Asset Servicing Associate I

Elevate your career as an Asset Associate in our Custody Asset Service team! Join us to ensure operational excellence and deliver exceptional client experiences. Leverage your skills in cash and securities reconciliation while making a meaningful impact in the financial services industry. Your journey to professional growth starts here!

Job Summary:

As an Asset Associate within the Custody Asset Service team, you will ensure the timely and accurate completion of controls, checks, client payments/allocations, and queries. You will be primarily responsible to reconcile cash and security processed on back of Voluntary and Mandatory corporate action events, also responsible to allocate clients entitlement in the firms systems within the defined SLA. Collaborating with various teams, you will address operational issues and manage your workload to meet team and departmental objectives. Your role will involve reviewing and updating processes to minimize risk, providing support and training to enhance the client experience, and assisting in managing the instruction process.

Job Responsibilities:

• Timely reconciliation of cash & security and transaction processing of Corporate action events happening in western hemisphere markets, mainly USA , Canada and Brazil.
• Ensure timely and accurate completion of Controls, Checks, Payments, and Queries on a daily basis.
• Manage group email boxes and internal enquiry management tools to resolve queries within prescribed service levels.
• Collaborate with Product, Network Management, Sub custodians, and vendors to resolve operational issues.
• Manage individual workload to meet team and departmental deadlines and objectives.
• Review and update processes or procedures to minimize risk and improve operations.
• Provide support, guidance, and training to enhance the global client experience.
• Adhere to all departmental procedures, policies, checkpoints, and controls.
• Ensure manual work within the process are assessed and addressed appropriately to ensure process efficiency and risk mitigation.
• Review manual Controls for Timely Execution and Checks for accuracy.

Required Qualifications, Capabilities, and Skills:

• Essential financial services background, within a Custody or Asset Servicing environment (Income / Corporate Actions).
• Minimum 2 years of experience in cash reconciliation between Ledger & Nostro accounts, and Corporate action payment processing (Dividend & Interest)
• Good experience in cash & security reconciliation for Asset servicing product mainly for Income related events like Cash Dividend, Interest announced by DTC
• Proven track record of risk reduction in a risk-based environment.
• Experience demonstrating strategic and analytical thinking.
• Ability to work in a changing environment, learning, documenting, and implementing new processes efficiently.
• Strong communication skills, both oral and written, with management, clients, and colleagues.

Preferred Qualifications, Capabilities, and Skills:

• Relevant degree education preferred; non-degree candidates with a proven track record will be considered.
• Prior experience in Custody operation business, particularly in Asset servicing/Corporate Action processing business.
• Experience with Asset Servicing operating systems/platforms preferred (TCS BaNCS or third-party vendor management advantageous).
• Knowledge of market processes, requirements, and regulations.
• Proficient in Microsoft Office.
• Good understanding of DTC or SWIFT messages types specifically messages used in Asset servicing.