Share this Job

Corporate Actions Processing Analyst - Toronto, ON

Date: Jan 10, 2019

Location: Toronto, ON, CA

Company: Scotiabank

 

 

Requisition ID: 49929

 

Join the Global Community of Scotiabankers to help customers become better off.

Job Purpose:

Contributes to the overall success of the Corporate Actions Department in Canada Middle Office, Asset Servicing in Canada by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

 

Key Accountabilities:

  • Understands the corporate action event and identify the risk and exceptional processing involved including tax application, currency exposure, complexity of the event and stringent deadlines.
  • Collects information for participation and submission of instructions and payment processing for events through the depository, transfer agents and the issuers by checking for completeness and accuracy and accounting for irregularities with security positions/instructions.
  • Liaison with intercompany departments to facilitate corporate action requirements before and after allocation. Coordinate with counterparties for loans and borrows impacting the event on deadlines and payments.
  • Ensures the allocation of the corporate action is balanced during the life of the event to mitigate risk and to prevent losses and the reconciliation reports are updated daily and discrepancies are followed up in a timely manner to have them adjusted and or cleared.
  • Ensures stats and KPI are inputted daily to document workload and closely monitor the department’s volume.

 

Functional Competencies:

  • Sound knowledge of Corporate Action processing (Mandatory & Voluntary), stock borrows/ loans transactions and liabilities, Income processing and various market entitlements compensations (Trade date vs settlement date market)
  • Proficient in Microsoft Office Suite (Excel, Word, Access)
  • Work in a standard office-based environment; non-standard hours are a common occurrence. 
  • Work volumes are unpredictable / subject to market changes and can swing to the extreme. 
  • Critical deadlines must be met to avoid the potential for substantial losses.
  • Significant pressure is frequently encountered due to potential for significant loss or client disruption and tight processing deadlines set by the industry.
  • Priorities are subject to constant change and multiple high priority issues are common.
  • Over-time as required to meet deadlines and department’s SLA’s.

 

Experience/Education:

  • Post-Secondary education, focus in business or finance an asset
  • Industry background and knowledge of security operations, Canadian Securities Course

Location(s):  Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. We value the unique skills and experiences each individual brings to the bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.


Job Segment: Bank, Banking, Finance

Find similar jobs: