Job Description

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Job Title: Financial Operations & Corporate Actions Specialist
Location: Birmingham
Working Hours: 37.50 Hours per week
Job Purpose
The Financial Operations & Corporate Actions Specialist will play a pivotal role in ensuring the timely and accurate execution of financial operations activities, tax reporting processes, and the management of corporate actions. This role requires a strong understanding of reconciliations, compliance, and operational control, as well as advanced knowledge of systems like Euroclear, Crest, Fundsettle, and Globus.
Key Responsibilities
1. Tax and Income Processing:

• Manage Created Tax Voucher (CTV) production, ensuring accuracy and consistency in line with internal guidelines.
• Process and reconcile income across multiple platforms.
• Handle US reclassifications and reporting for tax purposes, including preparation of tax-related filings like 1042-S forms.
• Conduct checks on global tax matrices, reporting amendments, and stale prices to meet compliance standards.

2. Reconciliations and Financial Oversight:

• Perform daily and monthly reconciliations for cash, stock, and income, resolving any breaks or discrepancies.
• Oversee HA (Holdings Administration) reconciliations, including month-end stock checks.
• Conduct FS (Final Statement) vs. Globus system comparisons to identify errors promptly.

3. Corporate Actions Management:

• Monitor and process mandatory and non-mandatory corporate actions, including dividends, reclassifications, and matured securities.
• Verify and clear CA Announcements queues and ensure timely diary creation for events.
• Liaise with registrars, custodians, and depositories to mandate timely cheque payments and claims.
• Action Section 793 requests within specified timelines and ensure follow-ups for unresolved cases.

4. Compliance and Regulatory Reporting:

• Review and manage discretionary client threshold reports (DTRs), reporting changes to Compliance.
• Check OFAC sanctions lists, ensuring compliance with regulatory requirements.
• Maintain accurate documentation and reports for periodic audits and Key Risk Indicator (KRI) analysis.
• Ensure all transactions and securities comply with tax codes, depositor classifications, and domicile-specific rules.

5. Systems and Tools Oversight:

• Use systems like Globus, EasyWay, and TAXGENIX to process reports, update data, and manage automated queues.
• Manage updates for manual pricing, suspended securities, stale prices, and corporate action tax bands.
• Ensure data integrity through consistent checks against Unavista downloads, Crest settlement statuses, and other relevant systems.

Key Skills and Competencies Required
Technical Knowledge:

• Proficiency in financial reconciliation processes, corporate actions, tax reporting, and associated systems (Euroclear, Crest, Fundsettle, or Globus).
• Strong analytical skills with Excel expertise, including pivot tables, VLOOKUP, and data comparison.

Compliance Expertise:

• Familiarity with DTR reporting, OFAC sanctions, and other key regulatory compliance standards.
• Strong attention to detail and accuracy in handling tax filings, KRI reporting, and audit documentation.

Communication & Problem-Solving:

• Ability to liaise effectively with internal and external stakeholders, including compliance teams and depositories.
• Proactive problem solver who can identify and resolve discrepancies in a timely manner.

Experience:

• Proven experience in a financial operations, corporate actions, or compliance role.
• Solid knowledge of tax code classification, regulatory requirements, and corporate income reconciliation.
• Experience with systems such as Globus, Euroclear, Crest, TAXGENIX, or Fundsettle is highly desirable.

Qualifications

• Bachelor's degree in Finance, Accounting, Business, or a related field (or equivalent experience).
• Professional qualifications (e.g., ACA, ACCA, CIMA, or similar) are desirable but not essential.

Robert Half Ltd acts as an employment business for temporary positions and an employment agency for permanent positions. Robert Half is committed to diversity, equity and inclusion. Suitable candidates with equivalent qualifications and more or less experience can apply. Rates of pay and salary ranges are dependent upon your experience, qualifications and training. If you wish to apply, please read our Privacy Notice describing how we may process, disclose and store your personal data: roberthalf.com/gb/en/privacy-notice.

Skills Required