Vice President, Corporate Actions

BNY Mellon

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

Qualifications

  • 5-10 years of relevant work experience preferred, ideally in Financial Services
  • 0-1 years of management experience preferred

Responsibilities

  • Manage and process mandatory and voluntary corporate actions such as dividend payments and bond redemptions.
  • Control risks and liabilities associated with corporate actions and conduct reconciliation activities.
  • Coordinate work within project teams and ensure timely addressing of corporate action events.
  • Analyze complex events and disseminate pertinent information to clients and investors.
  • Leverage expert knowledge to resolve recurring issues with innovative solutions.
  • Review cash reconciliations and security transactions, ensuring adherence to quality standards.
  • Research and respond to inquiries from various stakeholders including clients and custodians.

Benefits

  • Access to competitive compensation and performance-related bonuses
  • Participation in comprehensive health and wellness programs
  • Flexible resources for personal and professional life balance
  • Generous paid leaves, including paid volunteer time
  • Enrollment in 401(k) plan and eligibility for insurance benefits for dependents
Full Job Description
Job Description

We're seeking a future team member for the role of Vice President, Corporate Actions to join our GCO team. This role is located in New York, NY, United States.

In this role, you'll make an impact in the following ways:
  • Corporate Actions - Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing requirements, such as dividend payments, reorganization/proxy, bond redemption, etc.
  • Also responsible for managing and controlling high levels of risk and liability inherent in the various functions and for reconciliation activities, client reporting and proration on transactions.
  • May allocate/coordinate work within a team/project.Meets with organizational units/teams to ensure corporate action events are being addressed appropriately.
  • Determines impact of complex events and disseminates information regarding event to investors and client accounts.
  • Uses in-depth area knowledge to apply ingenuity and creativity to common repeat problems and determines more permanent resolutions.
  • Responsible for reviewing cash reconciliations, security and suspense transactions reviews adhering to established quality control measures and procedures.
  • Responsible for researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians and/or custodians.
  • Works on multiple systems to perform highly complex corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and, posting online cash and security transactions.
  • Participates in the development of documentation that is circulated to the market.Serves as a corporate actions expert for less experienced staff, expected to have an advanced understanding of all corporate action procedures, corporate action events and market practices.

To be successful in this role, we're seeking the following:
  • 5-10 years of work experience preferred. Experience in Financial Services is preferred.
  • 0-1 years of management experience preferred


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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