Rushabh Sonigara

Associate 2 @BNY

Manchester, GB

Perform mandatory and voluntary corporate action-related custody and accounting processing requirements, including dividend payments, reorganization/proxy, bond redemption, and other related functions. Manage and control high levels of risk and liability inherent in various functions and perform reconciliation activities, client reporting, and proration on transactions. Team/ people management responsibilities. Proactively recognize, research and process moderately intricate mandatory and voluntary corporate action events. Interpret, monitor, scrub and notify complex corporate action events in the global market, reconcile entitlements, monitor and post entitlements to client accounts. Determine the impact of events and disseminate information regarding events to investors and client accounts. Identify root causes in monthly reviews and develop corrective actions. Review cash reconciliations, security and suspense transactions reviews adhering to established quality control measures and procedures. Research and respond to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub-custodians, and/or custodians. Work on multiple systems to perform corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and posting online cash and security transactions. Serve as a resource for less experienced staff, expected to have an understanding of all corporate action procedures, corporate action events, and market practices. Provide guidance to less experienced team members, and contribute to the achievement of team goals and objectives. Participate in the development of documentation that is circulated to the market.

Marathwada Mitra Mandal's College of Commerce, Pune 04

Bachelor's degree, Finance, General

Kingston University

Master's degree, Banking and Financial Support Services