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About the Role
As a Specialist, Corporate Actions at BNY, you will be responsible for mandatory and voluntary corporate actions custody functions for all organizational accounts. This role involves processing basic corporate action events, liability notices, dividend and interest payments, and class action suits, with guidance from more experienced staff.
Responsibilities
- Responsible for mandatory and voluntary corporate actions custody functions for all organizational accounts.
- Receives guidance from more experienced staff.
- Responsible for processing basic mandatory and voluntary corporate action events, including daily interpretation, monitoring, scrubbing and notification of corporate action events.
- Processing liability notices, processing and allocating dividend interest payments and processing class action suits.
- Reconciles, monitors and posts entitlements to client accounts.
- Responsible for daily and monthly outlier review, research and documentation.
- Responsible for performing daily reconciliations for cash, security and suspense transactions.
- Adheres to established quality control measures and procedures.
- Responsible for researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub-custodians and/or custodians.
- Works on multiple systems to perform corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and posting online cash and security transactions.
- Contributes to the achievement of team goals and objectives.
Requirements
- Bachelor’s degree in a related discipline or the equivalent combination of education and experience is required.
- 0-3 years of total work experience preferred.
- Experience in financial services or corporate actions is preferred.
- Applicable local/regional licenses or certifications as required by the business.
Location
- New York, NY
Work Type
- 4 days in office requirement
Experience Level
- 0-3 years of total work experience preferred
Education Level
- Bachelor’s degree in a related discipline or the equivalent combination of education and experience is required.
Salary/Compensations
- Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.
- Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award.
Benefits
- Highly competitive compensation, benefits, and wellbeing programs.
- Access to flexible global resources and tools.
- Focus on health, personal resilience, and financial goals.
- Generous paid leaves, including paid volunteer time.
- 401(k) plan.
- Company-sponsored medical, dental, vision, and basic life insurance plans.
- Various paid time off benefits, such as vacation and sick time.
About the Company
- At BNY, our culture allows us to run our company better and enables employees’ growth and success.
- A leading global financial services company at the heart of the global financial system, influencing nearly 20% of the world’s investible assets.
- Teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
- Recognized as a top destination for innovators, where bold ideas meet advanced technology and exceptional talent.
- Powering the future of finance.
- Check out the latest BNY news at BNY Newsroom & BNY LinkedIn.
- America’s Most Innovative Companies, Fortune, 2025
- World’s Most Admired Companies, Fortune 2025
- “Most Just Companies”, Just Capital and CNBC, 2025
Equal Opportunity
- BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.