Corporate Action Stock Plan, Associate - Wealth Management Operations

Work as part of a team analyzing and processing corporate action events for stock plan participants. Primary responsibilities will include ensuring timeliness and quality of corporation action announcements; generating appropriate bookkeeping entries for entitled holders and reconciliation and resolution of receivables and payables. Corporate Action events will include dividends, mergers, exchanges and tenders. Other responsibilities would include risk analysis and mitigation, assisting in process improvement initiatives and process documentation. Individuals would also be responsible for the compilation and distribution of various management and regulatory reports as well as being responsive to internal and external queries. Skills required for the position would include: In-depth knowledge of DTCC dividend and reorganization processing routines, systems, and methods for all functions. Product specific knowledge of equities and ADRs (American Depository Receipt), including depository reconciliation, foreign tax certifications and conventions, U.S. tax reporting implications and interim accounting. Sound reconciliation, specifically relating to omnibus account structures and analytical skills with understanding of systems dependencies and downstream financial impact. Strong communication skills (both written and verbal) to interact with external contacts at depositories and agents, and to interact with internal clients up to the officer level.

For successful performance in this role, individual should demonstrate skill competencies including but not limited to the following areas:

Business knowledge: A thorough functional and conceptual understanding of the product and process for which they are responsible. Demonstration of concepts including:

-Cash and Stock Dividends (ordinary income, return of capital, stock splits, spin-offs, foreign and domestic optional stock dividends, dividend reinvestment)

- Foreign Tax Certifications

- Reorg Event processing (mandatory and voluntary)

- Data Integrity and Validation (ability to identify anomalies and potential risk)

In addition, an individual should understand process drivers and elements of risk inherent to specific processes. Works to augment and enhance technical skills as needed.

Client impact: An understanding of how an individual?s processes impact the overall client experience. Provides input in defining client needs and implements solutions. Correspondence to client inquiries (both internal and external clients) occurs in a timely and professional manner.

Communication Skills: The ability to express ideas clearly, demonstrating the capacity to communicate effectively both verbally and in writing.

Ownership and initiative: The ability for an individual to work independently without supervision. Is accountable for individual assignments and element of team results. Possess the ability to create and implement ideas that lead to positive change. Seeks involvement on projects/responsibilities outside immediate scope of responsibilities.

Critical thinking and active learning: Ability to identify basic problems and establish new solutions. Taking ownership of one?s career by supplementing knowledge and skills both on the job and in the classroom.

Efficiency and teamwork: The ability to complete tasks in a timely and accurate manner, utilizing available tools to expedite the process. Contribute analytical capability and/or knowledge and experience to problem resolution and idea generation.