Associate, Corporate Actions - Delaware

BlackRock • Wilmington, DE

1d • $85,000 - $117,500 • Hybrid

About The Position

BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients—period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future. That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and its why companies, institutions and global governments come to us for help meeting their biggest financial challenges. Are you an investment operations professional searching for a rewarding opportunity to join a world-class asset manager? If you pride yourself on building positive relationships and being part of a hardworking team with elevated performance, look no further! BlackRock is pursuing an Associate within Corporate Actions to join our high-performing team. You will benefit from our team who recognizes that strength comes from diversity, and will embrace your skills, enthusiasm, and passion!
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.
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 accurately 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

• You should possess a 3 years of experience in a Corporate Action operations role and have a strong understanding of investment or brokerage operations.
• You 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 accurately processed in BlackRock's Aladdin system and reconciled with our custodians' 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.
• Raise 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