Department:

Global Custody & Control Group.

Main Responsibilities:

Equity and Fixed Income Corporate Action operations covering hedge fund clients trading a wide range of investment strategies and domiciled in a number of different tax jurisdictions.

Monitoring and diarising all voluntary corporate event deadlines based on SWIFT MT564, MT566 and MT568 messages received from the global custodian and clearing agents.

Communicating and managing event deadlines with clients, both external and internal.

Reconciling SWIFT MT564 (notifications) received from the global custodian versus client positions held in back-office systems (client’s book of record).

Positions to be reconciled include long, short, borrowing and lending.

Responsible for managing claims process to the company’s stock lender provider(s) on behalf of customers which have borrowed positions over XD, This will involve close liaison with clients.
Monitoring and diarising all corporate event instructions received from the stock lender to the company, and communicating instructions to clients.

Managing Proxy Voting service with custodian as required by customers.

UK Corporate action SSN messages from CREST administration.
UK and international dividend administration with objective of mandating all cash.
Tax vouchers administration / Registrar liaison.
Procedural & Control Compliance with creation, review and update of existing procedures.
Increase levels of automation to eliminate manual input.

Essential Skills & Experience:

Technical/Systems knowledge, Industry Knowledge, Person Skills, Number of years experience required.
Requirement to have extensive knowledge of equities markets in UK and International Corporate Actions.

Experience in the following corporate events;

Cash dividends/DRIPs.
Stock dividends.
Bonus issues.
Stocksplits/reverse splits.
Rights issues.
Mergers/acquisitions/tender offers/spinoffs.
ADR conversions/creation.
Convertible bond conversions/Warrant exercise.
Bond redemptions.

Requirement to work closely with Custodians / Lenders / Correspondents / Registrars / Client services.
Requirement to work with the company in house system for trade capture.
Requirement to work with Custodian settlements/corporate actions system.
Requirement to work with external data vendors to capture, diarise, manage and distribute data to clients.

Requirement as a minimum to be proficient in the following software:-

Crest 'GUI' - PC EUCLID
Swift (ISO 15022) Messaging with expert knowledge of MT564, MT566 and MT568 Formats.
MS Word - MS Excel - MS PowerPoint - MS Access.
Lotus Notes.

Desirable Skills & Experience:

Knowledge of the fixed Income markets.
Knowledge of CFDs, SWAPs.

Position within Hierarchy:

Reporting to Supervisor – Corporate Actions.