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Corporate Actions Associate

Interactive Brokers

Corporate Actions Associate

Interactive Brokers

Budapest, Hungary

·

On-site

·

Full-time

·

1w ago

Benefits & Perks

Equity

Healthcare

Free Meals

Hybrid Work

Commuter Benefits

Equity

Healthcare

Meals

Commuter

Required Skills

Problem-solving

Analytical Skills

Attention to Detail

Communication

MS Office

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 validating, evaluating risk, processing, and post-distribution reconciliation of corporate reorganizations by European issuers (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, as well as 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 will occur with global corporate actions staff in various regions and with counterparties or clearing organizations.

Responsibilities

  • Analyze, monitor, and verify incoming corporate action information and counterparty claims on European voluntary and mandatory actions.

  • Initiate payments, 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 effectively handle existing and new products and markets.

  • 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, as well as 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

  • 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

  • A great atmosphere with friendly and exceptional colleagues, as well as frequent company outings.

**The benefits package will be reviewed regularly and may be subject to change.

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About Interactive Brokers

Interactive Brokers

Multinational brokerage company.

1,001-5,000

Employees

Greenwich

Headquarters

Reviews

3.5

10 reviews

Work Life Balance

2.5

Compensation

4.2

Culture

3.1

Career

3.8

Management

2.7

65%

Recommend to a Friend

Pros

Good pay and competitive compensation

Excellent benefits packages

Friendly atmosphere and nice people

Cons

Poor management and leadership issues

Toxic work culture and environment

Heavy workload and long hours

Salary Ranges

0 data points

Junior/L3

L3

L6

Junior/L3 · Data Scientist

0 reports

$280,000

total / year

Base

$220,000

Stock

$30,000

Bonus

$30,000

$238,000

$322,000

Interview Experience

7 interviews

Difficulty

3.0

/ 5

Duration

14-28 weeks

Experience

Positive 0%

Neutral 71%

Negative 29%

Interview Process

1

Application Review

2

Online Assessment

3

Phone Screen

4

Technical Interview

5

Hiring Manager Interview

6

Final Round

Common Questions

Coding/Algorithm

Technical Knowledge

Behavioral/STAR

Past Experience

Finance/Trading Knowledge