Manufactured Dividends Clerk
An opportunity has arisen for a Manufactured Dividends Clerk, whereby the candidate will be responsible for the collection and payment of manufactured dividends..
There is a high degree of liaison with counterparties and traders, as well as the Tax Department to ensure that correct treatment is applied to all payments and receipts
Other major functions of this role comprise: Receiving timely dividend and interest payment information from vendors and Sub-Custodians; Using internal systems to determine accurate positions and calculate entitlements and tax liabilities; Liaison with market counterparties and /or traders to ensure the timely settlement of claims; maintaining accurate systems records at all times to ensure that positions are reconciled; Liaison with Tax Department to ensure correct application of Inland Revenue rules and accurate and timely reporting; and Keeping abreast of market developments relating to income collection practises, developing procedures in line with such changes and handling all related enquiries.
The ideal candidate should be analytical, IT literate, possess the ability to communicate effectively at all levels and have strong organisational and prioritisation skills. 1 year’s experience gained within a Custody or Investment Banking background, with knowledge of global income collection processing is imperative. Exposure to both established and emerging markets and to vendor feeds, internal settlements and Custody systems is preferable
