Vice President, Corporate Actions

Job Description

About this role

Vice President - Corporate Actions, Delaware - US

Team Overview

Our Global Corporate Actions team has primary operating centers in Edinburgh (UK), Wilmington, Delaware (US), Gurgaon (India) and Singapore (APAC). Our objective is to lead and provide a high-quality Corporate Action service assuring standard methodology through the application of governance and controls designed to mitigate risk to the Firm and our Clients. Our team operates as a single, global entity designed around a robust and mature "pass-the-book" philosophy, allowing effective and controlled workload transition across our primary locations.

Role Responsibility

As a Vice President of Corporate Actions, the candidate will be based in our Wilmington, Delaware location. Reporting to the US Regional Corporate Actions Head. The position has operational oversight of the instruction and reconciliation processes associated with corporate actions at the firm and will provide multi-functional support to all other groups within Corporate Actions. The team is entrusted with election and instruction management and confirmation and ensuring that all event-related corporate actions activity within BlackRock is validated, and the cash or stock entitlements are processed accurately and timely.

The candidate will lead processing and technology enhancements in an effort to drive efficiencies and increase STP within the business unit. The role requires focused interaction with other operational teams and partners to manage Corporate Action activity impacted by trade settlement, REPOs, and securities lending.

The candidate will be responsible for building strategic relationships with BlackRock's partners and clients at a senior level and will need vision, energy, and passion to optimize the operational platform and successfully deliver results to our clients.

Key responsibilities include:

• Oversee the team responsible for election and instruction management, including confirming voluntary event instructions at custodians and prime brokers. Manage and mitigate risk around liability management on trading and lending occurring over the corporate action lifecycle.
• Lead the operational aspects of entitlement processing and reconciliation in relation to corporate actions for the firm’s assets under management.
• Develop and implement comprehensive reporting tools and metrics that ensure compliance with standard departmental methodologies and hold BlackRock's service providers and custodians accountable for their product's quality and delivery.
• Build and maintain constructive relationships with key internal and external contacts and partners.
• Drive local, regional, and global initiatives and projects.
• Provide regional management support and coverage for functional teams as required.
• Maintain awareness of industry changes and how they impact Corporate Actions, Global Investment Operations and BlackRock.
• Develop automation and efficiency initiatives to provide a scalable platform and reduce risk in our business.
• Develop the team's performance to ensure adherence to the team and individual objectives.

Experience

• 5 – 7 years of proven experience in a Corporate Actions leadership role with a strong understanding of financial markets and investment management.
• Deep technical understanding of the full corporate action lifecycle, with a particular focus on voluntary instructions and liabilities. Familiar with global industry best practices on passing liabilities for lending and trading entitlements.
• Strong analytical skills with the ability to identify problems and develop solutions.
• Demonstrate a solid understanding of the brokerage and investment operations processes including trading, securities lending and settlement functions.
• Experience developing and leading high-performing teams.
• Proven track record in delivering on significant projects in a fast-paced environment.
• Understand the risks inherent in the environment of the corporate action and demonstrate success around control, mitigation and escalation.

#LI-RH1

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. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @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.