Job Description

Business Overview:

BNP Paribas is a multi-asset servicing specialist committed to helping clients achieve their ambition both in terms of investment and cross-border distribution. Our extensive network of over 95 markets and the rich diversity of our people enables us to provide our institutional clients with the connectivity and local knowledge they need to navigate change in a fast-moving world.

The corporate action team has the responsibility of informing clients of any corporate event that will impact their securities positions either on US or international assets. The team is responsible for event set up, notification, instruction processing, and payment. This role is based in the Chesterbrook, PA office and is part of a dual-office structure with peers located in the Lisbon, Portugal offices of Securities Services.

Team members are working closely with our data feed vendor and other internal custody teams such as Account Management, Settlements & Cash, Tax and IT Support to deliver a high-quality service to our clients.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

Results and Impact

Able to influence peers and team.
Demonstrates good judgement when making decisions of high complexity and impact.
Exercise appropriate autonomy in the execution and delivery of work. 
Responsible for driving outcomes, which have meaningful effect on team or department.

Leadership and Collaboration:

Creates trust with colleagues.
Acts in leadership capacity for projects, processes, or programs.

Client, Customer and Stakeholder Focus: 

Able to build relationships with a mix of colleagues and clients.
Interacts regularly with management and department leaders.
Demonstrates the ability to influence stakeholders at the team level. 

Compliance Culture and Conduct: 

Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities: 

Process the Corporate Action operations:

Event capture, event set-up, and client notification
Client instruction and depositary/sub-custodian instruction processing
Security and cash payment processing
Pre- and post-payment reconciliation and break resolution
Market/counterparty claim processing

Act as a subject matter expert on Corporate Action processing
Perform expected responsibilities within appropriate client service level agreement (SLA)
Participate in the update of the operational procedures. Ensure their enforcement at all times.
Answer Clients queries in cooperation with Account Management team
Resolve BAU issues with other areas of the Group
Apply critical controls as defined in the group check list
Answer audit and compliance requests 
Liaise with service providers as needed
Initiate and drive initiatives/system updates to improve Corporate Action processing capability and efficiency
Comply with relevant regulations, legal demands and ethical standards when undertaking Corporate Action activity

Minimum Required Qualifications:

BA required
Minimum 3-5 years’ of financial industry experience with an emphasis on Corporate Action processing
Swift knowledge required
Solid analytical skills and extremely details oriented
Strong risk awareness

Preferred Qualifications: 

Prior experience in Corporate Actions (US market and/or international markets)

FINRA Registrations Required:

Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

Not Applicable 

While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.

The expected starting salary range for this position is between $85,000 to $105,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.