Associate, Corporate Actions Ii

4 months ago

Chennai Tamil Nadu, India The Bank of New York Mellon Corporation Full time

**_Bring your ideas. Make history. _**
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what **#LifeAtBNYMellon **is all about.

We’re seeking a future team member for the role of **Associate, Corporate Actions II **to join our Middle Office Corporate Action team. This role is in Chennai, TN - HYBRID.

**In this role, you’ll make an impact in the following ways**:

- Responsible for performing mandatory and voluntary corporate action
- related middle office and accounting processing requirements, such as dividend payments, Tender/Exchange, DRIP/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.
- Responsible for proactively recognizing, researching, and processing moderately intricate mandatory and voluntary corporate action events.
- Responsibilities include the daily interpretation, monitoring, scrubbing and notification of complex corporate action events in the global market as well as the reconcilement, monitoring and posting of entitlements to client accounts.
- Balances entitlements and processes liability notices, dividend and interest payments, and class action suits.
- Determines impact of events and disseminates information regarding event to investors and client accounts.
- Responsible for identifying root causes in monthly reviews and developing corrective actions.
- 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 corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and posting online cash and security transactions.
- Serves as a resource for less experienced staff, expected to understand all corporate action procedures, corporate action events and market practices.
- Contributes to the achievement of team goals and objectives.

**To be successful in this role, we’re seeking the following**:

- Bachelor’s degree in a related discipline or the equivalent combination of education and experience is required.
- 4-6 years of total work experience preferred.
- Experience in financial services or corporate actions preferred.
- Applicable local/regional licenses or certifications as required by the business.

**At BNY Mellon, our inclusive culture speaks for itself. Here’s a few of our awards**:

- Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
- Bloomberg’s Gender Equality Index (GEI)
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- Best Places to Work for Disability Inclusion, Disability: IN - 100% score
- 100 Best Workplaces for Innovators, Fast Company
- CDP’s Climate Change ‘A List’

**Our Benefits**:
BNY Mellon 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 that can support you and your family through moments that matter. BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

**BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.**

**Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

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