Vice President, Corporate Actions - Delaware
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.
Job Description - Vice President, Corporate Actions
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.
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:
- At least 5 years of experience in Corporate Action operations, with a solid grasp of investment or brokerage operations.
- Proven track record in change management, demonstrated through project work or initiatives aimed at enhancing process efficiencies.
- In-depth knowledge of stock lending and the effects of settlement on corporate action elections and allocations.
- Supervisory experience is a plus. This role acts as a corporate action expert, providing mentorship to less experienced staff. Candidates should possess an advanced understanding of all corporate action procedures, events, and market practices.
Skills/Qualifications:
- Strong analytical skills with the ability to identify problems and develop effective solutions.
- Acute attention to detail and a deep understanding of the impacts on downstream processes.
- Solid grasp of the risks involved in processing global corporate actions, with disciplined risk mitigation and escalation practices.
- Leadership qualities that enable you to influence and inspire others while fostering a collaborative team environment.
- Excellent written, verbal, and interpersonal skills for communicating complex concepts and ideas effectively.
Competencies:
- Exhibit a high level of self-motivation and adaptability.
- Demonstrate a strong affinity for teamwork and contribute effectively as a partner within a global team.
- Possess strong interpersonal skills with the ability to communicate constructively at all levels.
- Be highly organized and focused, with proven skills in operating effectively under tight deadlines in high-risk and high-volume environments.
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.
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.
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.
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