Job Description:
The Role
The Corporate Actions Analyst is responsible for the daily task and processing associated with Mandatory and Voluntary Corporate Actions. The role will interact with many groups within the Fidelity organization and effectively represent the business to customers and business partners.
The Expertise and Skills You Bring
- 3 years of financial services experience with an asset manager or custodian bank, preferably in mutual fund operations with exposure to Corporate Actions
- 2+ years of Corporate Actions experience or experience navigating Accounting System entries
- Bachelor's Degree encouraged, but not required
- A solid understanding of the custody industry and mutual fund operations
- An understanding of processes and information flow utilizing SWIFT
- As a Corporate Actions Analyst, you should be proficient in most functions within the area of corporate action's research, solicitation, and processing. Having solid understanding of system applications used in the department, including an ability to adapt to a changing technical environment. You must have a keen sense of attention to detail and ability to identify risk and escalate appropriately. The ability to cleanse corporate action data received through custodian banks, agents, and brokers. You will work closely with your team on various types of transaction processing including escrow of holdings and foreign currency exchange.
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- Managing risk by monitoring custodian reports, internal exception reports, and keeping up to date statuses on internal control reporting
- Assisting business partners with critical issues and requests to expedite pending items
- Analysis of prospectus' information relating to corporate actions and announcing appropriately
- Working with managers and team leaders to identify operational improvements
- Displaying leadership skills to manage the daily workflow, and act as a key mentor for junior analysts
The Team
This team is responsible for all aspects of corporate action research and processing for assets across the approximately $2 trillion worth of assets under management, including actions cumulatively affecting securities worth in excess of $1 billion at a given time. The Global Middle Office acts as a servicing center for FMR Co.'s trading desks globally, facilitating the confirmation and settlement of security and currency transactions with brokers and custodian banks, and providing daily cash estimates to Trading. It is also responsible for coordinating corporate action executions, ensuring the collection of income to the Funds, resolving position differences and facilitating securities lending activities.
Fidelity will reasonably accommodate associates with disabilities who need adjustments to participate in the application or interview process, or to perform the essential functions of their job.
For roles based in the US : Visit myHR and search for "accommodation" to review Fidelity's Reasonable Accommodation for Disabilities Policy. To initiate a request for an accommodation, contact the HR Leave of Absence/Accommodation Team by completing the Accommodation Request Form on myHR, or by calling 800-835-5099, prompt 2, option 2.
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
Join Us
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.