Senior Associate [DTCC OPERATIONS SPECIALIST / CONSULTANT) - Varite, Inc
Jersey City, NJ 08830
About the Job
Onsite Job - Iselin NJ, 08830
Pay Range: $53 - $57
Interview Process - 3 Rounds ; 1 internal 2nd managerial and 3rd client.
The purpose of this job is that the resource will be responsible for the daily processing of the firm's dividends and corporate actions responsibilities.
Responsibilities
Key Internal contacts
Qualifications we seek in you!
Minimum Qualifications
Preferred Qualifications/ Skills
Pay Range: $53 - $57
Interview Process - 3 Rounds ; 1 internal 2nd managerial and 3rd client.
The purpose of this job is that the resource will be responsible for the daily processing of the firm's dividends and corporate actions responsibilities.
Responsibilities
- Responsible for the daily processing of the firm's dividends and corporate actions responsibilities.
- Daily notification to trading groups and our clients of upcoming cash and stock dividends, and corporate actions information. Communication is transmitted via e-mail and through the XCITEK XSP application.
- Processing of executed stock and cash movements related to dividends and corporate actions. Processing is done through the FIS Phase3 accounting system.
- Daily transmittal of our intentions through DTC. Tasks within DTCC include knowledge of DTC CA WEB, CLAIMCONNECT, EDS, SDAR, Liability notice (180 Letter) and DTC Portal functionality.
- Ongoing communication with trading desks and our clients on updates during the life cycle of an active Voluntary and Mandatory reorganizations, including stock splits, name changes, tender offers, etc.
- Daily reporting and communication on international stock and cash dividends. Liaise with local market agents overseas (Euroclear & Clear Stream) Must be knowledgeable of tax treaties on foreign dividends and local market processing
- Must be familiar with dividend processing related to securities lending and ADR/ORD conversions
- Must be familiar with dividend claim processing for international stock borrow/loan contracts
- Back-up to other departmental members and security master/static data setup responsibilities.
- Candidate must have experience relating to the processing of cash and stock dividends and corporate actions events. Must be aware of time restrictions and local market practices
- Must have knowledge of DTCC and the associated functionality that pertains to dividends and corporate actions elections. Knowledge of FIS Phase3 and XCITEK XSP applications beneficial
- Extensive verbal and electronic correspondences as many of our clients are based outside of the U.S.
- Must be a self-starter, with excellent problem-solving skills and be able to work under pressure.
- Possess strong written/oral communication skills. Proficient in Microsoft Word, Excel, PowerPoint.
- Knowledge of Sungard FIS /Phase3 processing system beneficial.
- Management and Reporting
- Reporting to management of positions in inventory and operational suspense account.
- Daily reporting of aged outstanding dividends payments
- Reporting on exposure on voluntary offerings.
Key Internal contacts
- CA middle office & Front office, Finance & Compliance; Internal Audit
Qualifications we seek in you!
Minimum Qualifications
- Graduate or postgraduate in Technology with Computers or Information Technology (IT) stream.
Preferred Qualifications/ Skills
- Client Series 99 (Desired)
- Knowledge of FIS Phase3 system & STN (Desired)
- Experience relating to domestic fixed income trade support/ P&S (Essential)
- General knowledge of the following systems: DTCC, Fed-wire, Euro clear (Essential)
- Knowledge of SunGard/Phase3 processing system (Desired)
- Must be a self-starter, with excellent problem-solving skills and be able to work under pressure
- Must possess strong written/oral communication skills
- Ability to communicate clearly and easily
- Ability to analyze and summarize
- Rigor and sense of organization
- Apprehension of results and priorities
- Relationship management/Commercial sense
Source : Varite, Inc