Corporate Actions Operations Internship

Job Purpose:

• The EMS Corporate Actions Department manages and coordinates the corporate actions on a global level with regards to all products listed on Euronext’s cash, derivatives, index and commodities markets
• The Euronext Market Services Corporate Action (EMS CA) team is responsible for the day-to-day handling of Corporate Actions end to end across Cash, Derivatives and Index asset classes
• That includes Listings of new products / contracts, Data mining CA Analysis quality of referential, contract / price adjustment, Information to Market through Notices, operational coordination with post trading partners / infrastructure such as Clearnet & Euroclear
• In that respect, EMS CA is working closely with the EMS UA team to ensure a smooth execution of any type of Corporate Action in terms of trading impacts and member understanding
• This multi-language and highly skilled team is based in Amsterdam and Paris and is the first point of contact for any query related to the different topics mentioned above

Your Responsibilities:

• Engages in day to day relationships with issuer and / or their representatives (Issuer Agent, Lawyers, etc)
• Advises on Corporate actions design Supports issuers implementing their corporate actions
• Collects, reviews/understands required legal and offer/contract documentation
• Populates Plug (tool to communicate a Corporate Action) and Score (tool used for Centralization of Public Offers) with the relevant parameters
• Ensures listing of bonds, ETF and structured products
• Ensures an operational coordination with post trading partners / infrastructure such as Clearnet, Euroclear & Interbolsa
• Coordinates with the different internal stakeholders Listing, Product Management, Legal, Compliance etc where necessary
• Provides clients with information on the corporate actions and corporate actions updates by disseminating a Euronext notice
• Prepares, validates Euronext Notices to inform market participants of a CA operations Gives presentations to internal and external stakeholders with regards to the Corporate Actions if needed
• Updates instruments characteristics on the referential (MATRIX) and trading platforms (UTP)
• Across all these assignments, there is a global need to be as efficient as possible and offer the highest level of quality in terms of service to clients (“operational excellence”). The idea is to ensure that client’s experience is agreeable relying on a smooth and flawless execution.improving the various existing operational processes related to the different CA streams Equities, ETP / ETFs, , as part of the continuous improvement principle, by implementing
  • advanced macros based spreadsheet,
  • advanced macros based reporting,
  • advanced data-mining tool enabling to capture / screening information from Data vendors and providers
  • streamlined / optimized workflows

  Process reengineering where necessary especially in areas where time to market and simplification matters

Skills and Qualifications:

• Has good knowledge of Cash/Listing, Derivatives and Index CA operations Is aware of main developments /issues/events in the market and how these (can) result in a Corporate Action Assist in adapting CA operational procedures in light of additional CA types, new products and new tools Convenes and participates in consultative meetings on corporate actions
• Ensures that the adjustment for a Corporate Actions is performed in accordance with the Rules and CA Policy In projects takes part in business acceptance tests of new/updated functionality Is part of a virtual CA team and reports to the Manager CA for Cash & Derivatives & Index
• Master degree (ex: Finance, Economics, Management);
• Business School Experience Advanced database management and tools programming skills : MS office, Macros, VBA Access and SQL
• Good understanding of Financial markets, markets structures and their evolution from a business, competition, regulatory and technological perspective
• Fluent in French and English (spoken and written) – a 3rd language (Dutch), while not mandatory, would constitute an important advantage
• Proven analytic, synthesis and reporting skills
• Capacity to provide new ideas/analyses and thought leadership Self-motivated and pro-active
• Strong interpersonal skills
• Ability to demonstrate a positive attitude at all times in a high pressure international environment
• Effective communicator, especially in a client facing context
• Stress resistant.