What are the responsibilities and job description for the Asset Servicing - Voluntary Corporate Actions Investment Analyst position at Dexian?
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DESCRIPTION
The primary responsibility is reconciling stock and cash discrepancies arising from corporate action event proceeds that were not automatically processed within the system. The role requires strict adherence to established procedures to resolve system exceptions efficiently and accurately. This role requires focus, accuracy, and the ability to work within a structured framework while managing multiple tasks effectively.
RESPONSIBILITIES
- Monitor system queues for failed incoming SWIFT (MT565) and faxed client corporate action election instructions, and process them correctly to the next step in the workflow.
- Monitor queues for failed outgoing SWIFT (MT567) messages to local sub-custodians or markets, investigate basic issues, fix errors as per procedures, and reprocess messages before deadlines.
- Perform basic checks on corporate action event setups in internal systems and confirm eligibility prior to event deadlines.
- Review corporate action announcements, mainly Cash Dividend and Interest events from US DTC, and update or align event details in internal systems as instructed.
- Escalate any mismatches or issues to senior team members and work with internal teams, DTC, or vendors as required.
- Reconcile eligible positions and cash between the bank and local sub-custodians for corporate actions using MT564 (REPE/RMDR) messages or other information.
- Process and reconcile incoming MT566 or DTC CACO payment messages for corporate action entitlements.
- Assist with reconciliation of Nostro cash accounts and internal payables/receivables, and raise any breaks (including stock breaks from corporate actions) for investigation within defined SLA timelines.
- Follow standard operating procedures (SOPs), meet daily cut-offs, and maintain accurate records of all processing completed.
QUALIFICATIONS
- 3 years of experience with Corporate Actions processing or Banking Custody
- Familiarity with cash and stock transaction processing for Corporate Action events (particularly for Mandatory with choice events for Western hemisphere markets mainly US & Canada)
- Understanding of SWIFT messages, especially MT566 and/or DTC CANO and CACO Messages is a PLUS
- Strong Microsoft Excel (VLOOKUP, Pivot Tables, Charts, formulas, keyboard shortcuts, running MACROS to manage large sets of data)
- College degree
- Strong communication skills both oral and written
- Strong ability to read and execute detailed operating procedures
- A quick learner with the capability to understand various processing applications and payment systems
Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.