Corporate Actions Analyst

Austin Community College; Wilmington (DE); On-site; USD 65,000 - 85,000; Full time

Job summary

BlackRock is seeking a professional for their Global Corporate Actions team based in Wilmington, Delaware. The role involves capturing and validating corporate action events, managing asset restrictions, and liaising with global custodians. Responsibilities include interacting with Portfolio Management, ensuring processing of corporate action instructions, and resolving discrepancies. Ideal candidates should have experience in corporate actions and strong analytical skills. This position is part of a collaborative team aiming to enhance service delivery.

Qualifications

• Experience in corporate actions or asset management.
• Proficient in managing multiple tasks effectively.
• Strong problem-solving and analytical abilities.

Responsibilities

• Capture and validate corporate action events.
• Process corporate action instructions with custodians.
• Investigate reconciliation discrepancies.

Job description

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, Delaware 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.