Department: Global Markets Operations - Corporate Actions
About Business line/Function: Corporate Actions
Position Purpose
Primary responsibilities of the team include:
• Incomes and taxes department specializes in analyzing and operating, in books and records, Incomes (as Dividends or Fixed and Determinable Payments) impacts surrounding business or client’s balances.
• Officer aims to capture events; set up related tracking files; determine the economic structure of eligible positions (Buy/sell, Stock Loans, Repos), coordinate impacts across the different business lines and products affected; and ensure reconciliation across key dates until payments/receipts reconciled for accounting purposes.
Responsibilities
Direct Responsibilities
• Follow-up and notification of information and events’ terms to business lines or external parties.
• Ensure the transmission of voluntary elections and options across trading and custodians.
• Ensure accuracy of treatment and bookings for events’ operations within the booking and accounting systems.
• Follow and resolve any outstanding items in a timely manner with relevant escalation procedure applicable and compliance duties.
• Process incomes and stocks payments and claims for receivables toward any external parties in alignment with group guidelines policies for any wire forms.
• Ensure the right fiscal model is applied along the different records and until finance.
• Produce reporting and provide evidence toward fiscal authorities in respect of withholding taxes applied on proceeds.
Contributing Responsibilities
• Follow and capture events announcements across all markets.
• Analyze terms and transmit summary notifications to trading or clients.
• Keep on enriching relations with the business lines representative and network agents.
• Respect any timeline and deadline cut-offs
• Control books and records at different stages of events and until paydate.
• Follow and report any outstanding ite