Associate/l1

**Job Description - APAC**

Job Title:
Associate / Associate Level 1

Date:
Department:
IFSO

**Location**:
Chennai/Mumbai

Business Line / Function:
Middle Office - Corporate Actions

Reports to:
(Direct)

Team Leader /Assistant Manager / Deputy Manager

Grade:
(if applicable)

(Functional)

Number of Direct Reports:
Directorship / Registration:
**Position Purpose**:
Associate joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also we do record keeping activities to mitigate the risk that impacts fund valuation on back of a Corporate action event.

**Responsibilities**

**Direct Responsibilities**:

- Cross-checking information received with other data sources
- Reverting to local sub-custodians to clarify/solve any open issue.
- Analyzing the corporate event in order to anticipate any reporting or processing issues.
- Setting-up of financial information into the Custody system
- Collecting and relay any update related to the corporate event on an on-going basis.
- Processing the securities reconciliation with sub-custodians client positions at the different steps of the event.
- Checking eligible positions of accounts within the local sub-custodian
- Checking that all eligible positions have been instructed at response deadline (for voluntary events only)
- Consolidating client instructions (for voluntary events only)
- Advising local market by sending instructions of participation to sub-custodian ((for voluntary events only)
- Checking that instructions of participation have been duly acknowledged by sub-custodian.
- Tracking of the payment date of the event in order to advise clients accordingly
- Processing payment of the event on client’s account upon recovery of cash and/or securities from the local sub-custodian
- Processing foreign exchange orders according to client’s set up.
- Processing any manual adjustment related to cash or securities in order to finalize the recovery process
- Justifying any cash or securities breaks to Control Teams
- is happening on periodic basis.
- Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
- Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.

**Technical & Behavioral Competencies**:

- Accounting knowledge and knowledge on Swift messages is an added advantage
- Zeal to learn new thing
- Working knowledge of MS Word, Excel will be useful
- Must be prepared to work in flexible timings
- Good communication skills

**Specific Qualifications (if required)**:
**Client Focus**

Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.

**Communication**

Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.

**Team Work**

Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.

**Continuous Improvement and adaptation**
Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.

**Skills Referential**
Behavioural Skills: (Please select up to 4 skills)

Client focused

Adaptability

Ability to collaborate / Teamwork

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Choose an item.

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Education Level:
Bachelor Degree or equivalent

Experience Level

Beginner

**Other/Specific Qualifications **(if required)