About the Role:

Grade Level (for internal use):

About the Role:

The Team:

The Corporate Actions Data Operations team is responsible for corporate actions validation operations, customer support and new client onboarding, vendor management, quality control, and strategic support for new product initiatives. 

The Corporate Actions validation Data Operations team monitors domestic and international corporate actions announcements from the point of notice inception and conducts a stringent cleansing process. Managed Corporate Actions receives information from vendor feeds, Depositories, Custodians, Agents, Stock Exchanges and Press Releases and the global operations team of corporate actions experts researches and enriches records to produce validated corporate actions composite records for clients to pass notification on to their clients to take investment decisions, submit instructions and allocate entitlements that result from the event. 

Responsibilities and Impact:

The Corporate Actions analyst leverages unique knowledge of local market practices and corporate action event nuances to conduct research to enrich the information that is passed on to clients.  The Corporate Actions analysts are responsible for using discretion and subject matter expertise to ensure that the state of each composite record clearly and accurately defines the terms of the corporate action in order for clients to correctly pass notification on to their clients to conduct investment decisions and to correctly allocate entitlements resulting from the corporate action.  The successful candidate is expected to be highly intellectual, research focused and attentive to detail in order to be able to leverage his or her knowledge of local market practices and event specifics to gather findings and make decisions that could potentially have a significant monetary impact on downstream clients.  

Key functions include research and analysis to correctly validate the accuracy of announcement publication initiated by information received from suppliers and local custodians.  This involves leveraging knowledge and expertise to determine the correct sources for the most comprehensive information, interfacing with agents, investor relations, and clients to investigate scenarios that are often unique and require significant investigation to reach a correct answer.  The analyst role involves substantial contact with clients, who often request additional information and explanations from analysts around Markit’s decisions and guidance on how to handle and interpret specific corporate actions.  

• Review corporate action announcements and conduct research to obtain details required to validate and complete announcements for publication of composite records to clients 
• Conduct research leveraging various sources, including prospectuses, information circulars, exchanges and bulletins, internet search engines and websites in conjunction with individual comprehension to successfully validate corporate action information. 
• Interface with Domestic and Foreign Paying/Transfer/Information Agents, Vendors, Custodians, Banks, Exchange Officials, to obtain corporate action specifics. 
• Review and validate event notification received from agents against issuer golden copy. 
• Reconcile with issuer golden copy by directly liaising with custodians/agents. 
• Highlight exception scenarios that will assist clients in their downstream processing. 
• Validate information for the clients as per the SWIFT messages received from the agents and ensuring notification is sent with all key dates, details, options deadlines and the options available for elections.  
• Escalate unresolved discrepancies to clients and escalation managers. 
• Review daily exception reports; research and resolve exc