Job Description

The primary responsibility is reconciling stock and cash discrepancies arising from corporate action event proceeds that were not automatically processed within the system. The role requires strict adherence to established procedures to resolve system exceptions efficiently and accurately. This role requires focus, accuracy, and the ability to work within a structured framework while managing multiple tasks effectively

Key Responsibilities

· Monitor system queues for failed incoming SWIFT (MT565) and faxed client corporate action election instructions, and process them correctly to the next step in the workflow.

· Monitor queues for failed outgoing SWIFT (MT567) messages to local sub-custodians or markets, investigate basic issues, fix errors as per procedures, and reprocess messages before deadlines.

· Perform basic checks on corporate action event setups in internal systems and confirm eligibility prior to event deadlines.

· Review corporate action announcements, mainly Cash Dividend and Interest events from US DTC, and update or align event details in internal systems as instructed.

· Escalate any mismatches or issues to senior team members and work with internal teams, DTC, or vendors as required.

· Reconcile eligible positions and cash between Client and local sub-custodians for corporate actions using MT564 (REPE/RMDR) messages or other information.

· Process and reconcile incoming MT566 or DTC CACO payment messages for corporate action entitlements.

· Assist with reconciliation of Nostro cash accounts and internal payables/receivables, and raise any breaks (including stock breaks from corporate actions) for investigation within defined SLA timelines.

· Follow standard operating procedures (SOPs), meet daily cut-offs, and maintain accurate records of all processing completed.

Required Skills:

· Proficiency in Microsoft Excel, including basic functionalities such as lookups, formulas, and keyboard shortcuts.

· Strong ability to read and execute detailed operating procedures.

· A quick learner with the capability to understand various processing applications and payment systems

Preferred Experience:

· Prior experience in Banking Custody operation business, particularly in Corporate Action operations.

· Familiarity with cash and stock transaction processing for corporate action events, particularly for Mandatory Income events for western hemisphere markets mainly US & Canada.

· Understanding of SWIFT messages especially MT566 and/or DTC CANO and CACO messages, , is highly advantageous.

Benefits

Full-time employees (working an average of 30 hours or more) are eligible to select from different benefits packages. Packages may include medical, dental, and vision benefits, a 401(k) retirement savings plan with employer match (available after 1 year of employment), commuter benefits, employee discount and referral programs, and life and supplemental income insurance. Paid sick leave is provided in accordance with applicable state and local laws.

Compensation

Final offer amounts, within the base pay set forth above, are determined by factors including your relevant skills, education, and experience, as well as the benefits package you select.

Work Authorization

ATR International, Inc. cannot sponsor work visas (H-1B, F-1 STEM OPT with I-983, or similar). Candidates must have valid U.S. work authorization.

ATR International, Inc. is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Pay Range: $29.90-36.31/hr

Job Tags

Similar Jobs