Role Summary
Under general supervision (but works independently most of the time) responsible for coordinating global partnership across all operational functions, (valuations/pricing, attribution/performance, data management, reconciliation, Corporate Actions).
This role requires excellent understanding of various investment instruments, e.g. Equities and Fixed Income. As a Consultant, you will provide valuable guidance and support to our clients in navigating corporate action events.
Primary Duties and Responsibilities
Responsibilities will include setting up of an Event Announcement, Election Management, Processing of Entitlements, as well as Reconciliation, Investigation and Resolution of Corporate Actions’ related issues.
Perform detailed analysis of all global Corporate Action event types, including but not limited to Mergers, Dividends, Exchanges, and Tenders to provide comprehensive insight to the internal and external partners.
Proactively identify potential risks and opportunities associated with Corporate Actions to develop process improvements or in support of initiatives that benefit division/department strategy
Responsible for ensuring all updates are incorporated into relevant Corporate Actions Procedures.
Cross-functionally collaborate with internal partners across the enterprise to resolve escalations, inquiries, incidents and challenges as quickly as possible.
Maintain and pro-actively communicate the BCP procedure updates to the team.
Adherence to Standards & Procedures and the promotion of best practices.
Maintain KPI’s, Volumes trend analysis and Error log for the process.
Should be highly agile to assume various cross-functional roles and responsibilities in alignment with business demands
Provides hands-on training for new staff and functional cross-training for experienced staff.
Generates ideas for operational efficiency and assesses impact.
Necessary Knowledge and Skills
Understanding of the Corporate Action Lifecycle processes and related Asset Management functions preferred.
Knowledge of global market nuances related to Corporate Action processing, financial markets, legal and regulatory requirements preferred.
Exceptional analytical and problem-solving skills.
Ability to lead and manage projects and system development changes.
Experience operating industry recognized platforms, such as Aladdin and Eagle preferred
Excellent oral and written communication skills.
Necessary Experience and Education
Bachelor’s degree, emphasis in Accounting/Finance preferred.
3-5 years of experience in Operations functions within Asset Servicing and/or Asset Management.
Experience in Corporate Actions is preferred.
Salary Range:
$66,700 - 113,300 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
