Vice President, Corporate Actions

BNY Mellon

$150K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a related field; advanced degree preferred (MBA or relevant certification).
  • 7-10 years of experience in financial services, focusing on corporate actions or related processes.
  • In-depth knowledge of corporate action procedures and successful execution of events.
  • Strong leadership skills to manage and mentor a collaborative team.
  • Excellent communication skills for relationship building across teams.
  • Proficient in corporate action processing systems and technology advancements.
  • Analytical thinking with problem-solving abilities for process improvements.
  • Deep understanding of the global financial system and risk management.

Responsibilities

  • Manage and oversee corporate action processes for accurate and timely event execution.
  • Collaborate with teams and clients to tackle complex issues and provide expert guidance.
  • Develop documentation and market practices while resolving inquiries.
  • Lead a team of corporate action specialists, ensuring effective collaboration.
  • Conduct cash reconciliations and review security transactions under quality control measures.
  • Serve as a Corporate Actions expert, offering training and support to team members.
  • Maintain open communication with stakeholders regarding corporate action events.

Benefits

  • Generous paid leave, including paid volunteer time.
  • Access to flexible global resources and tools for personal development.
  • Focus on health and personal resilience programs.
  • Participation in medical, dental, and vision insurance plans for employees and dependents.
  • Eligibility for a 401(k) plan and annual discretionary incentive award.
Full Job Description
Job Description

We're seeking a future team member for the role of Vice President, Corporate Actions. This role is located in New York, NY (4 days in office require).

In this role, you'll make an impact in the following ways:
  • Responsible for managing and overseeing corporate action-related processes, ensuring the accurate and timely execution of various events.
  • Collaborate with teams and clients to address complex issues and provide expert guidance.
  • Contribute to the development of documentation and market practices, while also researching and resolving inquiries.
  • Lead and manage a team of corporate actions specialists, ensuring effective collaboration and efficient workflow.
  • Oversee the accurate and timely execution of corporate action events, including dividend payments, reorganizations, and bond redemptions.
  • Conduct thorough cash reconciliations and review security transactions, adhering to strict quality control measures.
  • Serve as a Corporate Actions expert, providing guidance, training, and support to less experienced team members.
  • Meet with organizational units and stakeholders to ensure proper handling of corporate action events and maintain open communication.
  • Research and respond to inquiries from internal and external parties, offering timely and accurate resolutions.
  • Participate in the development and improvement of corporate action-related documentation and market practices.
  • Stay updated on industry trends, regulations, and market practices to enhance corporate action processes.
  • Build and maintain strong relationships with business groups, depositories, and clients to ensure client satisfaction.
  • Contribute to the overall success of the Corporate Actions department by achieving team objectives and driving continuous improvement.

To be successful in this role, we're seeking the following:
  • Bachelor's degree in a related field, with an advanced degree preferred, such as an MBA or a relevant professional certification.
  • 7-10 years of experience in financial services, with a strong background in corporate actions or a related field.
  • In-depth knowledge of corporate action procedures, events, and market practices, with a proven track record of successful execution.
  • Strong leadership skills and the ability to manage and mentor a team, fostering a positive and collaborative work environment.
  • Excellent communication and interpersonal skills, with the ability to build relationships and collaborate effectively across teams.
  • Proficiency in using corporate action processing systems and tools, with a willingness to stay updated on industry technology.
  • Analytical thinking and problem-solving abilities, coupled with a strategic mindset to drive process improvements.
  • Ability to work independently, manage multiple priorities, and adapt to a fast-paced and dynamic work environment.
  • A deep understanding of the global financial system and its impact on corporate actions, with a focus on risk management.
  • Applicable local/regional licenses or certifications as required by the business, ensuring compliance with regulations.

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.

Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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