Madison-Davis, LLC
AVP - Custody Operations & Corporate Actions
Madison-Davis, LLC, New York, New York, us, 10261
AVP - Custody Operations & Corporate Actions
This range is provided by Madison-Davis, LLC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$125,000.00/yr - $135,000.00/yr Office Status: Hybrid Job Summary: The AVP - Custody Operations & Corporate Actions will oversee key back-office functions related to securities settlement, asset servicing, and custody operations. This role requires expertise in corporate actions processing, reconciliation, risk control, and compliance within a custody services framework. The successful candidate will manage daily operations, ensure accuracy in transaction processing, and contribute to workflow enhancements to optimize efficiency and regulatory compliance. Key Responsibilities: Custody Operations & Securities Processing Supervise daily custody operations, including securities settlement, asset servicing, corporate actions, and reconciliation. Monitor trade settlements, ensuring accurate and timely processing of securities transactions. Oversee daily reconciliation of custody holdings, corporate actions, tax withholdings, and customer reporting. Manage custody cash movements, including income collection, dividend payments, and tax processing. Ensure compliance with internal policies and external regulatory requirements governing custody services. Corporate Actions Processing Review and process corporate actions, including dividends, stock splits, mergers, tender offers, and rights issues. Ensure accurate event capture, entitlement calculations, and timely notifications to clients. Coordinate with internal teams, counterparties, and depositories to ensure seamless execution of corporate actions. Investigate and resolve discrepancies related to corporate actions processing and entitlements. Act as the first line of defense in identifying and mitigating operational risks. Ensure adherence to regulatory requirements, internal controls, and industry best practices. Monitor OFAC screening, counterparty approvals, and compliance with custody-related regulations. Conduct investigations on unusual transactions and report findings as necessary. Client Service & Operational Efficiency Respond to client inquiries related to custody operations and corporate actions in a timely manner. Investigate and resolve settlement discrepancies and client reporting issues. Identify opportunities for process improvements to enhance operational efficiency. Assist in the development and implementation of new custody systems and workflow enhancements. Qualifications: Bachelor’s degree in business, accounting, finance, economics, risk management, or related field. Minimum of 5 years of experience in custody operations, securities processing, or corporate actions. Strong understanding of securities settlements, corporate actions, reconciliations, and custody services. Knowledge of regulatory requirements, including OFAC screening and compliance procedures. Excellent problem-solving skills and ability to manage multiple priorities in a fast-paced environment. Proficiency in custody systems and financial technology solutions is a plus. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance
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This range is provided by Madison-Davis, LLC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$125,000.00/yr - $135,000.00/yr Office Status: Hybrid Job Summary: The AVP - Custody Operations & Corporate Actions will oversee key back-office functions related to securities settlement, asset servicing, and custody operations. This role requires expertise in corporate actions processing, reconciliation, risk control, and compliance within a custody services framework. The successful candidate will manage daily operations, ensure accuracy in transaction processing, and contribute to workflow enhancements to optimize efficiency and regulatory compliance. Key Responsibilities: Custody Operations & Securities Processing Supervise daily custody operations, including securities settlement, asset servicing, corporate actions, and reconciliation. Monitor trade settlements, ensuring accurate and timely processing of securities transactions. Oversee daily reconciliation of custody holdings, corporate actions, tax withholdings, and customer reporting. Manage custody cash movements, including income collection, dividend payments, and tax processing. Ensure compliance with internal policies and external regulatory requirements governing custody services. Corporate Actions Processing Review and process corporate actions, including dividends, stock splits, mergers, tender offers, and rights issues. Ensure accurate event capture, entitlement calculations, and timely notifications to clients. Coordinate with internal teams, counterparties, and depositories to ensure seamless execution of corporate actions. Investigate and resolve discrepancies related to corporate actions processing and entitlements. Act as the first line of defense in identifying and mitigating operational risks. Ensure adherence to regulatory requirements, internal controls, and industry best practices. Monitor OFAC screening, counterparty approvals, and compliance with custody-related regulations. Conduct investigations on unusual transactions and report findings as necessary. Client Service & Operational Efficiency Respond to client inquiries related to custody operations and corporate actions in a timely manner. Investigate and resolve settlement discrepancies and client reporting issues. Identify opportunities for process improvements to enhance operational efficiency. Assist in the development and implementation of new custody systems and workflow enhancements. Qualifications: Bachelor’s degree in business, accounting, finance, economics, risk management, or related field. Minimum of 5 years of experience in custody operations, securities processing, or corporate actions. Strong understanding of securities settlements, corporate actions, reconciliations, and custody services. Knowledge of regulatory requirements, including OFAC screening and compliance procedures. Excellent problem-solving skills and ability to manage multiple priorities in a fast-paced environment. Proficiency in custody systems and financial technology solutions is a plus. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance
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