Asset Services and COACS Operations

Asset Services and COACS Operations

BCforward is currently seeking a highly motivated Asset Services and COACS Operations for an opportunity in Downtown Brooklyn, NY 11245.

Title: Asset Services and COACS Operations
Location: Downtown Brooklyn, NY 11245
Contract :5-month(s) contract with potential extension
Pay Rate: $30/hr - 34/hr on W2

Job responsibilities:

• Monitor system queues for failed incoming SWIFT (MT565) and faxed client corporate action election instructions and process them correctly to the next step in the workflow.
• Monitor queues for failed outgoing SWIFT (MT567) messages to local sub-custodians or markets, investigate basic issues, fix errors as per procedures, and reprocess messages before deadlines.
• Perform basic checks on corporate action event setups in internal systems and confirm eligibility prior to event deadlines.
• Review corporate action announcements, mainly Cash Dividend and Interest events from US DTC, and update or align event details in internal systems as instructed.
• Escalate any mismatches or issues to senior team members and work with internal teams, DTC, or vendors as required.
• Reconcile eligible positions and cash between JPM and local sub-custodians for corporate actions using MT564 (REPE/RMDR) messages or other information.
• Process and reconcile incoming MT566 or DTC CACO payment messages for corporate action entitlements.
• Assist with reconciliation of Nostro cash accounts and internal payables/receivables and raise any breaks (including stock breaks from corporate actions) for investigation within defined SLA timelines.
• Follow standard operating procedures (SOPs), meet daily cut-offs, and maintain accurate records of all processing completed.

Required Skills:

• Proficiency in Microsoft Excel, including basic functionalities such as lookups, formulas, and keyboard shortcuts.
• Strong ability to read and execute detailed operating procedures.
• A quick learner with the capability to understand various processing applications and payment systems

Preferred Experience:

• Prior experience in Banking Custody operation business, particularly in Corporate Action operations.
• Familiarity with cash and stock transaction processing for corporate action events, particularly for Mandatory Income events for western hemisphere markets mainly US & Canada.
• Understanding SWIFT messages, especially MT566 and/or DTC CANO and CACO messages, is highly advantageous.

Benefits:
BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

About BCforward:
Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.
BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.
BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.
To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.
This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Interested candidates please send resume in Word format Please reference job code 248626 when responding to this ad.

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