Corporate Actions Associate

Recruiter
State Street.
Location
Montreal, Quebec
Salary
Not disclosed
Posted
24 Nov 2020
Closes
25 Nov 2020
Ref
R-654183
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Did you know that over 10% of the entire globe’s investing savings flow through State Street?

Who we are looking for

This is an excellent opportunity to join a growing team of dedicated, diverse finance professionals providing administration services to some of the largest portfolio managers in the world - from state, provincial, and labour-based pension funds, to mutual fund giants, ETFs, and just about any type of pooled investment vehicle you can imagine. Whether you are looking for your first step into the Finance world, or you have a few years of experience and would like to broader your knowledge and grow, we invite you to apply so we can start the conversation.

The Corporate Actions department is responsible for scanning the markets for corporate actions (i.e. any actions taken by a publicly traded company that affect its share price. For example, stock splits, share buy-backs, spin-offs or mergers) that affect our clients' investments. You will work in conjunction with individuals on your team as well as other Centres of Excellence ("COEs"), our outsource partners and any other business units and external clients as you need to, to ensure the capture and seamless processing of corporate actions, in accordance with our operational procedures and within deadlines. This is a very fast-paced and collaborate environment, where attention to detail, thinking on your feet, resourcefulness, as well as critical thinking and the ability to troubleshoot issues will help you excel in your role, and move on to higher levels of responsibility.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Corporate Actions Associate you will

  • Be responsible for identifying, translating and updating client elections to voluntary corporate actions to State Street’s Global Corporate Action system in accordance with operating procedures.
  • Follow up with clients and/or their investment manager on any client elections that cannot be properly validated and in situations where an election is missing.
  • Reconcile client election to middle office custodian records & submit to the market by the event deadlines.
  • Research and resolve exceptions, reconciliations, incorrect transactions and issues.
  • Receive and resolve inquiries in a timely and accurate manner and communicates effectively with clients when necessary.
  • Escalate unresolved issues to management as required.
  • Maintain knowledge of current operational procedures and processes.
  • Perform other duties as assigned.
  • What we value

    These skills will help you succeed in this role

  • Strong customer service, communication, organizational and problem solving skills.
  • Must be able to prioritize activities and work well under pressure.
  • Excellent analytical and problem solving skills.
  • Excellent verbal and written communication skills.
  • Bilingualism (English, French) spoken as well as written, is a must
  • Education & Preferred Qualifications

  • We are open to a variety of educational backgrounds but a passion for finance and a keen interest in how the financial markets work is a must!
  • Bachelor’s degrees or CEGEP or equivalent.
  • One year of financial services experience, preferably with accounting and custody exposure, and knowledge of financial market activities and transactions.
  • About State Street

    What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

    Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

    Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

    State Street is an equal opportunity and affirmative action employer.

    For further information, and to apply, please visit our website via the “Apply” button below.