Operations Associate II - Corporate Action Services

Stifel Financial Corp.; Northern (KY); Hybrid; USD 60,000 - 90,000; Full time

Job summary

Stifel Financial Corp. is seeking an Operations Associate II - Corporate Action Services to drive accurate payments and complex reconciliations. You will interpret prospectus language, determine entitlements, and liaise with internal and external stakeholders.

The role requires collaboration, issue identification, and workflow enhancements. You will work with the team to ensure smooth operations, train associates, and contribute to department and firm-wide initiatives while maintaining high

Qualifications

• Bachelor’s Degree or equivalent experience.
• 3+ years corporate action experience.
• Proficiency with Microsoft Office Suite.

Responsibilities

• Process complex income payments such as interest and dividends and spin-offs according to procedures.
• Perform advanced reconciliation to resolve breaks with external custodians.
• Interpret prospectus language and circulars to determine entitlements.
• Calculate pro-rata distributions, exchange ratios, and fractional entitlements.
• Identify issues outside standard procedures and suggest improvements.
• Collaborate with teammates and stakeholders to improve workflows.
• Assist in training associates under supervision.

Skills

Complex income payments processing

Advanced reconciliation

Problem identification

Effective communication

Progress updates to leadership

Team collaboration

Departmental initiative support

Interpret prospectus language

Pro-rata / exchange ratios

Investigate entitlement issues

Workflow maintenance and enhancement

Education

Bachelor’s Degree or equivalent experience

Tools

Microsoft Office Suite

Job description

Why Stifel

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

Let’s talk about how you can find your place here at Stifel,where success meets success.

What You'll Be Doing

The Operations Associate II - Corporate Action Services is responsible for aiding in driving departmental results by accurately processing complex income payments and advanced reconciliation activity within Corporate Action Services, as well as additional tasks which could require more experience and expertise to perform. This position requires a sound understanding of the corporate action lifecycle, including interpreting prospectus language and legal circulars to determine event entitlements and calculating pro-rata distributions, exchange ratios, and fractional share entitlements, while serving as a liaison to internal and external stakeholders. This position will require strong collaboration among team members and the ability to identify issues outside standard procedures, enhance operational workflows, and assist in training associates under direct supervision.

What We're Looking For

• Accurately process complex income payments such as interest, dividend, stock dividend, andspinoff components while adhering to departmental procedures and guidelines provided byleadership.
• Proficient processing of advanced reconciliation activity to resolve “breaks” between firm records and third-party custodians as well as additional higher-level tasks for the department.
• Identify potential problems or issues that fall outside of standard procedures and provide leadership with ways to improve operational efficiency.
• Demonstrate effective communication skills within the department and to key stakeholders.
• Provide timely updates on progression of job responsibilities to leadership.
• Demonstrate the ability to work collaboratively both within a team and outside of the department.
• Assist in the advancement of both departmental and firm-wide initiatives when needed.
• Interpret complex prospectus language and legal circulars to determine event entitlements.
• Calculate pro-rata distributions, exchange rations, and fractional share entitlements.
• Investigate and resolve entitlement discrepancies and missed payments.
• Assist in the maintenance, updating, and enhancement of operational workflows and procedures.

What You'll Bring

• Demonstrate strong attention to detail to minimize risk to the firm.
• Ability to take initiative and be self directed to accomplish tasks.
• Ability to utilize sound judgment to assist with more complex issues with the ability to disseminate relevant information to leadership.
• Able to handle large workloads that vary based on heavy volume periods.
• Ability to work autonomously throughout the day based on performance criteria provided by leadership.
• Ability to assist in training both new and existing associates on departmental processes regarding the advisory account services processes.

Education & Experience

• Minimum Required: Bachelor’s Degree or equivalent experience.
• Minimum Required: 3+ years corporate action experience, including awareness of operational risk, and the corporate action lifecycle.

Systems & Technology

• Proficient in Microsoft Office Suite, including Outlook, Word, Excel, and PowerPoint. #LI-AS1

About Stifel

Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel is an Equal Opportunity Employer.