GROUP DESCRIPTION :
The Corporate Actions Group within Operations manage the lifecycle of Voluntary & Mandatory Reorganizations, Redemptions, Dividends, Principal & Interest, Proxy, and Class Actions.
POSITION: The Corporate Actions Group is seeking an experienced individual for our Jersey City, NJ office (currently a Hybrid work model) to perform the below responsibilities for Corporate Actions on issuers of the Americas. Emphasis is on Voluntary Corporate Actions such as SPACs, Rights Offerings, Warrant Exercises, Exchange Offerings, Tender Offerings (inclusive of Dutch Auctions & Bid Tenders), Consent with fees, exercises of Dissent/Appraisal Rights, and Conversions.
PRIMARY RESPONSIBILITIES:
- Validate depository/agent announcements on Voluntary Corporate Actions
- Notification of offer terms to the designated account representatives
- Liability exchanges with counterparties on securities lending and fails
- Streetside consolidation of positions to minimize liabilities
- Coordination & partnership with the London Reorg team on securities dually eligible in DTC & Euroclear
- Instruction reconciliation & submission
- Processing of various events on SPACs including, but not limited to, Redemption Rights, Unit Separations, & Proxy Voting
- Payment reconciliation of Voluntaries, Mandatories, and Redemptions
- Entitlements processing of Voluntaries, Mandatories, and Redemptions
- General Ledger reconciliation and reporting
- Client inquiry research and resolution
- Proxy overvote reconciliations
- Class Action data submissions to Claims Administrators
- Distressed Loan Restructurings (i.e., validate entitlements of each impacted trade, follow-up with trade closers on aged unsettled trades, reconciliation & reporting of balances owed to/from counterparties)
- Corporate Action processing for foreign affiliates of Jefferies LLC on issuers of the Americas
REQUIRED BACKGROUND:
- Bachelor’s degree from an accredited college or university and 10+ years of Voluntary Corporate Actions processing experience at a broker-dealer .
- Experience with processing fails and stock loans/borrows on positions affected by Reorg
DESIRED SKILLS:
- Excellent written and verbal communication skills
- Demonstrated decision-making, problem solving, and ability to multi–task in a fast-paced environment
- Detail-oriented with exceptional critical thinking
- Knowledge of other Corporate Action events (i.e., Dividends and P&I)
- Use of BPS, DTC PBS/CA WEB/Settlement Web, Citi Velocity, XSPrisa Experience with Distressed Loans
Primary Location Full Time Salary Range of $110,000 - $140,000