Corporate Actions Specialist at TechSpeed Clearing LLC
FINTEX FINANCIAL INC, Addison, TX, United States
Benefits
401(k) Competitive salary Health insurance Paid time off Department: Operations / Asset Services Reports To: Corporate Actions Manager or Clearing Operations Director Location: Dallas, TX Status: Full‑Time Position Summary
The Corporate Actions Specialist plays a critical role within the clearing operations department, responsible for the accurate, timely, and compliant processing of voluntary and mandatory corporate action events across all asset classes. This specialist ensures that all entitlements—such as dividends, interest, mergers, tender offers, rights, redemptions, spin‑offs, reorganizations, proxy events, and class actions—are processed correctly for fully disclosed and omnibus introducing broker‑dealer clients. This role requires a deep understanding of clearing operations, custodian workflows, DTCC/OCC processes, entitlement calculation, data validation, reconciliation, and regulatory guidelines impacting asset servicing. The Corporate Actions Specialist acts as a subject‑matter expert, interfacing with clearing partners, custodians, issuer agents, introducing brokers, technology teams, and compliance to mitigate risk and ensure flawless asset servicing execution. Key Responsibilities
Corporate Actions Processing
Process all mandatory events (e.g., cash/stock dividends, splits, mergers, conversions, calls/redemptions, reorganizations) with accuracy and within cutoff times. Process voluntary events (e.g., tender offers, exchanges, rights subscriptions, elections) including generating client notifications, tracking responses, and submitting elections to custodians or depositories. Validate event data received from DTCC, OCC, exchanges, issuer agents, custodians, and market data feeds. Calculate entitlements, rates, allocations, and reconcile differences across systems and external sources. Post entitlements (cash and securities) to customer accounts and omnibus structures. Risk & Exception Management
Identify discrepancies in event details, entitlements, or elections and proactively elevate issues. Monitor breaks and exceptions, resolve unmatched positions or missing elections, and clear exceptions within SLAs. Perform daily reconciliations between internal systems, DTCC/OCC, and external custodians. Prevent erroneous postings, missed elections, and financial exposure through rigorous control checks. Client Communication & Support
Draft and distribute clear, timely corporate action notices to introducing brokers and internal stakeholders. Serve as the subject‑matter expert for event interpretations, election requirements, deadlines, and market nuances. Support client inquiries regarding entitlements, event details, and account‑level impacts. Guide introducing brokers on market standards, operational procedures, and event‑specific risks. Regulatory & Compliance Responsibilities
Ensure compliance with SEC, FINRA, OCC, and DTCC rules governing corporate actions, disclosures, and entitlements. Follow regulatory requirements for proxy processing, shareholder communications, and response timelines. Maintain audit‑ready documentation and support internal/external compliance reviews. Participate in periodic testing and updates of Written Supervisory Procedures (WSPs). Technology, Data Integrity & Process Improvement
Utilize clearing and custody systems (e.g., DTCC CA Web, OCC systems, Broadridge, FIS, BETA, GPS, proprietary OMS/clearing platforms). Validate accuracy of corporate action data feeds and coordinate with technology to resolve issues. Identify automation opportunities, workflow enhancements, and process modifications to reduce manual risk. Participate in UAT for system upgrades, entitlement engines, and workflow tools. Cross‑Functional Collaboration
Partner with Trading Operations, Settlements, Margin/Risk, Compliance, Technology, and Finance teams. Work closely with the Clearing Operations Manager on new product onboarding and procedural changes. Support onboarding of new introducing brokers by explaining corporate action processes and service models. Required Qualifications
Bachelor’s degree in Finance, Business, Economics, or related field (or equivalent experience). 3–7 years of experience in corporate actions, asset servicing, clearing operations, or custody environments. Strong understanding of capital markets, securities processing, and lifecycle of corporate events. Hands‑on experience with DTCC CA Web, DTC settlements, OCC corporate actions, and market data providers. Familiarity with fully disclosed vs. omnibus structures in a clearing context. Preferred Licenses & Certifications
FINRA Series 99 (Operations Professional) — highly preferred. FINRA Series 7 — beneficial for understanding complex products. DTCC and/or SIFMA corporate actions training certifications (optional but valuable). Core Competencies
Exceptional attention to detail and accuracy under tight deadlines. Strong analytical and reconciliation skills. Excellent written and verbal communication, especially when breaking down complex events. Ability to identify operational risk and implement controls. Skilled in Excel (VLOOKUP, pivot tables), data validation, and operational workflow tools. Ability to work cross‑functionally and manage competing priorities.
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401(k) Competitive salary Health insurance Paid time off Department: Operations / Asset Services Reports To: Corporate Actions Manager or Clearing Operations Director Location: Dallas, TX Status: Full‑Time Position Summary
The Corporate Actions Specialist plays a critical role within the clearing operations department, responsible for the accurate, timely, and compliant processing of voluntary and mandatory corporate action events across all asset classes. This specialist ensures that all entitlements—such as dividends, interest, mergers, tender offers, rights, redemptions, spin‑offs, reorganizations, proxy events, and class actions—are processed correctly for fully disclosed and omnibus introducing broker‑dealer clients. This role requires a deep understanding of clearing operations, custodian workflows, DTCC/OCC processes, entitlement calculation, data validation, reconciliation, and regulatory guidelines impacting asset servicing. The Corporate Actions Specialist acts as a subject‑matter expert, interfacing with clearing partners, custodians, issuer agents, introducing brokers, technology teams, and compliance to mitigate risk and ensure flawless asset servicing execution. Key Responsibilities
Corporate Actions Processing
Process all mandatory events (e.g., cash/stock dividends, splits, mergers, conversions, calls/redemptions, reorganizations) with accuracy and within cutoff times. Process voluntary events (e.g., tender offers, exchanges, rights subscriptions, elections) including generating client notifications, tracking responses, and submitting elections to custodians or depositories. Validate event data received from DTCC, OCC, exchanges, issuer agents, custodians, and market data feeds. Calculate entitlements, rates, allocations, and reconcile differences across systems and external sources. Post entitlements (cash and securities) to customer accounts and omnibus structures. Risk & Exception Management
Identify discrepancies in event details, entitlements, or elections and proactively elevate issues. Monitor breaks and exceptions, resolve unmatched positions or missing elections, and clear exceptions within SLAs. Perform daily reconciliations between internal systems, DTCC/OCC, and external custodians. Prevent erroneous postings, missed elections, and financial exposure through rigorous control checks. Client Communication & Support
Draft and distribute clear, timely corporate action notices to introducing brokers and internal stakeholders. Serve as the subject‑matter expert for event interpretations, election requirements, deadlines, and market nuances. Support client inquiries regarding entitlements, event details, and account‑level impacts. Guide introducing brokers on market standards, operational procedures, and event‑specific risks. Regulatory & Compliance Responsibilities
Ensure compliance with SEC, FINRA, OCC, and DTCC rules governing corporate actions, disclosures, and entitlements. Follow regulatory requirements for proxy processing, shareholder communications, and response timelines. Maintain audit‑ready documentation and support internal/external compliance reviews. Participate in periodic testing and updates of Written Supervisory Procedures (WSPs). Technology, Data Integrity & Process Improvement
Utilize clearing and custody systems (e.g., DTCC CA Web, OCC systems, Broadridge, FIS, BETA, GPS, proprietary OMS/clearing platforms). Validate accuracy of corporate action data feeds and coordinate with technology to resolve issues. Identify automation opportunities, workflow enhancements, and process modifications to reduce manual risk. Participate in UAT for system upgrades, entitlement engines, and workflow tools. Cross‑Functional Collaboration
Partner with Trading Operations, Settlements, Margin/Risk, Compliance, Technology, and Finance teams. Work closely with the Clearing Operations Manager on new product onboarding and procedural changes. Support onboarding of new introducing brokers by explaining corporate action processes and service models. Required Qualifications
Bachelor’s degree in Finance, Business, Economics, or related field (or equivalent experience). 3–7 years of experience in corporate actions, asset servicing, clearing operations, or custody environments. Strong understanding of capital markets, securities processing, and lifecycle of corporate events. Hands‑on experience with DTCC CA Web, DTC settlements, OCC corporate actions, and market data providers. Familiarity with fully disclosed vs. omnibus structures in a clearing context. Preferred Licenses & Certifications
FINRA Series 99 (Operations Professional) — highly preferred. FINRA Series 7 — beneficial for understanding complex products. DTCC and/or SIFMA corporate actions training certifications (optional but valuable). Core Competencies
Exceptional attention to detail and accuracy under tight deadlines. Strong analytical and reconciliation skills. Excellent written and verbal communication, especially when breaking down complex events. Ability to identify operational risk and implement controls. Skilled in Excel (VLOOKUP, pivot tables), data validation, and operational workflow tools. Ability to work cross‑functionally and manage competing priorities.
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