Job Information
Scotiabank Corporate Actions Support Specialist in Montreal, Quebec
Corporate Actions Support Specialist
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Date: May 7, 2025
Location: Montreal, QC, CA, H3A2R7
Company: Scotiabank
Requisition ID : 224437
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Founded in 1955, Jarislowsky, Fraser Limited is an investment management firm with almost 70 years of experience conducting fundamental research and managing assets for pension funds, foundations and endowments, corporations, and individuals in Canada and internationally — representing more than CA$58 billion in assets under management. Our history and culture are rooted in investment stewardship that is expressed through an adherence to quality investing consistent with our long- standing investment philosophy and the advancement of good governance and sustainable investing. Acting in the best interests of our clients is the cornerstone of everything we do. Headquartered in Montreal, we have offices in Toronto, Calgary, and Vancouver.
The Corporate Actions Support Specialist contributes to the overall success of the Operations Department ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures
Is this role right for you? In this role you will:
Champions a customer focused culture to deepen client relationships and leverage broader the firm’s relationships, systems and knowledge.
Responsible for carrying out timely & accurate interpretation and gathering and processing of high risk and complex Canadian, US and Foreign voluntary and mandatory corporate reorganizations within internal corporate action and accounting platforms.
Responsible for reviewing and summarizing Legal Documents, including offering circulars, prospectus, Letters of Transmittal. This also includes all depository bulletins associated with corporate action events (CDS, DTC, BONY).
Communicate accurately and timely to the Portfolio Managers, Associate Portfolio Managers, Client Service Administrators, and Traders.
Responsible for tracking trading activity during the due bill period on stock splits and stock spin-offs to reduce the level of risk and financial impact
Responsible for obtaining and understanding potential tax implications from a prospectus on particular stock spin-offs, stock dividends and redemptions.
Responsible for the timely and accurate reconciliation of internal accounts on a daily basis.
Responsible for resolution of all outstanding securities and cash balances within specific capital reporting timelines.
Provide support services to Portfolio Managers, Associate Portfolio Managers and Client Service Administrators. Also, provide assistance with respect to Corporate Action inquiries to Equity and Bond traders.
Build working relationships with peers within the industry (both external and internal).
Participate in projects to improve business processes and /or client service. Assist in the development of procedures for industry initiatives when required.
Champions a high-performance environment and contributes to an inclusive work environment.
Actively pursues effective and efficient operations of his/her respective areas in accordance with JFL’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
Understand how the firm’s risk appetite and risk culture should be considered in day-to-day activities and decisions
Education and Professional Experience:
Bachelor’s degree in finance, business or related field
3-5 years’ work experience (Investment industry experience preferred)
Solid understanding of relevant systems - Advent, Depositories (CDS, DTC, BONY, Euroclear) along with MS Word and Excel.
Strong Knowledge and understanding of own department’s products and services (tenders, offers, rights, warrants, consolidations, name changes, bankruptcies, redemptions, mergers and plan of arrangements)
Bilingual (English and French)
Do you possess the skills that will enable you to succeed in this role? We would be happy to work with you if you meet the following requirements:
Ability to work well within a small team.
Team player, self-starter and resourceful.
Organized with meticulous attention to detail
Strong numeracy skills
Proven time-management skills, sense of urgency
Excellent communication skills, both written and verbal
Willingness to learn, adapts to change
Reliable with a good sense of judgment
Bilingualism is required (English and French)
Pursuant to a language needs assessment conducted by Scotiabank, the successful candidate will be required to be able to communicate in English and French as they will be required to work closely with other groups from head office who operate primarily in English, and they will serve and English-speaking clientele.
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Jarislowsky, Fraser Limited (“JFL”) is a wholly-owned subsidiary of The Bank of Nova Scotia (“Scotiabank”) and operates as a distinct business division. JFL manages the portfolios of pension funds, foundations and endowments, corporations and high-net-worth individuals in Canada and internationally.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.