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Custody Corporate Action Analyst

Company: Hang Seng
Location: Jersey City
Posted on: June 4, 2021

Job Description:

Job DescriptionDescriptionThe HSBC Custody Asset Services Department is responsible for the processing of corporate actions related to equity and fixed income products through the lifecycle of the corporate event. In addition to the allocation we are responsible for ensuring all details of the event are accurate and reflect market practice. We are responsible for the issuance of announcements with the correct market information for our clients to ensure seamless allocation. The job requires the ability to dedicate full attention to all details regardless of the simplicity. The events include all income processing events and mandatory corporate action event types in a custody environment. Primary Responsibilities/Essential Functions: Asset Services support in a custody environment, all components of corporate action processing and reconciliation Requires previous experience in scrubbing of corporate action events for announcement to custody clients, for income allocation and mandatory event. IE Cash Dividends US and ADR Bonds Interest US / Fgn Mandatory reorganization ie splits, spin off, dividends, mergers, calls, maturities, 302 tax etcc. Requires market knowledge of US corporate action events Strong understanding of DTCCs platform Knowledge of Broadridge processing systems a plus Strong client service skills Knowledge of ISO Swift messaging Act as liaison with internal/external business partners Products include US Equities and Fixed Income securities Decision-Making Responsibility: Must interpret corporate action notices and determine HSBC response Independent decision making abilities while engaging Management at all times Must ensure all regulatory requirements are understood and met Performs according to prescribed procedures. Management of Risk Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations. Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues. Provide support and guidance to all internal tax related areas with respect to tax related queries. Each employee must promote an environment that supports diversity and reflects the HSBC brand. Observation of Internal Controls Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year-end performance assessments. Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy. QualificationsEmployment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions Computer literacy, knowledge of Excel and Word, detailed oriented, good problem solver, should have good communication skills Knowledge of US markets, Fixed income and Equity products Minimum of 2 years experience in processing corporate actions All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Keywords: Hang Seng, Jersey City , Custody Corporate Action Analyst, Other , Jersey City, New Jersey

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