Corporate Actions Equity - Associate
MSCI · Mumbai
About MSCI
MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research. Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research. MSCI serves 99 of the top 100 largest money managers, according to the most recent P&I ranking.
For more information, visit us at www.msci.com.
Position overview:
MSCI Equity Indexes are maintained with the objective of reflecting the evolution of the underlying equity markets on a timely basis.
The Corporate Events Team is responsible for daily maintenance of index by reflecting impact of ongoing corporate events like M&As, spin-offs, bankruptcies, reorganizations and other corporate actions (e.g. stock splits, rights offerings, dividends, etc.) following the principles of replicability, consistency, continuity and minimizing turnover.
Depending on the nature of the corporate action there may be changes in index memberships, weights, size, style and industry classifications.
The team is responsible for timely identification, review and assessing the replication considerations of corporate action related changes in client portfolios in order to facilitate appropriate maintenance of the Equity Indexes.
The role is expected to leverage approved Artificial Intelligence (AI) tools to enhance analytical depth, improve operational efficiency, support documentation, perform quality checks, and identify anomalies or risks in corporate action processing. The incumbent will exercise sound professional judgment, adhere to MSCI’s governance and risk standards, and contribute to the responsible and effective adoption of AI across Corporate Events workflows.
- Monitoring activity in underlying allocated markets to capture relevant corporate events leveraging approved AI tools to support event detection, information synthesis, and monitoring efficiency.
- Responsible for accurate implementation of these corporate events in MSCI Indexes following the principles of replicability, consistency, continuity and minimizing turnover using AI-assisted analysis and checks where appropriate, with full human oversight.
- For complex corporate actions, make presentations with proposed implementation to senior decision-making Committees like the MSCI Equity Index Committee.
- Ensure that the corporate actions are properly implemented in the calculation of the MSCI Indexes and are reflected in MSCI Equity products
- Liaise with the Index Management Research team for corporate actions having impact on Quarterly and Semi-Annual Index Rebalancing.
- Handle client queries related to corporate actions and Equity Benchmark methodology using AI tools to assist with research, response drafting, and consistency of communication.
- Tracking the evolution of allocated markets including any change in regulation/new types of corporate events and make proposals to update client methodology and participate in client consultation.
- Contribute to further improvising processes and applications used by the corporate events team including identification and support of AI and automation opportunities.
- Participate in and initiate projects related to the corporate events function with an emphasis on process transformation, digitization, and responsible AI adoption.
- Comfortable using AI-enabled tools to support analysis, research, and process efficiency, with an understanding of appropriate controls and validation
- Strong interest in Finance, work experience in finance and capital markets preferred
- Ability to summarize complex transactions and understanding of the practical aspects of index replication
- Excellent communication skills in English.
- Attention to detail. Strong analytical and problem-solving skills coupled with good logical aptitude
- Ability to effectively work with diverse cultures in a global team; sensitivity and appreciation for diverse cultural norms/styles. Flexible in working hours
- Independent worker as well as good team player with a strong sense of ownership
- 2-4 years of relevant working experience
- Bachelor or Master’s Degree in Finance, Economics or Mathematics (Including equivalents of CA, CFA, FRM, MMS, MBA). Engineering degree is preferred.