AVP - Corporate Actions Elections & Entitlements Manager

Job Description:

Job Title: Elections & Entitlements Manager - Corporate Actions

Corporate Title: AVP

Location: Dublin

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Our Central Park office in Leopardstown, boasts modern facilities based in Dublin’s premium business park. With an onsite gym and staff restaurant, all your daily needs are conveniently catered for. Travel options include the LUAS network and the Central Park shuttle service between Dublin City Centre and Central Park. We also provide tax saver tickets as part of our award-winning benefits package, which means getting to work has never been so easy.

The Team:

This is a new team for Debt Corporate Action function relocating to Dublin to support the FICC trading desk. The new team will be trained on the function in its current state and expected to quickly learn the process then look to implement change to streamline the process. The team will also need to build new relationships with the FICC business and all impacted stakeholders within the flow.

Role Description:

An exciting opportunity has become available within the EMEA Asset Services department.  The department is responsible for the management of Voluntary and Mandatory Corporate Action events within EMEA markets.  Dublin Asset Services is a globally aligned function reporting to the Global Head of Asset Services. The department works closely with colleagues in London, US, and Asia Asset Services. 

Asset Services play an important role in the life cycle of a trade and they work closely with other Operational teams and external parties to ensure risk on corporate actions is managed effectively.
This role offers direct interactions with a variety of different lines of business (including Fixed Income Trading Desks, Swaps, Stock Loan and Custody) and as such the ability to build and retain good relationships with these stakeholders is important.  The role calls for an enthusiastic, attention to detail, driven analytical thinker with leadership skills.  

Responsibilities:

• You will manage risk and escalations on high value CA events.
• You will organise the team to effectively complete CA events accurately and timely.  
• You will train, coach and mentor direct reports, evaluating performance and providing timely feedback.
• You will manage, reconcile, and execute elections within tight timelines.
• You will reconcile, calculate, and book CA entitlements for a variety of business units
• You will post payment reconciliations of stock and cash accounts.
• You will maintain risk thresholds as outlined by senior management. 
• You will investigate and resolve queries from key stakeholders in a timely manner.
• You will manage positions and recovery of funds claimed by Bank of America Merrill Lynch from external counterparties and monitoring of outstanding balances. 

What we are looking for:

• You will have people management experience leading a team
• You will have knowledge of Banking / Financial services industry. 
• You will have product exposure, Asset Services or Settlements experience ideally
• You will have a track record of supporting product and delivering operational support for a top tier financial institution.
• You will have a high level of client service skills.

Skills that will help:

• Ability to drive multiple deliverables within tight timelines.
• Excellent communication skills; both written and verbal.
• Excellent PC skills.
• Displays a high attention to detail.
• Ability to multi-task.

Benefits of working at Bank of America:

Ireland

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare and 20 days of back-up adult care per annum 
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
• Ability to donate to charities of your choice and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status,  socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.