Associate, Asset Reconciliations

The Outsourced Platform Services Asset Reconciliations team at BlackRock is responsible for delivering a robust reconciliation operating model that safeguards the integrity of investment data across critical processes.

As an Associate, you will develop a strong understanding of reconciliation processes, exception management, root-cause analysis, risk identification, data analysis, and process improvement while contributing to a controlled and efficient operating environment.

Primary Responsibilities:

• Perform day-to-day reconciliation activities, including control reporting, position break resolution, inbox and dashboard monitoring, client and portfolio maintenance, and subscription/redemption processing.
• Deliver high-quality service to internal and external stakeholders by addressing inquiries, performing controls, resolving issues, and mitigating operational risk.
• Prepare and review reconciliations across BlackRock, asset manager, and custodian records, investigating differences and resolving exceptions accurately and within required timelines.
• Maintain account and portfolio records to reflect client, account, and market-driven changes accurately and on a timely basis.
• Partner with external service providers, internal teams, and other BlackRock functions to investigate and resolve operational issues.
• Support special projects and initiatives aimed at enhancing controls, improving service delivery, and increasing operational efficiency.
• Build strong working relationships with internal and external partners, with a focus on collaboration, responsiveness, and client service.
• Identify process inefficiencies and recommend enhancements to strengthen controls, improve scalability, and support standard methodologies.
• Raise all material risk items and service issues on a timely basis.
• Coach and mentor team members to encourage high individual performance and service standards.
• Demonstrate ability to self-improve and develop, understanding the impact of your position on upstream and downstream partners.

Skills Required:

• Prioritize and balance multiple requests without losing sight of overall objectives.
• Strong decision-making skills to make well-thought-out decisions based on provided information.
• Multi-task and perform in a high-performance, high-demand environment.
• Take initiative to follow up on issues and identify what needs to be done.
• Ability to multi-task, balance multiple priorities, and meet deadlines in a fast-paced environment.
• Organized and detail-oriented with strong time management skills.
• Ability to work in a multifaceted and team-oriented environment and quickly adapt to a constantly evolving business.
• Effectively articulate solutions to internal and external partners.
• Strong knowledge of equity and fixed income securities and derivative products.
• Proficient in Microsoft Office and have an aptitude for learning new applications.

Preferred:

• Four-year degree in Finance, Accounting, Information Technology, or Economics, or a master's degree in relevant fields.
• Understanding of upstream processes and their impact on reconciliation.
• Flexible and open to accepting new challenges, able to work effectively and efficiently on multiple projects at a time.

Benefits:

BlackRock offers a wide range of benefits, including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO).

Hybrid Work Model:

BlackRock's hybrid work model requires employees to work at least 4 days in the office per week, with flexibility to work from home 1 day a week.