Voluntary Corporate Action Asset Servicing Intermediate Associate Analyst Hybrid
Citi, Hawthorne, New Jersey, us, 07506
Overview
Asset Servicing is a Markets Operations group represented globally across the NAM, EMEA and APAC regions and is responsible for processing Corporate Actions and Income events for Firms and client’s positions. The events and transactions managed include election instructions, reconciliation, and entitlement postings for Voluntary and Mandatory Corporate Actions, Dividends and Income, Proxy, and Conversion events in the Market. Our team provides direct support to Prime Brokerage, Firm trading desks, Stock Lending, Repo, and SWAPS for both Equity and Fixed Income.
The Asset Serv Intmd Assoc Analyst is a developing professional role which integrates in-depth specialty knowledge with a solid understanding of industry standards and practices; demonstrates good understanding of how the team and area integrate with others in accomplishing the objectives of the subfunction/ job family. Applies analytical thinking and knowledge of data analysis tools and methodologies. Breaks down information in a systematic and communicable manner. Developed communication and diplomacy skills are required in order to exchange potentially complex/sensitive information. Moderate but direct impact through close contact with the businesses\' core activities. Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams.
Responsibilities
Process Voluntary & Choice Corporate Action events for US, Canadian, and Latin American securities
Process ad-hoc instructions for conversions, SPAC Splits, warrants, exchanges, DRS, and legend removals
Perform key reconciliations and controls to support processing of the corporate action lifecycle and break management
Ensure timely handling of notifications, elections, entitlement calculations, and follow through with the applicable outturn bookings
Identify and manage any risk within the event/process and manage events in various Asset Servicing systems; escalating issues to management
Research and resolve open balances connected to the process including coordinating with our relevant desks and counterparties on liabilities or issues
Manage any email correspondence related to the process, ensure timely responses and proper resolution of open queries
Develop effective working relationships with both internal and external parties as a result of direct interaction with external Clients, Counterparties, Traders, and Client Executives
Identify process improvements/breakdowns/control gaps, propose solutions, perform UAT testing, and work with the management/project team to implement across the group
Assist with training new staff across multiple internal/external systems, markets, and products
Qualifications and Skills
BS/BA degree or equivalent work experience.
Possess a basic knowledge of Corporate Actions, and Equity and Fixed Income products, including the trade lifecycle.
Understanding of Stock Record; long/shorts, and various position types including stock lending positions; understanding of Swift messages
Advanced experience level with Excel, Outlook, and experience with web-based applications required
Proven record of accuracy and effective time management and prioritization skills with the ability to work in multiple systems and handle high email and event volumes
Must be able to work in a high-pressure environment, with conflicting demands and under tight deadlines
Self-reliant, energetic, flexible, collaborative, and proactive problem solver
Strong, influential communicator who is articulate and concise
Strong risk management and control mind-set; understanding of the critical risks and necessary controls related to financial operations/transaction processing
Provides evaluative judgment based on analysis of information in complicated, unique, and dynamic situations; draws on diverse range of internal and external sources
Ability to establish and build trust with professionals throughout the business with a clear client orientation
Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint
Ability to conceptualize aspects of the organization’s model and its future development
Job Details
Job Family Group: Operations - Transaction Services
Job Family: Asset Servicing
Time Type: Full time
Primary Location: Getzville, New York, United States
Primary Location Full Time Salary Range: $55,440.00 - $77,360.00
In addition to salary, Citi’s offerings may also include discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
EEO and Accessibility Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.
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The Asset Serv Intmd Assoc Analyst is a developing professional role which integrates in-depth specialty knowledge with a solid understanding of industry standards and practices; demonstrates good understanding of how the team and area integrate with others in accomplishing the objectives of the subfunction/ job family. Applies analytical thinking and knowledge of data analysis tools and methodologies. Breaks down information in a systematic and communicable manner. Developed communication and diplomacy skills are required in order to exchange potentially complex/sensitive information. Moderate but direct impact through close contact with the businesses\' core activities. Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams.
Responsibilities
Process Voluntary & Choice Corporate Action events for US, Canadian, and Latin American securities
Process ad-hoc instructions for conversions, SPAC Splits, warrants, exchanges, DRS, and legend removals
Perform key reconciliations and controls to support processing of the corporate action lifecycle and break management
Ensure timely handling of notifications, elections, entitlement calculations, and follow through with the applicable outturn bookings
Identify and manage any risk within the event/process and manage events in various Asset Servicing systems; escalating issues to management
Research and resolve open balances connected to the process including coordinating with our relevant desks and counterparties on liabilities or issues
Manage any email correspondence related to the process, ensure timely responses and proper resolution of open queries
Develop effective working relationships with both internal and external parties as a result of direct interaction with external Clients, Counterparties, Traders, and Client Executives
Identify process improvements/breakdowns/control gaps, propose solutions, perform UAT testing, and work with the management/project team to implement across the group
Assist with training new staff across multiple internal/external systems, markets, and products
Qualifications and Skills
BS/BA degree or equivalent work experience.
Possess a basic knowledge of Corporate Actions, and Equity and Fixed Income products, including the trade lifecycle.
Understanding of Stock Record; long/shorts, and various position types including stock lending positions; understanding of Swift messages
Advanced experience level with Excel, Outlook, and experience with web-based applications required
Proven record of accuracy and effective time management and prioritization skills with the ability to work in multiple systems and handle high email and event volumes
Must be able to work in a high-pressure environment, with conflicting demands and under tight deadlines
Self-reliant, energetic, flexible, collaborative, and proactive problem solver
Strong, influential communicator who is articulate and concise
Strong risk management and control mind-set; understanding of the critical risks and necessary controls related to financial operations/transaction processing
Provides evaluative judgment based on analysis of information in complicated, unique, and dynamic situations; draws on diverse range of internal and external sources
Ability to establish and build trust with professionals throughout the business with a clear client orientation
Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint
Ability to conceptualize aspects of the organization’s model and its future development
Job Details
Job Family Group: Operations - Transaction Services
Job Family: Asset Servicing
Time Type: Full time
Primary Location: Getzville, New York, United States
Primary Location Full Time Salary Range: $55,440.00 - $77,360.00
In addition to salary, Citi’s offerings may also include discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
EEO and Accessibility Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.
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