Operations, Asset Servicing & Risk · related to Settlements Analyst

Corporate Actions Analyst

Full profileYour role

Also known as Dividend analyst · Dividend and coupon analyst · Dividend calculation clerk · Dividend clerk

and 2 more

Dividends analyst · Dividends clerk

L3 salary: Not published yetSalary figures open with the salaries section.
Upcoming dated changes: 7 changes aheadNext: 7 Dec 2026
Where the changes come from
Each change in the Regulatory calendar comes from an official text, linked on its page.
A change affects this role directly when it names a process that is one of the role's main tasks.
Top critical skills: Settlement and fails management
Trade lifecycle
Corporate actions processing

What the role does

A corporate actions analyst processes the events that issuers announce on securities, such as dividends, coupons, redemptions, stock splits, rights issues, mergers and tender offers. The role captures and validates event data from depositories and data vendors, notifies clients and collects their elections for voluntary events, calculates entitlements, books cash and securities, processes market claims and transformations, and supports shareholder rights processes under the EU Shareholder Rights Directive.

Read a day in the life

A day in the life

The analyst opens the event dashboard and compares announcements received overnight from the depository and two data vendors. A dividend shows different payment dates across sources, so the analyst checks the issuer notice and corrects the event record before clients are notified. Mid-morning goes to a rights issue: holders must choose to take up, sell or let their rights lapse, so notifications go out with a clear deadline and the analyst tracks elections as they arrive. On the pay date of a large coupon the analyst checks that the cash received matches entitlements and investigates a shortfall caused by a trade that settled late, raising a market claim against the counterparty. After lunch the work turns to a merger with a cash and share option, calculating fractions and booking the new securities. Late afternoon the analyst handles a proxy voting request from a client and closes the day by updating the open events list and escalating one election that missed the deadline.

Levels

L1 Starting out 0-2 years
L2 Independent 2-5 years
L3 Senior or specialist 5-9 years
L4 Leads a team or an area 8-14 years
L5 Leads the function 12+ years

Full level descriptions and job titles

The EFO level names are the common scale; job titles differ between employers.

Levels of Corporate Actions Analyst
Level	What the work looks like	Typical years	Typical job titles
L1 Starting out	Captures and checks event data, processes mandatory events such as dividends and coupons with defined procedures, and learns event types, markets and systems under supervision.	0-2	Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer
L2 Independent	Owns a market or event type end to end, processes voluntary events and elections, resolves claims and breaks with custodians and clients, and trains L1 analysts.	2-5	Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer
L3 Senior or specialist	Specialist in complex events, tax on income or shareholder rights, handles exceptions and losses, leads system or standards changes and represents the team in audits and projects.	5-9	Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team)
L4 Leads a team or an area	Manages a corporate actions team, owns deadline, election and loss controls and key risk indicators, and is the escalation point for clients, custodians and issuers.	8-14	Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section
L5 Leads the function	Head of corporate actions or asset servicing for a legal entity or region, sets the operating model and standards, and represents the function with market infrastructures and leadership.	12+	Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director

Skills

The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.

Critical 4

The job cannot be done without these.

Settlement and fails managementWeight 14.0%Anchor skillExpected level: practitionerRelevant to you
Trade lifecycleWeight 9.3%Expected level: practitionerRelevant to you
Corporate actions processingWeight 9.3%Expected level: practitionerRelevant to you
Corporate governanceWeight 9.3%Expected level: practitionerRelevant to you

Important and supporting skills 18

Important 9

Needed in most positions.

Attention to detailWeight 4.7%Expected level: working knowledgeRelevant to you
Collateral and marginingWeight 4.7%Expected level: working knowledgeRelevant to you
Trading and risk systems (Murex, Calypso)Weight 4.7%Expected level: working knowledgeRelevant to you
Payment systems and messaging (SWIFT, ISO 20022, SEPA, ACH, UPI)Weight 4.7%Expected level: working knowledgeRelevant to you
Investigative reasoning on anomaliesWeight 4.7%Expected level: working knowledgeRelevant to you
Working to tight deadlinesWeight 4.7%Expected level: working knowledgeRelevant to you
Advanced Microsoft ExcelWeight 4.7%Expected level: working knowledgeRelevant to you
Risk judgment and escalation instinctWeight 4.7%Expected level: working knowledgeRelevant to you
Querying data with SQLWeight 4.7%Expected level: working knowledgeRelevant to you

Supporting 6

Help in many positions.

Financial markets knowledgeWeight 2.3%Expected level: working knowledgeRelevant to you
Client service mindsetWeight 2.3%Expected level: working knowledgeRelevant to you
Professional written communicationWeight 2.3%Expected level: working knowledgeRelevant to you
Period-end close and reconciliationsWeight 2.3%Expected level: working knowledgeRelevant to you
Control mindset (what could go wrong)Weight 2.3%Expected level: working knowledgeRelevant to you
Ticketing platforms (ServiceNow)Weight 2.3%Expected level: working knowledgeRelevant to you

Useful 3

Occasionally useful.

Data cleaning and validationWeight 0.8%Expected level: working knowledgeRelevant to you
Stakeholder managementWeight 0.8%Expected level: working knowledgeRelevant to you
Conduct and investor protection rules (MiFID II, FINRA, SEBI)Weight 0.8%Expected level: working knowledgeRelevant to you

Processes

The work the role takes part in.

What each process covers

Corporate actionsMainProcessing dividends, splits, mergers and elections for investors.
Securities settlementMainExchanging securities and cash on the agreed date, and fixing failed settlements.
Trade capture and bookingMainRecording trades correctly in the bank's systems after execution.
Trade confirmation and affirmationMainAgreeing trade details with the counterparty before settlement.
Collateral and marginingSupportingCalling and posting collateral against exposures, and resolving disputes.
Market risk measurementSupportingMeasuring sensitivities and potential losses on trading positions.
Payments processingSupportingExecuting, routing and settling payments (SEPA, instant payments, SWIFT).

Where the role concentrates

How AI is changing the role

Event data capture and comparison across sources is increasingly automated, and AI tools can read issuer notices and prospectuses to extract terms.

Read the full assessment

Event data capture and comparison across sources is increasingly automated, and AI tools can read issuer notices and prospectuses to extract terms. Manual data entry and mandatory event processing are shrinking. Voluntary and complex events still carry high loss risk if a deadline or election is missed, so value grows in judgement on complex events, client communication and controls. Market standards for structured event messages also favour analysts who understand data. The World Economic Forum Future of Jobs Report 2025 lists technological literacy and analytical thinking among the skills growing fastest.