Job Title: AVP – Income & Corporate Actions,

Department: MFS - Securities Lending

About Business line/Function: Market and Financing Services

Position Purpose: AVP will be responsible for managing team and performing daily tasks related to Global Income, Corporate action carried out in the MFS department. He/ She will be working closely with off-shore management, Front office, Account managers, Global Custody teams and external Brokers as part of their daily tasks and will report to the local management in Chennai. The staff will be working closely with all internal teams, London, Paris and local management as part of their daily BAU. Good functional understanding of the securities lending business along with basic knowledge of Settlement, Corporate Action and function related to securities lending business is required.

Responsibilities

Direct Responsibilities

Track, generate and issue all the cash dividend claims to the counterparties on the pay date without fail.

Follow corporate actions announcements on loan positions and Investigate on breaks with the global custody.





Rigorously follow the payments from the brokers by effective communication and proactive follow-ups

Analyse, investigate on all cash breaks with the global custodians to bring down all the cash breaks and thorough investigation on aging breaks and finds a solution to explicit them with appropriate action.

Monitor the corporate action events and coordinate with the lender and borrowers on the elections and ensure the event has been processes correctly without any delay.

Prioritize the work and conduct investigation with due diligence on all the discrepancies/breaks and respond to all queries with in the timeframe agreed as per SLA and procedures.

Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists

Procedures and checklists must be updated/ prepared with immediate effect to be in-line with delivery

📌 AVP- Corporate Action (Chennai)
🏢 BNP Paribas
📍 Chennai