Department: Global Markets Operations – Corporate Actions
About Business Line/Function
Global Markets Operations Corporate Actions, Incomes and Taxes Department is part of the transversal functions within ITO and is acting as a central interlocutor regarding Corporate Actions, both for Fixed Income and Equity.
Within Global Markets Operations pole, the Corporate Actions Department is specialized in the analysis and the management of corporate events affecting listed assets (mainly securities products).
It is in charge of the notification and the coordination for the EQD and Fixed Income industries of any impact of these events during the overall lifecycle. In this way, the Department is providing its services for any impacted trade involving Trading, Clients and/or Counterparties
Position Purpose
Primary responsibilities of the team include:
Monitoring Corporate Actions in all reliefs and identification of eligible global positions Follow-up of events’ announcements,
forecast and deadlines leading to effective management regarding scrubbing, notifications and bookings in our general books and recording systems.
Managing the election process for voluntary events by interacting with other internal support functions, compiling aggregated instruction to be sent to agents/custodians and ensure good receipt.
Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regard to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.
Responsibilities
Direct Responsibilities
Key Functions Include
Event Capture
Notification
Income / Mandatory events processing
Election management (Voluntary)
Bookings of Outcomes
Claims Management
Reconciliations
Proxy
Scrubbing and set up of Corporate Actions in operating systems (e.g. DTCC / ADP )
Monitoring of Corporate Actions in all reliefs and identification of eligible global positions (Settl