Job Description:
The Role
The Corporate Actions Analyst is responsible for the daily tasks and oversight associated with researching, soliciting, processing, and instructing on all dividend and corporate action events. 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 preferred
- Bachelor's Degree encouraged, but not required
- Proficient in most functions within the area of corporate actions research, solicitation and processing
- A solid understanding of the custody industry and mutual fund operations
- An understanding of processes used to scrub and instruct CA information using SWIFT
- Working knowledge of system applications used in the department, including an ability to adapt to a changing technical environment
- Strong communication and analytical skills, both oral and written
- Attention to detail and ability to identify risk and call out appropriately
- Ability to adapt based on business need and a changing operating environment
- Cleansing corporate action data received through custodian banks, agents, and brokers
- Transaction processing including escrow of holdings and foreign currency exchange
- Effectively facilitating Portfolio Manager solicitations and custodian bank instruction
- Ensuring accurate tax treatment is solicited prior to event processing into the accounting system
- Managing risk by monitoring custodian reports, internal exception reports, and keeping up to date statuses on internal control reporting
- Facilitating the completion of legal documentation by finalizing documents based on feedback from multiple Legal departments, external issuers, and custodian banks
- 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
- Understanding the risk inherent in the process and identifying risk mitigation opportunities
- Delivering effective written and verbal communication to appropriate business partners
- Displaying leadership qualities to manage the daily workflow, and act as a key mentor for junior analysts
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Note: Fidelity will not provide immigration sponsorship for this position.
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.
Certifications:
Category:
Investment Operations
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.