Analyst/Associate, Corporate Actions - Delaware - Evergreen

BlackRock • Wilmington, DE

5d • Hybrid

About The Position

About this role Want to elevate your career by being a part of the world's largest asset manager? Are analyzing sophisticated problems and identifying solutions your passion? Look no further. BlackRock is currently seeking an Associate to become part of our team. We recognize that strength comes from diversity, and will embrace your rare skills, eagerness, and passion while giving you the opportunity to grow professionally and as an individual! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $9 trillion of assets, we have an extraordinary responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Come join our team and experience what it feels like to be part of an organization that makes a difference. Job Description –Analyst, Corporate Actions BlackRock's Global Corporate Actions team has primary operating centers in Edinburgh (UK), Wilmington, Delaware (US), Gurgaon (India), and Singapore. The team is responsible for Our objective is to manage and provide a high-quality Corporate Action service following our best practice standards by applying governance and controls to mitigate risk to the firm and our clients. The team operates as a single, global entity designed around a robust and mature "pass-the-book" philosophy allowing the effective and controlled transition of work across our primary locations. Job Purpose/Background: This is a role based in our Wilmington location. The role will be multi-functional commensurate with our primary objectives to ensure all COAC event-related activity is captured, validated, elected (voluntaries) and any subsequent entitlements are correctly processed and reconciled. In addition, responsibilities will extend to managing asset restrictions throughout the event life cycle and liaison with BlackRock's global custodians and counterparties.

Requirements

• Candidates should possess a minimum of 3 years of experience in a Corporate Action operations role and have a strong understanding of investment or brokerage operations.
• Candidates should be able to demonstrate participation in change management through project work or driving other process efficiencies.
• A good understanding of stock lending and settlement impacts on corporate action elections and allocations is a must.
• This role serves as a corporate action expert for less experienced staff.
• The candidate is expected to have an advanced understanding of all corporate action procedures, events, and market practices.
• Strong analytical skills with an ability to identify problems and develop solutions.
• Acute attention to detail and understanding of the impacts to downstream processes.
• Possess a good understanding of the risks inherent in the processing of global corporate actions and demonstrate good discipline around risk mitigation and escalation.
• Candidates should possess a high level of self-motivation and adaptability.
• Demonstrate an affinity for teamwork and contribute as a partner within a global team.
• Possess strong interpersonal skills with an ability to communicate constructively at all levels.
• Be highly organized, focused with practiced skills in operating effectively to tight deadlines within a high-risk and high volume environment

Responsibilities

• Ensure all corporate action events are captured and validated through the creation of a gold copy announcement.
• Interact with Portfolio Management to ensure all necessary elections are received and processed.
• Ensure corporate action instructions are issued to and acknowledged by custodians and counterparties.
• Daily ensure that all global COAC events are correctly processed in BlackRock's Aladdin system and reconciled with our custodian records.
• Investigate reconciliation discrepancies daily, ensuring all issues are promptly resolved and cleared.
• Ensure the appropriate restriction status of entitlements is maintained in BlackRock applications throughout the entire COAC lifecycle.
• Manage any queries received from various internal and external parties.
• Interact with other BlackRock teams and the third parties/custodians to resolve issues.
• Escalate all risk items and service issues to your lead or manager on a timely basis.
• Participate in local, regional, and global initiatives to drive industry-leading technology changes to the BlackRock Aladdin platform.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed