Manager, Investment Corporate Actions bei Fmr

Position Description: 

Conducts data analysis, automation, and process improvement activities and provides a secondary review of manual processing tasks, including accounting processing, foreign exchange, reconciliation, and escrow processing. Conducts weekly reporting of critical-aged breaks, identifies and escalates high-risk items, and supervises the timely resolution of critical-aged breaks. Handles the reconciliation of complex corporate action events through research, analysis, and comprehension of terms, elections from portfolio managers (when applicable) and respective entitlements and allocations post-processing. 

Primary Responsibilities: 

• Liaises with internal trading desks to provide real-time confirmation of Corporate Actions entitlements to allow execution of urgent trading requests.  

• Serves as point of contact for various internal business partners including Fund Accounting, Pricing, Trade Operations, Cash Management and Relationship Management.  

• Engages in process improvement, data analysis, automation, and change management.  

• Assists IT and systems teams for Quality Control and Quality Assurance testing purposes of new applications and new capabilities of systems. 

• Collaborating with external (external agents, custodian banks, and external legal counsel) and internal (trading desk, legal counsel, accounting, and processing) groups to reflect change to corporate structures. 

• Allocates associate workload to meet intraday deadlines by managing industry-wide system Frontier Centralized Reconciliation (FCR) for corporate action queues. 

• Allocates appropriate staffing to meet daily Service Level Agreements (SLAs). 

Education and Experience: 

Bachelor’s degree (or foreign education equivalent) in Business Analytics, Finance, Economics, Statistics, Mathematics, or a closely related field and three (3) years of experience as a Manager, Investment Corporate Actions (or closely related occupation) performing data engineering and analysis using InvestOne, R-Studio, Alteryx, and Frontier Centralized Reconciliation (FCR) in a mutual fund performance environment. 

Or, alternatively, Master’s degree (or foreign education equivalent) in Business Analytics, Finance, Economics, Statistics, Mathematics, or a closely related field and one (1) year of experience as a Manager, Investment Corporate Actions (or closely related occupation) performing data engineering and analysis using InvestOne, R-Studio, Alteryx, and Frontier Centralized Reconciliation (FCR) in a mutual fund performance environment. 

Skills and Knowledge: 

Candidate must also possess: 

• Demonstrated Expertise (“DE”) performing audit and client inquiry management, using current accounting concepts for standard financial assets and products, new alternative instruments, fund structures, and accounting platform InvestOne. 

• DE executing process improvement projects for key corporate action work streams to affect change to the business using Agile methodologies (Jira) and business value metrics; and automating and improving processes using data analytic tools R-Studio and Alteryx. 

• DE developing and maintaining reconciliation workflows and procedures related to complex corporate actions processes (corporate reorganizations, IPOs, and private debt restructuring events) using FCR; and identifying and mitigating areas of risk within these workflows by initiating and implementing process improvements using Jira. 

• DE reconciling cash and positions and updating trading systems using FCR system to allow portfolio investment strategies and downstream business partners to calculate net asset values for impacted portfolios. 

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