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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 managing and providing 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. This role based in Wilmington 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.
Job Responsibility:
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
Requirements:
Minimum of 3 years of experience in a Corporate Action operations role
Strong understanding of investment or brokerage operations
Good understanding of stock lending and settlement impacts on corporate action elections and allocations
Advanced understanding of all corporate action procedures, events, and market practices
Strong analytical skills with an ability to identify problems and develop solutions
Acute attention to detail and understanding of the impacts to downstream processes
Good understanding of the risks inherent in the processing of global corporate actions and demonstrate good discipline around risk mitigation and escalation
High level of self-motivation and adaptability
Affinity for teamwork and contribute as a partner within a global team
Strong interpersonal skills with an ability to communicate constructively at all levels
Highly organized, focused with practiced skills in operating effectively to tight deadlines within a high-risk and high volume environment
Nice to have:
Participation in change management through project work or driving other process efficiencies