AVP - Custody Operations & Corporate Actions

Madison-Davis, LLC; New York (NY); Hybrid; USD 125,000 - 135,000; Full time

Job summary

An established industry player is seeking an AVP for Custody Operations & Corporate Actions. This role is crucial in overseeing back-office functions related to securities settlement and custody operations. The ideal candidate will manage daily operations, ensure compliance with regulatory requirements, and enhance workflow efficiency. With a focus on corporate actions processing and client service, this position offers a dynamic environment for those passionate about finance and operational excellence. Join a forward-thinking team dedicated to maintaining the highest standards in custody services and client satisfaction.

Qualifications

• 5+ years of experience in custody operations and securities processing.
• Strong understanding of corporate actions and reconciliations.

Responsibilities

• Supervise daily custody operations and ensure compliance with regulations.
• Review and process corporate actions while managing operational risks.
• Respond to client inquiries and identify process improvement opportunities.

Skills

Securities Settlement

Corporate Actions Processing

Reconciliation

Risk Control

Compliance

Problem-solving

Client Service

Education

Bachelor’s degree in business, accounting, finance, economics, or related field

Tools

Custody Systems

Financial Technology Solutions

Job description

AVP - Custody Operations & Corporate Actions

This range is provided by Madison-Davis, LLC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$125,000.00/yr - $135,000.00/yr

Office Status: Hybrid

Job Summary:

The AVP - Custody Operations & Corporate Actions will oversee key back-office functions related to securities settlement, asset servicing, and custody operations. This role requires expertise in corporate actions processing, reconciliation, risk control, and compliance within a custody services framework. The successful candidate will manage daily operations, ensure accuracy in transaction processing, and contribute to workflow enhancements to optimize efficiency and regulatory compliance.

Key Responsibilities:

Custody Operations & Securities Processing

• Supervise daily custody operations, including securities settlement, asset servicing, corporate actions, and reconciliation.
• Monitor trade settlements, ensuring accurate and timely processing of securities transactions.
• Oversee daily reconciliation of custody holdings, corporate actions, tax withholdings, and customer reporting.
• Manage custody cash movements, including income collection, dividend payments, and tax processing.
• Ensure compliance with internal policies and external regulatory requirements governing custody services.

Corporate Actions Processing

• Review and process corporate actions, including dividends, stock splits, mergers, tender offers, and rights issues.
• Ensure accurate event capture, entitlement calculations, and timely notifications to clients.
• Coordinate with internal teams, counterparties, and depositories to ensure seamless execution of corporate actions.
• Investigate and resolve discrepancies related to corporate actions processing and entitlements.
• Act as the first line of defense in identifying and mitigating operational risks.
• Ensure adherence to regulatory requirements, internal controls, and industry best practices.
• Monitor OFAC screening, counterparty approvals, and compliance with custody-related regulations.
• Conduct investigations on unusual transactions and report findings as necessary.

Client Service & Operational Efficiency

• Respond to client inquiries related to custody operations and corporate actions in a timely manner.
• Investigate and resolve settlement discrepancies and client reporting issues.
• Identify opportunities for process improvements to enhance operational efficiency.
• Assist in the development and implementation of new custody systems and workflow enhancements.

Qualifications:

• Bachelor’s degree in business, accounting, finance, economics, risk management, or related field.
• Minimum of 5 years of experience in custody operations, securities processing, or corporate actions.
• Strong understanding of securities settlements, corporate actions, reconciliations, and custody services.
• Knowledge of regulatory requirements, including OFAC screening and compliance procedures.
• Excellent problem-solving skills and ability to manage multiple priorities in a fast-paced environment.
• Proficiency in custody systems and financial technology solutions is a plus.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance