against issuer golden copy
• Reconcile with issuer golden copy by directly liaising with custodians/agents
• Validate information for the clients as per the SWIFT messages received from the agents and ensuring notification is sent with all key dates, details, options deadlines and the options available for elections.
• Liaising with MO, agent banks, cash management and the counterparty to ensure all issues are resolved in a timely and efficient manner
• Escalate unresolved discrepancies to clients and escalation managers
• Review daily exception reports; research and resolve exceptions to ensure accurate outcome for clients to avoid risk of significant monetary penalties
• Ensure quality control; review reports, research and deliver feedback to teammates to improve quality of manually validated corporate actions through experience and subject knowledge
• Collaborate with local leadership to identify training needs among the team, author training plans and documentation; deliver training to local team
• Contribute input to develop/modify procedures and controls
• Collaborate with local and global teams to improve procedures and identify and implement opportunities to realize efficiencies and improve quality for a better downstream product
• Conduct user acceptance testing and special projects in partnership with teammates in other locations and with local technology counterparts
• Respond to daily customer inquiries over email and the phone, citing specific research, providing guidance around interpretation, explaining judgment calls, and delivering system training
• Understand clients, how they consume Managed Corporate Actions, and strive to improve the service accordingly
• Understand Service Level Agreements (SLAs) and their impact on revenue and operations
• Support projects and design and implement processes that lead to strategic change
• Ensure integrity of security reference data from clients and vendors, and corporate actions data sourced from vendors  

About S&P Global Market Intelligence
At S&P Global Market Intelligence, a division of S&P Global we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.
For more information, visit www.spglobal.com/marketintelligence.

What’s In It For You?

Our Purpose:

Progress is not a self-starter. It requires a catalyst to be set in motion. Information, imagination, people, technology–the right combination can unlock possibility and change the world.
Our world is in transition and getting more complex by the day. We push past expected observations and seek out new levels of understanding so that we can help companies, governments and individuals make an impact on tomorrow. At S&P Global we transform data into Essential Intelligence®, pinpointing risks and opening possibilities. We Accelerate Progress.

Our People:

We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.
From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. We’re constantly seeking new solutions that have progress in mind. Join us and help create the critical insights that truly make a difference.

Our Values:
 

Integrity, Discovery, Partnership

At S&P Global, we focus on Powering Global Markets. Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.
Benefits:

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.
Our benefits include: 

• Health & Wellness: Health care coverage designed for the mind and body.

  
  

• Flexible Downtime: Generous time off helps keep you energized for your time on.

  
  

• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.

  
  

• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.

  
  

• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.

  
  

• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

  
  

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

Diversity, Equity, and Inclusion at S&P Global:
At S&P Global, we believe diversity fuels creative insights, equity unlocks opportunity, and inclusion drives growth and innovation – Powering Global Markets. Our commitment centers on our global workforce, ensuring that our people are empowered to bring their whole selves to work. It doesn’t stop there, we strive to better reflect and serve the communities in which we live and work, and advocate for greater opportunity for all.
 

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Equal Opportunity Employer

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law.  Only electronic job submissions will be considered for employment. 

If you need an accommodation during the application process due to a disability, please send an email to: EEO.Compliance@spglobal.com and your request will be forwarded to the appropriate person. 

US Candidates Only: The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law.

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