About the Opportunity

Job Description

Title Junior Analyst – Corporate Actions

Department Corporate Actions, Asset Servicing, AMO

Location Bangalore, India

Reports To Senior Manager- Corporate Actions, Asset Servicing, AMO , Bangalore, India

Level Level - 2

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 CA Analyst is responsible for processing all corporate action and dividend entitlements in the accounting / investment book of records systems 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.

• Role will be a combination of Corporate Actions BAU and Project role such as testing upgrades / systems, successful candidate should be open to take on tasks covering all areas of the Corporate Actions Team
• Ensuring all corporate actions are captured ,scrubbed to multiple sources & accurately released into the Corporate Action system.
• Identification, escalation and resolution of corporate action issues with particular emphasis on time critical and complex issues and managing custodian deadlines
• Preparation of voluntary corporate action notifications for distribution to the fund managers and trading desks
• Timely instructing of Custodians on Optional events via MT565 messaging through Smartstream TLM Corporate Action system and other ad-hoc means when required, to ensure deadlines are met.
• Ensure all corporate actions are loaded to the accounting & IBOR system on a timely and accurate basis
• Ensure positions are placed into escrow as required and removed when available at the custodian
• Accruing Cash Dividends in the Accounting system

• Providing feedback on custodian and vendor performance to the management team

• Completion of key daily ad-hoc tasks as required
• Liaison with other Operational areas such as Settlements, Pricing, Data Management and Fair Value and in Investment Management with the local Portfolio Service Groups

About you

• Ideally up to a year Global Corporate Action experience preferably gained in an Investment Management environment
• Some experience in working on projects with good analytical skills while liaising with multiple stakeholders
• Good time management skills with emphasis on ability to prioritise own work & meet tight deadline & solution finding
• Strong attention to detail

• Effective communicator and self-starter with a dynamic “can do” attitude with a strong desire to make things happen
• Basic working knowledge of Equity / Fixed Income / Derivative type instruments
• Strong Excel knowledge

• Good team worker sharing knowledge effectively and showing a flexible work approach

• Understanding of basic accounting principles

Feel rewarded

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.