Analyst, Corporate Actions
About this role
At BlackRock, our smartest investment is you! We are a global investment manager helping more and more people experience financial well-being. BlackRock’s business is investing on behalf of our clients, from large institutions to parents, 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...Description
About this role
At BlackRock, our smartest investment is you! We are a global investment manager helping more and more people experience financial well-being. BlackRock’s business is investing on behalf of our clients, from large institutions to parents, 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.
Being a part of BlackRock means belonging to a community of thoughtful, ambitious people solving some of the most sophisticated financial challenges. Even with the company’s growth, our culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.
BlackRock's Global Corporate Actions team has primary operating centers in Edinburgh (UK), Wilmington, Delaware (US), Gurgaon (India), and Singapore. Our objective is to provide a high-quality Corporate Action service 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 "pass-the-book" philosophy allowing the effective and controlled transition of work across our primary locations.
Your Role and Impact
You will ensure all Corporate Actions (COAC) event-related activity is gathered, validated, elected (voluntaries) and any subsequent entitlements are accurately processed and reconciled. You will also handle asset restrictions throughout the event life cycle and liaison with BlackRock's global custodians and counterparties. This position will be based in our Wilmington, Delaware office.
Ensure all COAC events are captured/validated through the creation of a gold copy announcement and processed in BlackRock's Aladdin system, then reconciled with our custodians' records.
Collaborate with Portfolio Management to ensure elections are received and processed.
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.
Collaborate with other BlackRock teams and the third parties/custodians to resolve issues.
Raise risk items and service issues to your lead or manager in a timely manner.
Participate in local, regional, and global initiatives to drive industry-leading technology changes to the BlackRock Aladdin platform.
A bachelor’s degree, preferably in Economics, Finance or Accounting.
At least a year of experience in investment or brokerage operations.
The ability to demonstrate participation in change management through project work or driving other process efficiencies.
Exposure to stock lending and settlement impacts on corporate action elections and allocations.
Strong analytical skills with skills to identify problems and develop solutions, while also understanding the impacts to downstream processes.
A good understanding of the risks inherent in the processing of global COAC and demonstrate good discipline around risk mitigation.
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 3 days in the office each week, with the flexibility to work from home up to 2 days a week; some business groups may require more time in the office due to their roles and responsibilities. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. 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.
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.
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.