Job Description

\xe2\x80\x93 APAC Job Title: Senior Associate Date: Department: Global Income & Corporate Action Location: GSO, Chennai Business Line / Function: Market and Financing Services Reports to: (Direct) Team manager - Global Income and Corporate Action team Grade: (if applicable) (Functional) Number of Direct Reports: Directorship / Registration:

POSITION PURPOSE

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team\xe2\x80\x99s goal. Associate will be responsible for performing daily tasks related to Global Income and Corporate action team carried out in the MFS department. He/ She will be working closely with off-shore management, Front office, Account managers, Global Custody teams and external Brokers as part of their daily tasks and will report to the Team Leader and local management in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Good functional understanding of the securities lending business along with basic knowledge of Settlement, Corporate Action, Collateral management, billing function related to securities lending business is required. Responsibilities

DIRECT RESPONSIBILITIES

\xc2\xa1 Track, generate and issue all the cash dividend claims to the counterparties on the pay date without fail. \xc2\xa1 Follow corporate actions announcements on loan positions and Investigate on breaks with the global custody. \xc2\xa1 Rigorously follow the payments from the brokers by effective communication and proactive follow-ups \xc2\xa1 Analyse, investigate on all cash breaks with the global custodians to bring down all the cash breaks and thorough investigation on aging breaks and finds a solution to clear them with appropriate action. \xc2\xa1 Monitor the corporate action events and coordinate with the lender and borrowers on the elections and ensure the event has been processes correctly without any delay. \xc2\xa1 Prioritize the work and conduct investigation with due diligence on all the discrepancies/breaks and respond to all queries with in the timeframe agreed as per SLA and procedures. \xc2\xa1 Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists \xc2\xa1 Procedures and checklists must be updated/ prepared with immediate effect to be in-line with delivery standards and SLA \xc2\xa1 Anticipate issues that may adversely affect Operations and propose possible solutions. \xc2\xa1 Follow appropriate escalation procedures \xc2\xa1 Strictly adhere to established departmental processing procedures and controls \xc2\xa1 Anticipate issues that may adversely affect Operations and propose possible solutions. \xc2\xa1 Constantly improve business knowledge through training and multi-skilling and ensure yourself is cross-trained across various functions in the team.

TECHNICAL & BEHAVIORAL COMPETENCIES

\xc2\xa1 Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines. \xc2\xa1 Ability to work in a team environment in coordination with the colleagues and the mangers. \xc2\xa1 Proficient in Microsoft Office Applications and strong MS Excel skills required. \xc2\xa1 Work Experience in Intellimatch will be preferable

SPECIFIC QUALIFICATIONS (IF REQUIRED)

Good Accounting knowledge Skills Referential Behavioural Skills: (Please select up to 4 skills) Ability to collaborate / Teamwork Creativity & Innovation / Problem solving Communication skills - oral & written Client focused Transversal Skills: (Please select up to 5 skills) Ability to develop others & improve their skills Ability to develop and leverage networks Ability to develop and adapt a process Choose an item. Choose an item. Education Level: Bachelor Degree or equivalent Experience Level Min 3 Years Other/Specific Qualifications (if required)






PRIMARY LOCATION IN-TN-Chennai

JOB TYPE Standard / Permanent

JOB OPERATION PROCESSING

EDUCATION LEVEL Bachelor Degree or equivalent (>= 3 years)

EXPERIENCE LEVEL At least 2 years

SCHEDULE Full-time

REFERENCE MFS000567


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(REF: MFS000567)
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