Voluntary Corporate Actions Associate/ AVP - Corporate - Operations

  • Competitive
  • Jersey City, NJ, USA
  • Permanent, Full time
  • Jefferies
  • 19 Apr 19

Voluntary Corporate Actions Associate/ AVP - Corporate - Operations

Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York, with offices in over 30 cities around the world, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, as well as wealth and asset management. The firm provides a full range of investment banking services including underwriting, mergers and acquisitions, restructuring and recapitalization, and other advisory services across the Americas, Europe and Asia. Jefferies is a wholly-owned subsidiary of Jefferies Financial Group (NYSE: JEF), a diversified holding company.

GROUP DESCRIPTION :
The Corporate Actions Group within Operations manage the lifecycle of Voluntary & Mandatory Reorganizations, Redemptions, Dividends, Principal & Interest, Proxy, and Class Actions.

POSITION: The Corporate Actions Group is seeking an experienced individual for our Jersey City, NJ office to perform the below responsibilities for Voluntary Corporate Actions on issuers of the Americas. Such Voluntary Corporate Actions include Rights Offerings, Warrant Exercises, Exchange Offerings, Tender Offerings (inclusive of Dutch Auctions & Bid Tenders), Consent with fees, exercises of Dissent/Appraisal Rights, and expiring Conversions.

PRIMARY RESPONSIBILITIES:

  • Validate depository/agent announcements on Voluntary Corporate Actions
  • Notification of offer terms to the Middle Office, Prime Brokerage client representatives, & Wealth Management client representatives
  • Liability exchanges with counterparties on securities lending and fails
  • Streetside consolidation of positions to minimize liabilities
  • Coordination & partnership with the London Reorg team on securities dually eligible in DTC & Euroclear
  • Instruction reconciliation
  • Instruction submission
  • Payment reconciliation
  • Entitlements processing
  • General Ledger reconciliation and reporting
  • Client inquiry research and resolution


Qualifications


REQUIRED BACKGROUND:
  • Bachelor degree from an accredited college or university AND 5+ years of Voluntary Corporate Actions processing experience at a broker-dealer.
DESIRED SKILLS:
  • Excellent written and verbal communication skills
  • Detail-oriented with exceptional critical thinking and problem-solving abilities
  • Knowledge of other Corporate Action events (i.e., Mandatories, Redemptions, Dividends, P&I, Proxy, and Class Actions)
  • Knowledge of BPS, DTC PBS/CA WEB/Settlement Web