Corporate Actions Associate

$75,000 - $90,000/Yr

Futu - Jersey City, NJ

Full-time - Mid Level

Onsite - Jersey City, NJ

Repair and Maintenance

About the position

The Corporate Actions Associate at Futu US Inc. plays a crucial role within the Securities Processing Operations team, responsible for managing complex corporate actions related to both domestic and foreign securities. This position involves processing voluntary and mandatory corporate actions, responding to client inquiries, and ensuring accurate reconciliation of client and firm positions. The role requires a strong understanding of legal materials and extensive interaction with various internal and external stakeholders to resolve issues and improve service levels.

Responsibilities

• Process Voluntary and Mandatory Corporate actions and Dividends timely and accurately.
• Review and investigate client inquiries and provide resolution in a timely manner.
• Process end-to-end corporate action event life cycle across cash, non-cash and elective events for all equity and fixed income securities.
• Interact with internal partners and external parties, including custodians, transfer agents and contra firms, to facilitate processing of transactions.
• Perform key reconciliation and control tasks to support processing of the corporate action lifecycle and break management.
• Identify process improvements, shortfalls, and control gaps, and work with the management team to propose effective solutions.
• Identify and manage risk within the events and processes through the appropriate application of procedural requirements.
• Manage events in various web-based platforms; appropriately escalating issues to team management.
• Anticipate issues that may adversely affect Operations and proposing possible solutions.
• Understand the implication of processes on other groups and downstream systems.

Requirements

• 2-3 years' experience processing corporation actions in a back office clearing environment.
• Series 99 required, if not held, must be able to obtain within 6 months of hire.
• Experience processing Dividends is preferred.
• Strong written and verbal communication skills.
• Excellent interpersonal skills along with the ability to collaborate and communicate effectively.
• Ability to work both independently and within a team environment.
• Self-reliant and results oriented.
• Basic knowledge of Equity and Fixed Income products.
• Able to learn quickly and be adaptable to a changing environment.
• Detail-oriented and able to maintain accurate and complete records.
• Strong analytical and problem-solving skills.
• Ability to work in a high-pressure environment, with conflicting demands and under tight deadlines.
• Proficiency working with Excel, Outlook, and web-based applications.

Benefits

• 401(k) matching
• Health insurance
• Paid holidays
• Paid time off