Associate, Corporate Actions

Description

About this role

Technology & Operations

BlackRock is one of the world's pre-eminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Team Overview

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 in accordance with our standards of best practice through the application of governance and controls designed 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 effective and controlled transition of workload across our primary locations.

Role Responsibility

This role is based in our Wilmington location. The successful candidate will be part of an expanding team. The role will be multi-functional to commensurate with our primary objectives to ensure all Corporate Action Event related activity within our portfolio universe is captured, validated, and elected (voluntaries) and any subsequent entitlements, cash or stock, are correctly processed and received timely. Responsibilities will extend to management of asset restrictions throughout the event life cycle and liaison with BlackRock's Global Custodian network. BlackRock's proprietary operating platform is Aladdin. Within Aladdin there are a number of applications which include the Corporate Actions Manager (CAM) which facilitates and supports workflow throughout the Corporate Action Event life cycle.

Key Responsibilities:

► Ensure all corporate action events, including income events, are captured, and validated.

► Interact with Portfolio Management Groups to ensure all necessary elections are received and acted upon.

► Ensure all necessary corporate action instructions are issued and acknowledged by custodians and counterparties.

► On a daily basis ensure that all corporate action events across all markets and asset types (equities, fixed income and derivatives) are correctly processed, reviewed and reconciled as necessary in accordance with procedures and event deadlines.

► Monitor the Corporate Actions Manager (CAM) throughout the business day and, in conjunction with team members, effectively manage processing volumes over future periods.

► Investigate reconciliation discrepancies on a daily basis ensuring all discrepancies are resolved and cleared at the earliest opportunity

► Ensure the appropriate restriction status of entitlements is maintained in BlackRock applications through interaction with custodians and update.

► Manage any queries received from various internal and external parties.

► Interact with other BlackRock teams and the third parties/custodians as appropriate.

► Escalate all material risk items and service issues to your Team Leader/Manager on a timely basis.

► Communication with Team Leaders and Global team managers to facilitate and support the global team structure.

► Participate in local, regional and global initiatives/projects in conjunction with the Global Corporate Actions team.

Experience

Knowledge/Experience:

► Candidates should possess a minimum of 3 years' experience in a Corporate Actions role and have a general understanding of Financial Markets, preferably within the Investment Management or Global Custody environment.

► In addition to a solid background in international Corporate Actions, leadership skills or evidence of functional oversight will be an advantage in this role.

► Candidates should be able to demonstrate participation in change management through project work or other process efficiencies.

► A good understanding of derivative products and stock lending would be an advantage.

Skills/Qualifications:

► Strong analytical skills with an ability to identify problems and develop solutions.

► Acute attention to detail and understanding of downstream processes

► Possess a good understanding of the risks inherent in the corporate actions environment and demonstrate good discipline around control and escalation.

► Candidates should demonstrate appropriate levels of academic achievement or relevant work experience

Competencies:

► Candidates should possess a high level of self- motivation and adaptability.

► Demonstrate an affinity for teamwork and to contribute as a partner within a truly 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.

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 | Twitter: @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.