About the Opportunity

Job Type: Fixed Term Contractor

Contract duration : 11 months.

Application Deadline: 15 April 2024

Title                 Assistant Manager – Corporate Actions - FTC

Department      Corporate Actions

Location          Dublin

Reports To       Manager - Corporate Actions

Level                Level - 4

About Fidelity International

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So join Corproate Actions , Asset Servicing , Asset Managementt Operations and feel like you’re part of something bigger

About your team

Corporate Actions are responsible for identifying, tracking, processing and reporting any Corporate Action events and Dividends, which effect any security position held by Fidelity’s retail and institutional funds, across all asset classes. The global range of Fidelity’s products and services expose the team to the full spectrum of corporate action types across most of the world’s stock markets.

Corporate actions are in daily contact with approximately 30 custodian banks and information vendors researching, analysing and verifying corporate action information. The team is responsible for notifying the Portfolio Managers and Trading Desks globally with details of voluntary corporate actions. Corporate actions collect all responses and instruct the custodian banks in line with the Portfolio Managers wishes. The team account for all corporate action and CFD dividend entitlements in the individual funds across multiple daily Net Asset Value (NAV) points. Corporate actions work to tight deadlines to meet their obligations within Asset Management Operations (AMO).

The team operates in a fast developing and dynamic environment, where technology has and is being developed to automate current workflow processes. There is also a strong emphasis on liaison with the many areas within Global Business Solutions (GBS); working collaboratively to resolve mutual issues.

 About your role

The Assistant Manager  is responsible for supporting the team in notifying the Portfolio Managers and Trading Desks globally with details of voluntary corporate actions. The team collect all responses and instruct the custodian banks in line with the Portfolio Managers wishes. There is also a strong emphasis on liaison with the many areas within Investment Services; working collaboratively to resolve mutual issues.

The Assistant Manager is responsible for supporting the team in  processing all corporate action and dividend entitlements in the accounting system on a timely and accurate basis in accordance with accounting practices. The team’s daily processes are driven by the three daily valuation points at 10.00, 12.00 & 17.00 (UK time) and all activity must be loaded and checked prior to the valuation point. The team are also responsible for confirming the availability of entitlements and unblocking these from the trading system to enable trading. Processing will also include CFD’s and pre-processing certain mandatory events the day before ex-date within the Investment Services systems to reflect corporate action entitlements in the Start of Day positions delivered to Investment Management.

Ensuring that the team completes certain daily operational tasks in accordance with defined procedures

Pro-actively review procedures and risk and ensure that issues identified are resolved

Checking accuracy of any cash dividend input to the accounting system ensuring this is completed timely

Accurately checking notifications to Portfolio Managers and Instructions to Custodians

Monitoring status of corporate actions events during their life cycle

 

Resolution of queries arising from corporate actions and escalating where necessary

Oversee the team’s Custody reconciliation breaks, both cash and stock, ensuring timely and accurate resolution

Maintaining relationships and communication between corporate actions and stakeholders, both internal and external

Assignment of actions and tasks across the corporate actions team

Providing  training and mentoring of junior members of the team

Participation in key departmental projects

Providing formal feedback on Custodian Performance and representing FIL at custodian service level meetings

About you

• Minimum 3-5 years global corporate actions experience at supervisory level
• 2 years’ experience in an asset management / asset servicing role , understanding of basic accounting principles
• Capable of juggling and prioritising