Specialist, Corporate Actions

BNY Mellon; Pittsburgh (Allegheny County); On-site; USD 60,000 - 90,000; Full time

Job summary

BNY Mellon in Pittsburgh, PA is seeking a Specialist, Corporate Actions to join the Clearance and Collateral team. You will support mandatory and voluntary corporate action processing for client accounts and operate under guidance from senior staff.

The role emphasizes accuracy, timely notification, reconciliations, and collaboration with internal groups and external depositories to ensure smooth custody operations. A related degree and up to 3 years of experience are typical prerequisites.

Qualifications

• Bachelor's degree in a related discipline or the equivalent combination of education and experience is required.
• 0-3 years of total work experience preferred.
• Experience in financial services or corporate actions is preferred.
• Applicable local/regional licenses or certifications as required by the business.
• No direct reports.
• May have people management responsibilities in some geographies.

Responsibilities

• Responsible for mandatory and voluntary corporate actions custody functions for all organizational accounts.
• With guidance from more senior staff, process basic mandatory and voluntary corporate action events, including the daily interpretation, monitoring, scrubbing and notification of corporate action events.
• Process liability notices, allocate dividend interest payments, and process class action suits.
• Reconcile, monitor and post entitlements to client accounts, while performing daily and monthly outlier review, research and documentation, daily reconciliations for cash, security and suspense transactions, and adhering to established quality control measures and procedures.
• Research and respond to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians and/or custodians while working on multiple systems to perform corporate action processing.

Education

Bachelor's degree

Job description

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system, we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Specialist, Corporate Actions to join our Clearance and Collateral team. This role is located in Pittsburgh, PA - 4 days in office requirement.

In this role, you'll make an impact in the following ways

Responsible for mandatory and voluntary corporate actions custody functions for all organizational accounts.

With guidance from more senior staff, process basic mandatory and voluntary corporate action events, including the daily interpretation, monitoring, scrubbing and notification of corporate action events.

Process liability notices, allocate dividend interest payments, and process class action suits.

Reconcile, monitor and post entitlements to client accounts, while performing daily and monthly outlier review, research and documentation, daily reconciliations for cash, security and suspense transactions, and adhering to established quality control measures and procedures.

Research and respond to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians and/or custodians while working on multiple systems to perform corporate action processing.

To be successful in this role, we're seeking the following

• Bachelor's degree in a related discipline or the equivalent combination of education and experience is required.
• 0-3 years of total work experience preferred.
• Experience in financial services or corporate actions is preferred.
• Applicable local/regional licenses or certifications as required by the business.
• No direct reports.
• May have people management responsibilities in some geographies.

At BNY, our culture speaks for itself. Here's a few of our awards

America's Most Innovative Companies, Fortune, 2024

World's Most Admired Companies, Fortune 2024

Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024

Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024

"Most Just Companies", Just Capital and CNBC, 2024

Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024

Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.