Trade Ops Analyst at BlackRock

Gurugram, Haryana, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial ServicesIndustries

Requirements

Minimum of 3 years of experience in a Corporate Action operations role
Strong understanding of investment or brokerage operations
Demonstrated participation in change management through project work or driving process efficiencies
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 (to serve as expert for less experienced staff)
Strong analytical skills with ability to identify problems and develop solutions
Acute attention to detail

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 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 third parties/custodians to resolve issues
Escalate all risk items and service issues to 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

Skills

Key technologies and capabilities for this role

Corporate ActionsCOACEvent ProcessingValidationReconciliationEntitlementsRisk MitigationGovernance

Questions & Answers

Common questions about this position

What is the location for this Trade Ops Analyst role?

This role is based in the Wilmington location.

Is the salary or compensation specified for this position?

This information is not specified in the job description.

What are the key responsibilities for this Associate role in Corporate Actions?

Key responsibilities include capturing and validating corporate action events, interacting with Portfolio Management for elections, issuing instructions to custodians, processing events in the Aladdin system, reconciling with custodian records, investigating discrepancies, maintaining entitlement restrictions, and managing queries.

What is the company culture like at BlackRock?

BlackRock values diversity, empowers employees, actively engages their involvement in success, recognizes contributions, and provides opportunities for professional and individual growth while making a difference for investors.

What makes a strong candidate for this Corporate Actions Associate role?

Strong candidates have a passion for analyzing sophisticated problems, eagerness to learn, and experience or interest in corporate actions processing, reconciliation, and working with global teams and systems like Aladdin.

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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