Associate, Corporate Actions

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Corporate Actions Associate

Location: Jersey City NJ

Mandate

The Associate Corporate Actions requires an Independent self-motivated individual that will provide daily Corporate Actions support of Firm Trading and Equity Finance accounts. Daily responsibilities will include the full life cycle processing of all North American corporate action events across the multiple entities for Capital Markets. BMO is a long-established Tier 1 broker dealer with a history of being in the forefront of Equity Finance and Proprietary Trading and is looking for a motivated team member to be part of a dynamic department.

The NAM Corporate Actions team will service the trades/positions on Six BMO business entities.

SUMMARY OF QUALIFICATIONS

• Reports to the Sr. Manager of the NAM Corporate actions team.
• Full understanding of end-to-end processing of the corporate action lifecycle from announcement capture through to the final entitlement reconciliations
• Daily liaison with trading desks ops groups accounts and institutional counterparties is needed to ensure the efficient processing of elections and entitlement setups
• Daily monitoring and clearance of cash/stock reconciliations
• Working with the team manager to fulfil year-end/mid-year reviews and individual goal setting
• Able to adapt to future departmental projects. Projects include the integration of voluntary corporate actions processing into the new in-house entitlement tracking system (EnTrack) and the external vendor system.
• Manage and monitor complex corporate action types that have a significant amount of risk associated.
• Make independent decisions within established guidelines procedures and Letter of Authority/authority levels in resolution/escalation of problems including system software and hardware failures.
• Escalate all unresolved processing issues to the appropriate level as the guidelines.
• Develop initiatives to avoid repetition of operational issues.
• Act as SME in Corporate Actions & Entitlements
• Maintain key controls and review processes quarterly
• Identify potential risk situations within the scope of work (e.g. risk assessments) make recommendations and/or escalate to senior management where appropriate and ensure contingency plans exist.
• Contribute to the management of risk and minimize losses through monitoring and controlling various reports and taking appropriate actions ensuring compliance requirements audits and verifications are completed in accordance with Bank P&Ps.

Industry Knowledge and Skills

• 5 years experience in asset servicing with a Minimum of 3 years experience in a voluntary corporate actions role. Within a Top/Mid-tier broker dealer or Bank
• Strong AI proficiency with a demonstrated eagerness to learn and apply innovative solutions to enhance and optimize processes.
• Undergraduate degree with a solid mathematics component or an equivalent depth of knowledge via experience/training
• Experience servicing cash Prime Brokerage clients is preferable
• Strong Understanding of voluntary election arbitrage
• Strong working knowledge of Canadian BPS CDS DTC and Microsoft office applications such as Excel
• Strong time management and organizational skills
• A collaborative approach to working with teams in other geographical locations for the running of BAU work as well as ongoing project work
• The ability to spot gaps therefore risk in the process with the corresponding ability to provide workable solutions
• Team player We are a stable group with a high retention rate of engaged employees. This is to be fostered by following the group ethos of being candid respecting others and showing diligence in all that we do
• Solid understanding of business units risk and regulatory requirements
• Work effectively with high volume of corporate action events that have deadline constraints
• Ability to multi-task in a fast-paced environment
• Project Management experience seeing implementations and integration of key systems.

System knowledge:

BPS/ADP Global One Vendor Data sourced systems IMatch Global Frame Work DTC CDS/Okta and BNP Neolink Co-Pilot-an asset

This role operates within a hybrid working environment which entails balancing meaningful time spent in the office for collaboration and connection with teams based on the expectations of your business group and role along with time spent working remotely.

Salary:

Pay Type:

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performance-based incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting positive change for our customers our communities and our people. By working together innovating and pushing boundaries we transform lives and businesses and power economic growth around the world.

As a member of the BMO team you are valued respected and heard and you have more ways to grow and make an impact. We strive to help you make an impact from day one for yourself and our customers. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From in-depth training and coaching to manager support and network-building opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.