Associate - Dividends & Corporate Actions Processing

Associate - Dividends & Corporate Actions Processing

Associate - Dividends & Corporate Actions Processing– Investment Bank

This is a French international banking group and the world's largest cooperative financial institution.

Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and North Africa support their clients, meeting their financial needs throughout the world. This bank offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

They are near-shoring from their New York office and moving their operations to Montreal which is exciting news! This a chance to join a very stable environment as these roles already existed in New York before the move. They have a number of positions to fill and are hoping many will be excited to be a part of their new start in Montreal.

Requirements
• Daily notification to trading groups & our clients of upcoming cash & stock dividends, and corporate actions information. Communication is transmitted via e-mail & through the XSP announcement application.
• Processing of executed stock & cash movements related to dividends & corporate actions. processing is done through the FIS Phase3 accounting system.
• Daily transmittal of our intentions through DTCC; tasks within DTCC include knowledge of DTCC CA Web, CLAIMSCONNECT, EDS, SDAR, Liability notices (180 Letter) and DTCC portal functionality.
• Ongoing communication with Trading Desks & our clients on updates during the lifecycle of an active voluntary reorganization, including stock splits, name changes, tender offers, etc.
• Daily reporting & communication of international stock & cash dividends. Liase with local market agents overseas (Euroclear & Clearstream) >Must be aware of tax treaties on foreign dividends and local market processing.
• Must be familiar with dividend processing related to securities lending & ADR/ORD conversions
• Back up to other team members; setup and maintenance of security master setup responsibilities.

Qualifications:
• Bachelor’s degree required
• Must have prior knowledge (minimum 5 years) related to the processing of cash & stock dividends and corporate actions events.
• Must be well aware of time restrictions related to responses on events and DTCC timelines.
• A self-starter who is highly motivated.
• Good analytical, organizational and interpersonal skill
• Adaptable & flexible
• Must be a self starter, with excellent problem solving skills & be able to work under pressure.
• Must be willing to work with and articulate-dealing with trading personnel & salepeople daily.
• Mastery of Excel & Power Point. Knowledge of DTCC and Sungard FIS Phase3 system preferred; DTCC, FEDWIRE; Euroclear & Clearstream.

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