Description
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. The Associate 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 Include:
- 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.
Skills Required:
- Ability to prioritize and balance multiple requests without losing sight of overall objectives.
- Strong decision-making skills.
- Multi-tasking and performance in a high-pressure environment.
- Initiative to follow up on issues and identify what needs to be done.
- Organizational and detail-oriented with strong time management skills.
- Ability to work in a multifaceted and team-oriented environment.
- Strong knowledge of equity and fixed income securities and derivative products.
- Proficiency in Microsoft Office.
Preferred:
- Four-year degree in Finance, Accounting, Information Technology, or Economics, or a master's degree in relevant fields.
- Understanding of upstream processes and ability to correlate the effect of change.
- Flexibility and openness to accepting new challenges.
Benefits:
- Strong retirement plan.
- Tuition reimbursement.
- Comprehensive healthcare.
- Support for working parents.
- Flexible Time Off (FTO).
Hybrid Work Model:
- Employees are required to work at least 4 days in the office per week, with flexibility to work from home 1 day a week.