Corporate Actions Officer
City : Toronto - 100 Adelaide St W
Category : Full time
Industry : Technology & Financial Services
Employer : TMX Group
Venture outside the ordinary - TMX Careers
The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.
Ready to be part of the action?
Now Hiring - Corporate Actions Officer
The Corporate Actions Officer (“CAO”) is responsible for the preparation and processing of client mandatory and voluntary corporate actions and reorganizations. These activities include plans of arrangements, amalgamations, rights offers, warrants, conversions, redemptions and depositaries.
Review, screen, batch, track and process Corporate Actions; namely plans of arrangements, depositaries, rights offers, warrants, conversions and redemptions.
Review, screen, batch, track and process mandatory reorganizations, principally exchanges; prepare and distribute memos.
Manage and administer all ongoing mandatory and voluntary corporate reorganization/event files ensuring that all expiry, payment dates, letters of transmittal and letters of guaranteed delivery are identified and the pertinent dates for submission of securities and receipt of payments are established. Perform proration calculations as required.
Second review and audit of items processed within the department
Adhere to time schedules and processing requirements.
Populate tracking, reporting and cancellation/requisition files
Track and report on corporate action tenders.
Prepare reports for tenders received
Review LTs, supporting documents, internal memos and other information.
Research, analyze and resolve discrepancies promptly.
Respond to Investor Services inquiries relating to Corporate Action entitlements and any other enquiries of a non-routine nature; this may involve extensive research of various kinds of current and historical records.
Provide signed direction to other departments to release funds
Calculate foreign exchange as required and present to Senior CAO for review
Direct other departments to issue entitlements based on tenders received
Liaise with CEDE & Co. and CDS for redemptions, conversions, warrant and rights exercises and depositary activity.
Liaise with other TA for issuance and cancellation of securities; SAWDAC processing
Ensure compliance with corporate AML policies on outbound funds
Perform reconciliation to ensure current issued and outstanding shares agree to fund balances
Detailed knowledge and understanding of the services offered by clients to their security holders and keeping up-to-date on circumstances which affect the security holders
Maintain and provide monthly statistics for fee and performance reporting purposes.
Assist with gathering annual tax data for other departments.
Assist in CA testing of internal and external systems
Ensure compliance with department policies and procedures
Assist where necessary and/or directed in a BCP situation.
Minimum 2 to 4 years of experience in a Trust or complex Reorganizations/Corporate Action and Entitlement processing environment
Finance background plus a post-secondary degree
A good understanding of Security Entitlement and Settlement Procedures, and the Canadian and US Depository Operations is highly recommended
Excellent written and verbal communication skills
Excellent analytical/accounting skills in order to accurately calculate and determine complex security features
Excellent computer skills – MS Office Suite and Google Suite of products and other desktop applications [Strong proficiency with Excel is a key requirement]
Judgement, attention to detail and accuracy are critical attributes to avoid financial loss
High degree of professionalism, integrity and consistency.
Ability to prioritize, multi-task and meet strict deadlines
High level of attention to accuracy and detail required
Ability to analyze, problem-solve and work independently with minimal supervision
A willingness to learn and accept new challenges and be part of a dynamic team
Able to work collectively within a team environment to maintain customer focus and achieve desired business results
In the market for…
Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.
Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.
Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.
Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!
Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.
Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.
TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.