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Specialist, Assets Services Services
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- Responsible for daily monitoring and processing of Corporate Actions processes covering Domestic and Regional and International Market for both mandatory and voluntary specific corporate actions functions of diverse products like equities mutual funds , fixed income , hedge fund , structured funds , ETF and ensuring highest quality of client service delivery as per international standards.
- Responsible for handling moderately intricate to extremely complex corporate action events across Local, Regional, International Markets. Processing responsibilities include the receipt of market / sub custodian announcements, the scrubbing/comparison of data, and the notification of corporate action events to client. Reconciliation of client positions with respective sub custodians and markets and monitors appropriate posting of accruals and entitlements to client accounts. For all voluntary events is responsible for soliciting and receiving responses from the clients and for submitting these instructions to the respective sub custodians / markets / agents / processing bank prior to their deadline dates.
- Communicate with many entities Clients, Counter parties, Markets, Sub Custodians , Regulators, Companies, Brokers, Paying Agents, Issuers covering Local, Regional, Global Markets, related to corporate actions process, support Due Diligence visits linking to corporate actions process.
- The incumbent is responsible for adhering to established quality control measures and procedures.
- Responsible to provide the first level training for new specialists and will assist specialists in handling inquiries.
- Active participation in understanding the Operating module, including Securities Lending and Borrowing transactions, that are large in value and complex in nature, ensuring their successful corporate actions processing, avoiding loss and penalties to the bank and clients that could cause the bank Reputational, Financial and Operational Risk.
- Current offering of Department: Position Management, Security/Cash Settlement, Corporate Actions, Reporting, Invoicing, Reconciliation, Swift, Market Security Movement, Cash Management, Project Support, Proxy Services, Tax Reclaims, Income Management. Planned expansion into support of Securities Lending, Client Short Selling, Network Management Support, Claim Management and other services.
- Specialist will participate in section related projects such as system upgrade / changes, processing enhancements and off hours system testing.
- Active participation in implementation of corporate actions processing related to New clients SLA and SLD, Sub Custodian SLA, New Functions, Products, Market Rules Regulations and Procedures with relevant controls to provide highest level of client delivery.
- Tracking of other custodian's offering in line with International best practices with clear understanding of client's requirements, adapting to rapidly changing business environment and client's requirements.
- Responsible to coordinate and work with various internal departments and external entitles and concerned persons as an integral part related to participation in Projects in order to Reengineer the process for excellence client delivery and reduce manual activities.
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