Corporate Actions Associate, M1 Finance
Invest Operations
Financial portfolio management app
Job no longer available
Financial portfolio management app
201-500 employees
Job no longer available
201-500 employees
Company mission
To rethink what’s possible with personal finance.
Role
Who you are
- Bachelor’s degree in Finance, Economics, or Business is
- 3-5 years of experience with US equities corporate actions, self-clearing and settlement (DTC, NSCC)
- Experience with back/middle office systems preferred – Inteliclear, ShadowSuite, BPS, FIS,
- Team player who enjoys collaborating and will take the initiative to comprehend and own
- Proven organizational, communication, problem solving, and time management
- Ability to learn quickly and be intuitive to solve difficult
- Ability to successfully manage multiple concurrent objectives, assignments and deadlines, while achieving expected results
- Series 99 or comparable FINRA licensing required or expectation to study and pass exam soon after hire
What the job involves
- Monitor corporate action announcements to ensure events are created properly and applied to customer holdings based on stock record positions
- Compare projected events to DTCC’s Corporate Actions Web to ensure upcoming events are captured and ready for processing on execution date
- Ability to understand Foreign Tax treaties to ensure position holders receive the most favorable dividend rate based on their country of domicile
- Ability to identify any out-of-balances using trial balance ledgers and take appropriate action to clear items on a timely basis after determining the cause of any residual balances
- Monitor ACATS to complete transfer of customer securities within regulatory guidelines and department SLA’s
- Take the initiative to cross train on other aspects of Invest Operations processing in order to provide support and backup in other areas of the departments during high volume or assigned
- Ability to understand the life cycle of a trade and handle all aspects of US equities self-clearance and settlement at DTC/NSCC
- Review multiple reports daily to ensure various systems
- Input or approve cash movements (wire/ach/check) to customer and house accounts as
- Assist in establishing and maintaining procedures for training and reference of all functions under self-clearing and settlement
- Continually cross-train and be adaptable to provide additional support to the team during times of high volume or short staffing
- Participate in team meetings to identify process improvements and automation that can mitigate risk and improve efficiency
- Monitor and resolve discrepancies resulting from complex problems as they occur during and after trade settlement
- Review and research regulatory reports to ensure proper actions taken and record
Our take
Managing your finances can be a job in and of itself - working out where to invest or when to use credit among other challenges. M1 sets out to make your life easier with its customizable, automated portfolio management app.
It operates as something between a robo-advisor and a brokerage, offering over 80 pre-prepared portfolios with a wide range of asset allocations. Users can choose a pre-existing template or build their own portfolio, and similarly, users take active control over investments or let M1 automate them. The app is completely free but offers a premium subscription service for those who want lower rates and more investment windows.
With over $6 billion in assets, M1 has grown significantly since 2020, almost tripling in size in three years and becoming a unicorn.
Steph
Company Specialist at Welcome to the Jungle
Insights
-10% employee growth in 12 months
Company
Company benefits
- Unlimited PTO
- Comprehensive health, dental, vision, disability, and life insurance
- Stock options for all employees
- Retirement benefit with employer match
- $500 to spend on home office equipment while working from home
- Stylish M1 swag
- Office in the Loop with a Game Room and Gym
Company HQ
Chicago Loop, Chicago, IL
Leadership
Brian Barnes
(CEO)Also Owner and Chairman of the Board at First National Bank of Buhl-Mountain Iron.
Salary benchmarks
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