State Street—Corporate Actions, Associate 2

Job description

Description: The Associate –(Corporate Actions) is responsible for independently processing and accounting for corporate action events across assigned markets and funds. The role requires a strong understanding of voluntary and mandatory corporate actions, accurate interpretation of announcements, timely processing, and strict adherence to risk and control standards. Why this role is important to us: The team you will be joining is a part Custody Corporate Action team What you will be responsible for: As Associate you will: · Independently process mandatory and voluntary corporate actions such as dividends, splits, mergers, rights, tenders, and redemptions in line with market practices and internal guidelines · Interpret corporate action announcements received from vendors, custodians, and issuers and determine the correct processing and accounting treatment · Ensure timely and accurate posting of corporate action events in accounting and Gold Copy systems · Reconcile positions, cash, and entitlements and investigate and resolve breaks within agreed SLAs · Monitor the complete lifecycle of events from announcement through payment and closure · Coordinate with Custody, Fund Accounting, Client Service, and Technology teams to resolve event-related issues · Respond to client and internal queries related to corporate action processing and financial impacts What we value: These skills will help you succeed in this role: · · Strong analytical and problem-solving skills · · High attention to detail with strong risk awareness · · Ability to work independently with minimal supervision · · Clear and professional written and verbal communication skills · · Proficiency in MS Excel and corporate action processing systems Education & Preferred Qualifications: · · Bachelor’s degree in Commerce, Finance, Accounting, or a related discipline · · Two to four years of hands-on experience in Corporate Actions or investment operations · · Strong understanding of end-to-end corporate action processing and global market practices Additional requirements: · Demonstrates ownership and accountability for assigned events and deliverables · Proactively escalates issues and collaborates effectively with stakeholders · Adapts to changing volumes, priorities, and market practices 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. About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. 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