Assistant Manager, Corporate Actions and Settlements

Ambition Group; Sydney; On-site; AUD 110,000 - 150,000; Full time

Job summary

Ambition Group in Sydney is seeking an Assistant Manager to oversee Corporate Actions and Settlements within Banking Services Operations. You will lead onshore/offshore processing teams, drive process improvements, and support regulatory reporting, with an emphasis on risk controls and client service.

This role offers growth in a global custodian environment with exposure to AU/NZ markets. This permanent position requires a proactive leader who can collaborate across teams and manage key

Qualifications

• Minimum 5 years’ experience in financial services with custody operations.
• Hands-on settlements experience covering cash and securities.
• Experience with corporate actions is a plus.
• Full working rights in Australia.

Responsibilities

• Act as first point of escalation for onshore settlements and corporate actions
• Serve as SME across AU/NZ settlement and corporate action processes
• Support development of team members and operating controls
• Own resolution of reconciliation breaks for onshore teams
• Lead 1LOD/2LOD testing and regulatory reporting support

Skills

Custody operations

Settlements processes

People management

PowerPoint Excel

Communication

Education

Bachelor's degree in Business Accounting Economics

Tools

Excel

PowerPoint

Word

Job description

Assistant Manager, Corporate Actions and Settlements

Our client is a global custodian bank delivering local custody services to Australian and New Zealand clients across clearing, settlements and corporate actions. They are now seeking an Assistant Manager to join their Sydney based Banking Services Operations team on a permanent basis.

This role oversees service delivery across onshore and offshore processing teams supporting local custody offerings, spanning custody clearing, settlements and corporate actions for AU and NZ markets.

The Team

The Corporate Actions team researches and processes fixed income and equity corporate actions across AU and NZ markets, including complex events. The Clearing and Settlements team handles settlement of equities, fixed income and associated cash across both markets, including physical certificate securities. The Corporate Actions function is already running smoothly and proficiently, so the immediate priority for this role is bringing cohesion and oversight to the Settlements team.

Key Responsibilities

• Act as first point of escalation for onshore settlements and corporate actions team members
• Serve as SME across AU/NZ settlement and corporate action processes
• Support the development of team members, building strong understanding of operating models, risks and controls
• Own resolution of reconciliation breaks assigned to onshore teams, applying appropriate typology codes
• Support management with oversight of offshore settlement and corporate actions teams, ensuring strong onshore/offshore engagement
• Partner with BSO account management teams and CSMs on service delivery and query resolution
• Work with the BSO change management team to implement enhancements, drive efficiencies and submit development requests for platform releases
• Lead 1LOD and 2LOD testing requests, closing actions within agreed timeframes
• Engage with market infrastructure providers such as ASX, NZX and NZClear, including annual contingency testing
• Support timely, accurate delivery of regulatory and tax reports
• Opportunity to line manage a graduate within the corporate actions team
• Assist with documentation for client service reviews, RFPs and due diligence sessions
• Step in as acting General Manager during the manager's absence

About You

• 5+ years' experience in financial services with strong knowledge of local custody operations
• Hands on experience in settlements, covering cash, equities and overall settlement processes, ideally within a 2S custodian environment (not CIB)
• Working exposure to corporate actions and corporate announcements, though deep expertise here isn't essential
• Back office experience within a custodian bank
• Full working rights in Australia required; unfortunately WHV holders cannot be considered for this role
• Degree qualified in Business, Accounting, Economics or a related discipline preferred
• Proficient in PowerPoint, Word and Excel, with familiarity applying digital automation tools to operational processes
• Strong people management skills, with the confidence to build relationships across a diverse team
• A project mindset, keen to identify automation and efficiency opportunities that save measurable time
• Excellent written and verbal communication skills, with the ability to simplify complexity and present confidently
• A collaborative approach, comfortable liaising between team members, the manager and senior leadership