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Job Location: Pune
Job Detail:
About the Opportunity
Job Type: Permanent
Application Deadline: 30 June 2024
Job Description
Title Junior Analyst – Corporate Actions
Department Corporate Actions, FSO -Corporate Actions and Income
Location Bangalore, India
Reports To Senior Manager- Corporate Actions and Income., FSO
Level Level – 2
We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together – and supporting each other – all over the world. So, join our FSO Corporate Actions and Income team and feel like you’re part of something bigger.
About your team
Corporate Actions is responsible for identifying, tracking, processing and reporting Corporate Action events and Dividends, which effect any security position held by Fidelity’s retail and institutional funds, across all asset classes. The global range of Fidelity’s products and services exposes you and the team to the full spectrum of corporate action types across most of the world’s stock markets.
A Day in Corporate Actions
Corporate actions are in daily contact with approximately 30 custodian banks and information vendors researching, analysing and verifying corporate action information. The team is responsible for notifying the Portfolio Managers and Trading Desks globally with details of voluntary corporate actions. Corporate actions collect all responses and instruct the custodian banks in line with the Portfolio Managers wishes. The team account for all corporate action and CFD dividend entitlements in the individual funds across multiple daily Net Asset Value (NAV) points. Corporate actions work to tight deadlines to meet their obligations within Fund Servicing & Oversight .
The team operates in a fast developing and dynamic environment, where technology has and is being developed to automate current workflow processes. There is also a strong emphasis on liaison with the many areas within Global Business Solutions (GBS); working collaboratively to resolve mutual issues.
About your role
As an Analyst in Corporate Actions, you will be responsible for processing all corporate action and dividend entitlements in the accounting / investment book of records systems in a timely and accurate basis in accordance with accounting practices. The team’s daily processes are driven by the three daily valuation points at 10.00, 12.00 & 17.00 (UK time) and all activity must be loaded and checked prior to the valuation point. The team is also responsible for confirming the availability of entitlements and unblocking these from the trading system to enable trading. Processing will also include CFD’s and pre-processing certain mandatory events the day before ex-date within the Investment Services systems to reflect corporate action entitlements in the Start of Day positions delivered to Investment Management.
- Your role will be a combination of Corporate Actions BAU and a Project role that will include testing upgrades / systems.
- The successful candidate will be open to take on ad-hoc tasks covering all areas of the Corporate Actions team.
- Ensuring all corporate actions are captured, scrubbed to multiple sources and accurately released into the Corporate Action system.
- Identification, escalation and resolution of corporate action issues with particular emphasis on time critical and complex issues and managing custodian deadlines.
- Timely instructing of Custodians on Optional events via MT565 messaging through Smartstream TLM Corporate Action system and other ad-hoc means when required, to ensure deadlines are met.
- Ensure positions are placed into escrow as required and removed when available at the custodian
- Accruing Cash Dividends in the Accounting system
- Providing feedback on custodian and vendor performance to the management team
- Liaison with other Operational areas such as Settlements, Pricing, Data Management and Fair Value and in Investment Management with the local Portfolio Service Groups
About you
Ideally you’ll have up to one year Global Corporate Action experience preferably gained in an Investment Management environment. Some experience in working on projects with good analytical skills while liaising with multiple stakeholders is desirable. Good time management skills with emphasis on ability to prioritise own work and meet tight deadline and solution finding, including strong attention to detail. The ideal candidate will be an effective communicator and self-starter with a dynamic “can do” attitude. Basic working knowledge of Equity / Fixed Income / Derivative type instruments is helpful along with strong Excel knowledge. You’ll be a good team worker sharing knowledge effectively and showing a flexible work approach and an understanding of basic accounting principles.
Feel rewarded
For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your ongoing development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team.
For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
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