Asset Services Oversight Analyst Job at LegalAndGeneral (Chicago)

Job Description

The Asset Services Oversight Analyst – Corporate Actions is responsible for providing independent oversight of corporate action processing performed by custodians, agents and internal front office Investment team, and middle office operations teams. The role ensures timely, accurate, and compliant handling of corporate action events across global funds and mandates, with a strong focus on risk mitigation, election oversight, entitlement validation, and service provider accountability. This position plays a key role in identifying operational risk, overseeing complex and high‑impact corporate action events, challenging service provider outcomes, and ensuring issues are escalated and resolved in line with governance expectations.

Job Responsibility

Provide day‑to‑day oversight of mandatory, voluntary, and mandatory‑with‑choice corporate actions across equities, fixed income, and other asset classes
Oversee corporate action lifecycle from announcement through election, entitlement, settlement, and post‑event reconciliation
Review and challenge corporate action notifications, elections, and outcomes provided by custodians and administrators
Ensure elections are submitted timely, accurately, and in line with fund documentation, investment intent, and operational instructions
Monitor and resolve discrepancies related to announcements, deadlines, proceeds, and tax treatment
Oversee complex events including restructurings, tenders, exchanges, bankruptcies, rights issues, proxy voting, and mergers
Identify, log, and investigate corporate action and income exceptions, missed elections, late notifications, incorrect entitlements, or failed postings
Lead coordination with service providers, internal operations, investment teams, and counterparts to drive resolution
Escalate material or systemic issues in accordance with escalation matrices and governance forums
Track aged and recurring corporate action issues
perform root cause analysis and recommend control enhancements
Monitor service provider performance related to corporate actions & income, including timeliness, accuracy, and quality of information
Review and challenge income and corporate action‑related MI, KPIs, and SLA metrics
Support service review meetings with custodians and administrators, ensuring corporate action issues, risks, and trends are clearly documented and actioned
Maintain robust oversight logs and supporting evidence for audit and regulatory purposes
Independently assess corporate action control effectiveness and identify gaps or emerging risks
Support regulatory oversight related to corporate actions, including market deadlines, election rules, and client obligations
Ensure procedures, controls, and oversight documentation remain current and audit‑ready
Review and suggest enhancements for reporting and dashboards focused on corporate action risk, exceptions, and trends
Support internal and external audits by providing evidence, walkthroughs, and written responses specific to corporate actions oversight
Act as a subject‑matter contact for corporate actions oversight across Operations, Risk, Compliance, Investments, and external providers
Partner closely with Trade Services Oversight, Cash Oversight, and Fund Oversight teams to ensure consistent governance

Requirements

3–5+ years of experience in Corporate Actions, Asset Servicing, or Investment Operations within an asset manager or custody environment
Strong hands‑on understanding of corporate action event types, elections, entitlements, and settlement impacts
Experience overseeing or interacting with custodians, agents or service providers
Demonstrated ability to assess operational risk and manage high‑impact exceptions
Strong written and verbal communication skills, including clear escalation and documentation
Highly detail‑oriented, analytical, and comfortable working independently in an oversight role

Nice to have

Prior experience in an Corporate Action preferred
Exposure to complex events (bankruptcies, restructurings, tender offers, exchanges)
Strong Excel and reporting capabilities

What we offer

Annual discretionary bonus plan
health insurance with an optional HSA
short term disability
long term disability
dental insurance
vision care
life insurance
Healthcare, Dependent and Limited Care Flexible Spending Accounts
401K
vacation
sick time
employee assistance program
commuter and transit programs
supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance
pet insurance

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Asset Services Oversight Analyst

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