Company Description
As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.
With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.
Job Description Summary
We are seeking a Pune based Corporate Actions Analyst to join our Investment Management Operations - Corporate Actions team in Global Technology & Operations.
Corporate Actions Associate is one of the key Operational units within AB. The group is responsible for the processing of all Mandatory and Voluntary corporate action events on behalf of our clients. The team interacts directly with Portfolio Management, Reconciliation, Settlements, Data Administration, Client Reporting, Pricing as well as Custodian Banks worldwide.
The Corporate Actions Associate will be responsible for performing daily tasks related to corporate events for the assets managed by AB and involved in ensuring compliance with AB Policy. These corporate actions tasks are in support of AB critical business functions.
The Corporate Actions Team supports most core functions at AB including Global Fund Accounting, Client Reporting and Performance, Portfolio Management, Legal and Compliance, and Financial Reporting. The data distributed by this team effects daily valuation, Mutual Fund NAV’s, regulatory reporting, financial reporting, and trading.
The key job responsibilities include, but are not limited to:
o Responsible for supporting Corporate Actions and Non-Depository Distressed Asset Events for all security types which entails:
o Confirming events with custodians and internal clients (PMG, Client Reporting, etc)
o Monitoring custodian/vendor notifications
o Apply PMG’s investment decisions with the Custodian banks in a timely and accurate manner prior to the custodian deadline (or market deadline if necessary).
o Confirming accurate event details and the subsequent timely processing through the Corporate Actions Processing team.
This role is an entry level role into the field of voluntary corporate actions and Non-Depository Distressed Assets. The regulatory and client service environment is continually changing, and the Corporate Actions Analyst is at the forefront of this. There is regular interaction with senior members of AB as well as the AB Valuation Committee. The Analyst will also have daily correspondence with our AXA-BS Offshore team in Pune, India. AB manages most current asset types (Stocks, Bonds, Asset Backed, all types of Over-the-Counter Derivatives) and the corporate actions associate will be exposed to these asset types.
What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate?
The role is currently evolving as the environment changes. This role provides an opportunity to learn from some of most experienced investment professionals in the business as well as very seasoned members of the AB pricing team. This role will afford the opportunity for good exposure to senior members of AB management team and provide opportunities to contribute in a very meaningful way.
The ideal candidate should have the following:
o 4-year undergraduate degree preferably in business or finance related disciplines.
o 2 years of work experience in Corporate Actions or a related function that has some financial analysis or use of analytical skills.
o Preference for experience in Corporate Actions or trade settlement or reconciliation areas.
o Previous internships working in financial services.
Skills:
o Knowledge of multiple asset classes and how they can be used in portfolios and strong knowledge of Microsoft Office
The candidate should be able to communicate effectively, work well in a team setting, and be able to effectively handle changes with a positive outlook.
Location: Pune, India
Shift Timing: Rotational shift 1:30 PM to 10:00 PM | 5:00 PM to 1:30 AM
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AllianceBernstein employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AllianceBernstein’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AllianceBernstein is well-positioned to tailor investment solutions for its clients. AllianceBernstein also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
Pune, India
