Company Description
As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.
With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.
Job Description Summary
We are seeking a Corporate Actions Analyst to join our Corporate Actions Department in the Institutional Investment Management Operations Team located in Pune, India
Team/Group Description
Corporate Actions Associate is one of the key Operational units within AB. The group is responsible for the processing of all Mandatory and Voluntary corporate action events on behalf of our clients. The team interacts directly with Portfolio Management, Reconciliation, Settlements, Data Administration, Client Reporting, Pricing as well as Custodian Banks worldwide.
The Corporate Actions Associate will be responsible for performing daily tasks related to corporate events for the assets managed by AB and involved in ensuring compliance with AB Policy. These corporate actions tasks are
in support of AB critical business functions.
The Corporate Actions Team supports most core functions at AB including Global Fund Accounting, Client Reporting and Performance, Portfolio Management, Legal and Compliance, and Financial Reporting. The data distributed by this team effects daily valuation, Mutual Fund NAV’s, regulatory reporting, financial reporting, and trading.
Role Description
Corporate Actions Analyst responsible for processing both voluntary and mandatory actions, as well as addressing cash and stock reconciliation discrepancies related to corporate actions.
Key job responsibilities include, but are not limited to
Responsible for supporting Corporate Actions and Non-Depository Distressed Asset Events for all security types which entails:
Confirming events with custodians and internal clients (PMG, Client Reporting, etc)
Monitoring custodian/vendor notifications
Apply PMG’s investment decisions with the Custodian banks in a timely and accurate manner prior to the custodian deadline (or market deadline if necessary).
Confirming accurate event details and the subsequent timely processing through the Corporate Actions Processing team.
Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)
The role is currently evolving as the environment changes. This role provides an opportunity to learn from some of most experienced investment professionals in the business as well as very seasoned members of the AB pricing team. This role will afford the opportunity for good exposure to senior members of AB management team and provide opportunities to contribute in a very meaningful way.
Job Qualifications (The ideal candidate should have the following)
Undergraduate degree preferably in business related discipline
0-2 years of work experience in a function that has some related financial analysis or use of analytical skills.
Prefer some experience in Corporate Actions or data management areas
Previous internships working in financial services
Skills
Knowledge of multiple asset classes and how they can be used in portfolios and strong knowledge of Microsoft Office
The candidate should be able to communicate effectively, work well in a team setting, and be able to effectively handle changes with a positive outlook.
