Voluntary Corporate Action Asset Servicing Intermediate Associate Analyst Hybrid
Citi, Getzville, NY, United States
Voluntary Corporate Action Asset Servicing Intermediate Associate Analyst Hybrid
Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact. Job Overview
Asset Servicing is a Markets Operations group is 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. Key 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, Counterparty's, 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.
Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact. Job Overview
Asset Servicing is a Markets Operations group is 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. Key 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, Counterparty's, 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.