Description
BlackRock Separately Managed Accounts (SMA) Solutions helps clients customise portfolios for tax efficiency, values alignment, and specific investment exposures across direct indexing, fixed income, active equity, and multi-asset strategies.
As an Investment Operations Analyst, you will support middle-office activities across SMA portfolios, with a focus on cash and position reconciliation, exception management, data integrity, risk and control execution, and continuous process improvement.
Responsibilities
- Perform daily cash and position reconciliations, investigating and resolving breaks and data discrepancies across internal books and records, custodians, and investment platforms.
- Monitor positions, cash, transactions, tax lots, pricing, corporate actions, and other portfolio data, supporting operational reporting, data-integrity monitoring, and post-trade controls.
- Partner with portfolio management, custodians, technology teams, and internal operations partners to resolve exceptions and coordinate timely issue escalation.
- Execute operational controls, maintain complete and audit-ready evidence, and identify and escalate material breaks, data-quality concerns, access issues, control weaknesses, and operational risks.
- Develop and maintain Standard Operating Procedures, while contributing to cross-training and knowledge sharing that support consistent and resilient operational execution.
- Manage competing priorities, dependencies, operational commitments, and deadlines, communicating risks or delays proactively and providing coverage during periods of increased activity.
- Identify opportunities to streamline workflows and automate manual activities, using operational data to identify recurring breaks, capacity constraints, and errors while supporting testing, documentation, implementation, and control validation.
Experience
- 3-5 years of experience in investment operations, middle-office operations, portfolio operations, fund accounting, or a related financial-services function; exposure to separately managed accounts or tax-managed investment strategies is preferred.
- Working knowledge of the trade lifecycle, including positions, cash, securities, corporate actions, tax lots, pricing, reconciliation, exception management, and post-trade controls.
- Experience investigating reconciliation breaks and resolving data discrepancies across investment platforms, custodians, and internal books and records.
- Strong risk and control mindset, including experience following Standard Operating Procedures, performing maker-checker reviews, maintaining audit-ready evidence, and handling sensitive portfolio data.
- Strong analytical, organisational, and problem-solving capabilities, with attention to detail and the ability to independently prioritise multiple deliverables and meet operational deadlines.
- Excellent written and verbal communication skills, with the ability to collaborate effectively with internal and external stakeholders across functions and regions.
- Familiarity with investment-management platforms and advanced Excel skills; exposure to VBA, Python, Power BI, workflow tools, automation, and process-improvement initiatives is preferred.
Benefits
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO)
- Strong retirement plan
- Tuition reimbursement