Corporate Actions Associate
Company Overview
Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment.
IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments.
Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.
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 the validation, risk evaluation, processing and post-distribution reconciliation of European issuers' corporate reorganizations (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 and 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 with global corporate actions staff in various regions and counterparties or clearing organizations will occur.
Responsibilities
- Analyze, monitor, and verify incoming corporate action information and counterparty claims on European voluntary and mandatory actions.
- Initiate payments and 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 handle existing or new products and markets properly.
- 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 and 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
- Discretionary annual bonus (cash and stock)
- Private healthcare insurance
- Free recreational pass (AYCM XL package)
- Daily food allowance in the office
- Monthly BKK pass
- Hybrid way of working (2 days home office/week)
- Modern office in the heart of Budapest with free amenities
- Great atmosphere with friendly and exceptional colleagues and frequent company outings.
*The benefits package will be reviewed regularly and may be subject to change.
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