Description
BlackRock's Outsourced Platform Services (OPS) provides Investment Accounting and Middle Office services for clients across approximately $2.7 trillion in assets, 250,000 positions, 1,700 portfolios, and more than one million reconciled transactions annually.
The OPS Cash Operations team sits within Technology & Operations and plays an important role in supporting the investment process by helping ensure clients' cash and position data are accurate and reliable.
As a Cash Operations Associate, you will help manage operational risk and exposure for clients by ensuring the investment book of record is accurately reconciled against external record holders.
You will also contribute to the continued evolution of the platform by identifying opportunities to strengthen controls, improve processes, increase transparency, and enhance efficiency through automation and standardization.
Responsibilities
- Complete daily cash reconciliations, research and resolve exceptions, and ensure the timely and accurate publication of cash figures.
- Analyze operational data and processes to identify trends, improve transparency and efficiency, and drive opportunities for automation, standardization and process enhancement.
- Partner with internal and external stakeholders to resolve issues, escalate priority matters, and review key risk and process indicators through completion.
- Develop and oversee key controls and reporting, supporting effective risk management, regulatory requirements and adherence to client service-level agreements.
- Build an end-to-end understanding of upstream dependencies and collaborate cross-functionally, including with Accounting, to maintain alignment between investment and accounting books of record.
- Maintain accurate process documentation and share knowledge across the team to support consistent execution and understanding of key processes.
Benefits
- Salary range: $85,000.00 - $117,500.00
- Annual discretionary bonus
- Healthcare
- Leave benefits
- Retirement benefits
- Tuition reimbursement
- Flexible Time Off (FTO)
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