• Associate, Corporate Actions

    BlackRockWilmington, DE 19893

    Job #1465564233

  • Description

    About this role

    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 of Corporate Actions to join our exciting team. You will benefit from our team who recognizes that strength comes from diversity, and will embrace your skills, enthusiasm, and passion.

    Global Investment Operations is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. IO establishes and coordinates operational processes and procedures internally and externally with clients, custodians, prime brokers, broker-dealers and other vendors, and manages BlackRock's broker-dealer and custodian bank relationships.

    BlackRock's Global Corporate Actions team has primary operating centers in Edinburgh (UK), Wilmington, Delaware (US), Gurgaon (India), and Singapore. Our objective is to manage and provide a high-quality Corporate Action service following our 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 an Associate role based in our Wilmington location. The role will be multi-functional commensurate with our primary objectives to ensure all Corporate Action event-related activity is captured, validated, elected (voluntaries) and any subsequent entitlements are accurately processed and reconciled. Responsibilities will extend to managing asset restrictions throughout the event life cycle and liaison with BlackRock's global custodians and counterparties.

    Key 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.

    • Handle 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.

    • Knowledge/Experience:

    • Minimum of 3 years' experience in a Corporate Action operations role and have a strong understanding of investment or brokerage operations.

    • Demonstrate participation in organizational change through project work or driving other process efficiencies.

    • An understanding of stock lending and settlement impacts on corporate action elections and allocations is a must.

    • This role serves as a subject matter expert for less experienced staff and the candidate is expected to have an advanced understanding of all corporate action procedures, events, and market practices.

    • Skills/Qualifications:

    • Strong analytical skillset capable to identify problems and develop solutions.

    • Acute attention to detail and knowledge of the impacts to downstream processes.

    • Possess a good understanding of the risks inherent in the processing of corporate actions and demonstrate good discipline around risk mitigation and raising issues.

    • Competencies:

    • Possess a high level of self-motivation and adaptability.

    • Demonstrate an affinity for teamwork and contribute as a partner within a distributed 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.

    BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, disability, veteran status, and other statuses protected by law.

    Our benefits

    To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

    About BlackRock

    BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.

    For additional information on BlackRock, please visit ~~~/corporate | Twitter: @blackrock | LinkedIn: ~~~/company/blackrock

    BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

    BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.