Job Description

About the Opportunity Job Type: Permanent

Application Deadline: 31 January 2024

Title Assistant Manager \xe2\x80\x93 Corporate Actions & Income

Department Corporate Actions & Income, ISS COO Fund Servicing & Oversight (FSO)

Location Bangalore, India

Reports To Manager- Corporate Actions & Income, ISS COO Fund Servicing & Oversight (FSO)

Level Level - 4

We\xe2\x80\x99re 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 our Service Implementation Team in Asset Management Operations and feel like you are part of something bigger.

About your team

Corporate Actions is responsible for identifying, tracking, processing and reporting Corporate Action events and Dividends, which effect any security position held by Fidelity\xe2\x80\x99s retail and institutional funds, across all asset classes. The global range of Fidelity\xe2\x80\x99s products and services exposes you and the team to the full spectrum of corporate action types across most of the world\xe2\x80\x99s stock markets.

A Day in Corporate Actions

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.

The team is responsible for 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 team is responsible for processing all corporate action and dividend entitlements in the accounting system on a timely and accurate basis in accordance with accounting practices. The team\xe2\x80\x99s 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\xe2\x80\x99s 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.

About your role

As an Assistant Manager in Corporate Actions, you will be responsible for 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 along with the additional following activities:

• Ensuring adherence to departmental procedures
• Resolution of queries arising from corporate actions and escalating where necessary
• Providing formal feedback on Custodian Performance and representing FIL at custodian service level meetings
• Oversee the team\xe2\x80\x99s 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
• Working with the Manager in setting individuals\xe2\x80\x99 goals and providing input to the wider departmental goals
• Support line manager in training and mentoring of junior members of the team
• Participation in key departmental projects

About you

The role will focus on performing some of the checks in the Corporate Actions group including validating entries in the accounting system, providing support, guidance and direction to the Analysts and Senior Analysts in the team as well as assisting the Manager in people and team development. Therefore, a minimum 3 - 5 years global Corporate Actions experience at a Supervisory level is required along with the following attributes:

• Experience within an Investment Management environment is desirable
• Good time management skills with emphasis on ability to prioritise own work and meet tight deadlines
• Strong attention to detail and be able to work effectively during pressure periods
• Good team worker sharing knowledge effectively and showing a flexible work approach
• Strong and effective communicator at all levels
• Self-starter with a dynamic \xe2\x80\x9ccan do\xe2\x80\x9d attitude with a strong desire to make things happen
• Knowledge of Fixed Income / Derivative type instruments
• Experience participating in projects and procedural enhancements
• Understanding of basic accounting principles
• Ability to \xe2\x80\x9cthink on your feet\xe2\x80\x9d and develop innovative and effective solutions to problems

Feel rewarded

For starters, we\xe2\x80\x99ll offer you a comprehensive benefits package. We\xe2\x80\x99ll value your wellbeing and support your ongoing development. And we\xe2\x80\x99ll be as flexible as we can about where and when you work \xe2\x80\x93 finding a balance that works for all of us. It\xe2\x80\x99s 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.

Fidelity International