MUFG

Global bank offering diversified financial services

Corporate Action Analyst

Finance & BankingPosted on Nov 13

Full-timeIndiaNo salary listed

About the Job

Requirements

Two to four years of experience in financial or capital markets, preferably in transfer agency operations, with basic knowledge of capital markets or financial-market products.
Ability to provide high-level client service.
Strong problem-solving skills, working independently and supporting others.
Time-management skills and the ability to plan flexibly to meet deadlines.
Ability to work rotational APAC or EMEA shifts, which may start at 3:30 a.m. IST or 11:30 a.m. IST.
Analytical and problem-solving skills.
Effective oral and written communication, including negotiation, and ability to liaise with internal and external parties and work in a team.
Ability to meet demanding deadlines and work long hours when required.
Ability to respond quickly and accurately to queries in a high-volume, time-sensitive trading environment.
Ability to prioritize work to address breaks and develop action plans to resolve outstanding issues.
Ability to comply with legal, regulatory, policy, and business requirements.

Responsibilities

Assist the Corporate Actions team with project management of payments, including dividends, interest, and trust distributions, and manage minor or less complicated payments under supervision.
Process corporate action and income transactions, including cash payments such as dividends, interest, liquidation, and redemption, and corporate events such as mergers, capital increases, tender or purchase offers, and stock splits involving equities, bonds, or hedge fund products.
Understand and process corporate action notices, including cash and stock dividends.
Resolve corporate action breaks and confirm or validate corporate action events.
Compute and process entitlements and accruals, and process redemption, coupon, and dividend events.
Reconcile processed activities, ensure accuracy, and resolve breaks as necessary.
Adhere to schedules and ensure credit time and leave accruals remain within guidelines to limit the company's financial liability.
Provide accurate and complete information, solve problems, and complete transactions professionally and on time to agreed standards.
Monitor customer satisfaction results and proactively improve them by focusing on key methods.
Review work practices and procedures to identify opportunities to improve quality and productivity.
Investigate counterparties for adverse information, reputational risks, inappropriate practices, or behavior.
Conduct risk assessments and assign risk categories to new counterparties.
Prepare documentation, process transactions, and perform other control and reconciliation tasks.
Monitor and process pending items and correct discrepancies.
Launch investigations, provide information, and compose correspondence.
Use technology to increase efficiencies; understand risks and apply that knowledge to risk metrics.
Identify and resolve technical issues with reconciliation tools and file management.
Maintain accuracy and complete assigned tasks according to service-level agreements.
Escalate and resolve issues promptly and manage escalations to the satisfaction of customers and clients.
Attend regular team meetings and use communication processes to support openness and information sharing.
Meet service standards and client-specific requirements for quality assurance, daily reporting, and month-end reporting.
Identify and drive process-improvement and efficiency initiatives across the line of business.

Desired Qualifications

A qualification in business, financial markets, law, or the securities industry.
Experience in transfer agency operations.

Overview

To assist members of the Corporate actions team with the project management of payments (e.g., dividends, interest, and trust distributions) and project manage minor/less complicated payments under supervision of a project

Key Accountabilities and main responsibilities

Strategic Focus

You’ll be working in the Corporate and Income section. We are responsible for the correct and timely processing of Corporate Action and Income transactions. This includes cash payments such as dividend, interest, liquidation and redemption or corporate events like merger, capital increase, tender or purchase offer and stock split on equities, bonds or hedge fund products. As a strong member of the team you will work closely within the integrated value chain and our global / international interfaces.
Knowledge of corporate action processes including cash and stock Dividends
Understanding of processing for various Corporate Action notices.
Should have knowledge of break resolution related to any Corporate Action Breaks
Confirming / validating corporate action related events
Computing and processing entitlements & accruals
Processing redemptions, Coupon & Dividend events
Reconciliation to ensure all the activities processed are correct and break resolution as necessary.
Ensure to adhere to schedule adherence.
Ensure credit time and leave accruals are within guidelines so that the Link Group’s financial liability is limited
To provide accurate and complete information, solve problems and complete transactions in a professional and timely manner to agreed standards
Monitor customer satisfaction results and proactively improve these by focusing on key methods.
Regularly review work practices/procedures to identify opportunities to improve quality and/or productivity

Operational Management

Conducting investigations on counterparties for any adverse information, reputational risk issues, inappropriate practices, or behaviour on the part of the counterparty.
Conducting risk assessments and applying risk categories to new counterparties.
Prepare documentation, process transactions, and perform other tasks related to control and reconciliation.
Monitor and process pending items, correcting discrepancies.
Launch investigations, provide information and compose correspondence.
Increase efficiencies by utilizing technology.
Understand risks and apply this knowledge to risk metrics.
Identify and resolve technical issues with reconciliation tool and file management.

Governance & Risk

Maintain level of accuracy
Complete assigned task as per provided SLA.

Competencies

Demonstrated high level of initiative, motivation, and organisational skills
Analytical and problem-solving skills
Effective oral and written communication skills including negotiation skills, ability to liaise successfully with internal and external parties, and ability to work effectively in a team environment
Flexibility - able to meet demanding deadlines and work long hours to meet those deadlines, as required
Qualification in business/financial markets/law/securities industry desirable
Respond quickly and accurately to queries in a high volume, time sensitive trading environment.
Issue escalation and resolution on a timely manner.
Prioritize time accordingly to action on breaks.
Developing action plans for resolution of outstanding issues.
Adapt to an environment of openness and information sharing within the team, by attending regular team meetings and communication processes.
Achievement of service standards and client specific requirements regarding quality assurance, daily reporting, and end of month reporting
Identify and drive process improvement and efficiency initiatives across the line of business
Manage escalations and seek to resolve them to the satisfaction of the customer and client
Ensure to be compliant with legal, regulatory, policy and business requirements

*The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.

Experience & Personal Attributes

2 - 4 years’ experience in Financial / Capital Markets, preferably in Transfer Agency operations with Basic Knowledge of Capital Markets / Financial Market product. Exhibits high level client service skills
Excellent problem-solving skills both independently and supporting others
Excellent time management skills, demonstrating flexibility and the ability to manage and plan to meet deadlines
Open for changes; understand status quo and challenge today's setup with proposals on how to do it better.
Team Players.
The Role need to support APAC or EMEA shift and would need to work in Rotational shift wherein shifts would start at 3:30 am IST for APAC and from 11.30 AM for EMEA.

About the Company

MUFG

Global bank offering diversified financial services

MUFG is a major global financial group that provides a wide range of banking and financial services, including commercial and trust banking, securities, credit cards, and asset management. Its products are delivered through a network of domestic and international banks, digital platforms, and financial advisers, offering loans, deposits, payments, investment services, and asset management. MUFG stands out due to its size and scale as one of the world’s largest financial groups, its diversified offerings across banking and securities, and its strong international presence (notably expanding in the U.S. after investing in Morgan Stanley in 2008). Its goal is to support economic growth worldwide by expanding its global footprint and promoting sustainable finance.

Company size: 10,001+
Company stage: IPO
Headquarters: Tokyo, Japan
Founded: 2006

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