AVP - Custody Operations & Corporate Actions

Location: New York

AVP - Custody Operations & Corporate Actions

This range is provided by Madison-Davis, LLC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$/yr - $/yr

Office Status:
Hybrid

Job Summary:

The AVP - Custody Operations & Corporate Actions will oversee key back-office functions related to securities settlement, asset servicing, and custody operations. This role requires expertise in corporate actions processing, reconciliation, risk control, and compliance within a custody services framework. The successful candidate will manage daily operations, ensure accuracy in transaction processing, and contribute to workflow enhancements to optimize efficiency and regulatory compliance.

Key Responsibilities:

Custody Operations & Securities Processing

• Supervise daily custody operations, including securities settlement, asset servicing, corporate actions, and reconciliation.

• Monitor trade settlements, ensuring accurate and timely processing of securities transactions.

• Oversee daily reconciliation of custody holdings, corporate actions, tax with holdings, and customer reporting.

• Manage custody cash movements, including income collection, dividend payments, and tax processing.

• Ensure compliance with internal policies and external regulatory requirements governing custody services.

Corporate Actions Processing

• Review and process corporate actions, including dividends, stock splits, mergers, tender offers, and rights issues.

• Ensure accurate event capture, entitlement calculations, and timely notifications to clients.

• Coordinate with internal teams, counter parties, and depositories to ensure seamless execution of corporate actions.

• Investigate and resolve discrepancies related to corporate actions processing and entitlements.

• Act as the first line of defense in identifying and mitigating operational risks.

• Ensure adherence to regulatory requirements, internal controls, and industry best practices.

• Monitor OFAC screening, counter party approvals, and compliance with custody-related regulations.

• Conduct investigations on unusual transactions and report findings as necessary.

Client Service & Operational Efficiency

• Respond to client inquiries related to custody operations and corporate actions in a timely manner.

• Investigate and resolve settlement discrepancies and client reporting issues.

• Identify opportunities for process improvements to enhance operational efficiency.

• Assist in the development and implementation of new custody systems and workflow enhancements.

Qualifications:

• Bachelor’s degree in business, accounting, finance, economics, risk management, or related field.

• Minimum of 5 years of experience in custody operations, securities processing, or corporate actions.

• Strong understanding of securities settlements, corporate actions, reconciliations, and custody services.

• Knowledge of regulatory requirements, including OFAC screening and compliance procedures.

• Excellent problem-solving skills and ability to manage multiple priorities in a fast-paced environment.

• Proficiency in custody systems and financial technology solutions is a plus.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance

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