Corporate Action Specialist - Firmwide Operations

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 19 Oct 18

Corporate Action Specialist - Firmwide Operations

The NY Asset Department is responsible for the facilitation of a wide range of corporate action events across both Fixed Income and Equity products. The role would be inclusive of managing and controlling high levels of risk and liability inherent in the various functions within the NY Teams remit, which includes voluntary corporate actions, European Listed Derivatives and P&I disbursement management.
The incumbent is responsible for corporate actions functions related to US, Canadian and Latin American Fixed Income and Equity securities. They will be responsible for assisting in the processing complex/high volume corporate action events. This could include the daily interpretation and notification of corporate action events as well as the reconcilement, monitoring, and posting of entitlements to the books and records. They will be responsible for assisting in the soliciting and receiving responses from account clients service teams/Investment Managers and trading assistants and for submitting these instructions to the depositories, agent, and/or brokers prior to established market deadlines. S/he will work on multiple various systems to perform corporate action processing. This includes creating announcements, sending client instructions and posting cash and security transactions. The incumbent is responsible for performing daily reconciliations for cash, security, and suspense transactions as well as adhering to established policies and procedures, responsible for responding to customer (internal and external) inquiries in a timely manner.

Qualifications:

The qualified candidate will possess a minimum of 5 year Corporate Actions experience. They must be detail oriented, organized, and have the ability to work both independently and as part of a team in a fast paced, deadline driven, risk oriented environment. Customer service competency is a must with excellent written and verbal communication skills. Experience using Microsoft Office (Excel, Outlook, Word) is required. The candidate will require the ability to multitask and take ownership of complex issues, be required to meet deadlines as well as be able to work effectively as part of a team. Additionally, good analytical and mathematical skills are needed. Strong skills utilizing DTC (Depository Trust Company ) & Swift messaging for all anticipated voluntary corporate actions is required.
The candidate must also be able to verify information, displays insight, discretion and good judgment in making decisions and highlighting problems to management.