Associate, Corporate Actions - Delaware
BlackRock
**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.
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.
**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 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.
**Knowledge/Experience:**
+ 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.
**Skills/Qualifications:**
+ 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.
**Competencies:**
+ 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.
**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.
**Our hybrid work model**
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
**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 @blackrock (http://careers.blackrock.com/) | 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.
Confirm your E-mail: Send Email
All Jobs from BlackRock