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Corporate Actions Analyst/Associate

at BlackRock in Wilmington, Delaware, United States

Job Description

Description

About this role

Want to elevate your career by being a part of the world’s largest asset manager? Do you thrive in an environment that fosters positive relationships and recognizes stellar service? Are analyzing complex 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 $9.5 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.

BlackRock’s 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 crafted 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 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.

Key Responsibilities:

+ Capture and validation of corporate action events through the creation of a gold copy announcement.

+ Partner with Portfolio Management to ensure elections are received and processed.

+ Ensure corporate action instructions are issued to and acknowledged by external parties.

+ 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.

+ Partner 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:

+ Possess proven experience (3 years+) in a Corporate Action operations role and have a strong understanding of investment or brokerage operations.

+ Candidates should be able to demonstrate participation in organizational change through project work or driving other process efficiencies.

+ Knowledge of stock lending and settlement impacts on corporate action elections and allocations is a must.

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

+ Skills/Qualifications:

+ Strong analytical and problem solving skills 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.

+ Competencies:

+ Candidates should possess a high level of self-motivation and flexibility.

+ 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.

Want to learn more?

For 30 years, to drive innovation, BlackRock has bought great minds together. From the very beginning technology was harnessed for insight and efficiency to help our businesses better understand their client’s objectives. Again, BlackRock is accelerating innovation and technology to invest even more in their Aladdin platform and looking for people with a passion for technology and a love of solving complex problems to join their teams.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock (http://www.instagram.com/blackrock) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/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.

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Job Posting: JC190882958

Posted On: Aug 26, 2021

Updated On: Sep 29, 2021