What are the responsibilities and job description for the Sr. DTCC Operations Specialist position at Diverse Lynx?
Role : Sr. DTCC Operations Specialist
Type : Contract
Contract Location : Iselin, NJ (onsite)
Contract Duration : Long term
Description :
The purpose of this job is that the resource will be responsible for the daily processing of the firm's dividends and corporate actions responsibilities.
Responsibilities
- Responsible for the daily processing of the firm's dividends and corporate actions responsibilities.
- Daily notification to trading groups and our clients of upcoming cash and stock dividends, and corporate actions information. Communication is transmitted via e-mail and through the XCITEK XSP application.
- Processing of executed stock and cash movements related to dividends and corporate actions. Processing is done through the FIS Phase3 accounting system.
- Daily transmittal of our intentions through DTC. Tasks within DTCC include knowledge of DTC CA WEB, CLAIMCONNECT, EDS, SDAR, Liability notice (180 Letter) and DTC Portal functionality.
- Ongoing communication with trading desks and our clients on updates during the life cycle of an active Voluntary and Mandatory reorganizations, including stock splits, name changes, tender offers, etc.
- Daily reporting and communication on international stock and cash dividends. Liaise with local market agents overseas (Euroclear & Clear Stream) Must be knowledgeable of tax treaties on foreign dividends and local market processing
- Must be familiar with dividend processing related to securities lending and ADR / ORD conversions
- Must be familiar with dividend claim processing for international stock borrow / loan contracts
- Back-up to other departmental members and security master / static data setup responsibilities.
- Candidate must have experience relating to the processing of cash and stock dividends and corporate actions events. Must be aware of time restrictions and local market practices
- Must have knowledge of DTCC and the associated functionality that pertains to dividends and corporate actions elections. Knowledge of FIS Phase3 and XCITEK XSP applications beneficial
- Extensive verbal and electronic correspondences as many of our clients are based outside of the U.S.
- Must be a self-starter, with excellent problem-solving skills and be able to work under pressure.
- Possess strong written / oral communication skills. Proficient in Microsoft Word, Excel, PowerPoint.
- Knowledge of Sungard FIS / Phase3 processing system beneficial.
- Management and Reporting
- Reporting to management of positions in inventory and operational suspense account.
- Daily reporting of aged outstanding dividends payments
- Reporting on exposure on voluntary offerings.
Key Internal contacts
Qualifications we seek in you!
Minimum Qualifications
Preferred Qualifications / Skills
Diverse Lynx LLC is an Equal Employment Opportunity employer. All qualified applicants will receive due consideration for employment without any discrimination. All applicants will be evaluated solely on the basis of their ability, competence and their proven capability to perform the functions outlined in the corresponding role. We promote and support a diverse workforce across all levels in the company.
