Corporate Actions Associate

Position

Interactive Brokers seeks a Corporate Actions Associate to join our European Corporate Actions Department in our Budapest, Hungary office. The Corporate Action Department is responsible for validating, evaluating risk, processing, and post-distribution reconciliation of corporate reorganizations by European issuers (e.g., mergers & acquisitions). Team members will generally gain exposure to various corporate events and securities/derivatives products and marketplaces during their career development.

The Associate will be expected to operate, enhance and test the group's constantly evolving, proprietary Corporate Action systems. Analysis of the integration between vendor data and our proprietary systems, as well as assessment of operational, counterpart, and market risk, will be an ongoing responsibility. The ideal candidate will be able to interface seamlessly with internal and external customers, counterparties and clearing organizations. All associates are expected to focus on automated solutions to complex problems of varying degrees. Skills required include learning to work with sophisticated computer systems developers, eventually including creating business specifications for new or enhanced system functionality and new product support. Potential candidates are good problem solvers, well-organized, and reliable team players. Daily communication will occur with global corporate actions staff in various regions and with counterparties or clearing organizations.

Responsibilities

• Analyze, monitor, and verify incoming corporate action information and counterparty claims on European voluntary and mandatory actions.
• Initiate payments, evaluate, and reconcile the company's books and records with clearinghouses and banks.
• Instruct clearinghouses and banks with our instructions for corporate events.
• Organize the instructions from our trading department and customers.
• Work on system enhancements to effectively handle existing and new products and markets.
• Communicate with all the involved internal and external parties.

Qualifications, Skills & Attributes

Minimum qualifications:

• Commercial apprenticeship, preferably in the banking or finance industry.
• Experience, coursework and/or a strong interest or following of the securities markets.
• Knowledge of Securities Lending and Borrowing, as well as derivative products, is an advantage.
• Proficient MS Office user; eager to learn new programs and products.
• Languages: Fluent in English.
• Detail-oriented and able to work accurately under pressure.
• Strong problem-solving and analytical skills.
• Excellent attention to detail.
• Open-minded team player with good comprehension skills.

Company Benefits & Perks