Corporate Actions Officer

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Corporate Actions Officer

Apply locations Toronto - 100 Adelaide St W time type Full time posted on Posted 14 Days Ago job requisition id R-4066 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. Key accountabilities:

• 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.

Must have:

• 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.

About Us

Our Culture:

At TMX, our people power our success. We are a place where talented people never stop learning, innovating and working together to make an impact! Do you want to make an impact? At TMX, we offer you more than a job - we offer you the opportunity to work with, and learn from the most respected industry and thought leaders in the business. We’re always pushing the boundaries, expanding and growing our global presence. We are looking for team players who constantly look for opportunities to make a positive impact on our clients and our business. If you share our vision and are motivated to challenge the status quo - we want to hear from you!

Our Business:

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. For more information about TMX Group, visit our website at Follow TMX Group on Twitter: @TMXGroup. #J-18808-Ljbffr