Analyst, Asset Operations

About this role

Team Overview

Technology & Operations (T&O) manages BlackRock’s worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third-party provider networks. Global Investment Operations (GIO), a function within T&O, is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. Professionals hired into this role will become intimate with all operational flows and operational processes, including architecting operational solutions and managing relationships with portfolio managers and traders, our end clients, brokers, custodian banks, fund accountants, administrators and more. 

The Asset Operations team is a control function within GIO.  The team ensures the completeness and accuracy of position records in Aladdin to facilitate trading, accounting, client servicing and other business functions. These goals are accomplished by performing a range of position oversight activities, including reconciliations, and partnering with custodians, transfer agents, prime brokers and other providers.

What You Will Do

• Ensure reconciliations are completed timely and troubleshoot any discrepancies.

• Take ownership of exceptions from start to finish by investigating exception root causes, partnering with internal/external teams to take corrective actions and following through until resolution is achieved.

• Understand upstream (and downstream) functions that impact position records and identify trends in exception causes.

• Participate in meetings within the team and externally to communicate, expedite and prioritize exception resolution.

• Contribute to a control-focused culture by building expertise of team controls and meeting standards in output.

• Contribute to various improvement initiatives, including software and business process changes.

• Be a risk manager: identify possible risks and call out.

• Possibility to advance role under Hybrid model to work with upstream teams for direct resolution of exceptions.

What You Will Need

• Relevant experience of minimum 2 years in asset reconciliation of various capital markets products such as Equities and Fixed Income

• Bachelor’s degree, preferably with a concentration in Accounting, Finance, Business, Economics or similar field

• Ability to navigate applications such as Excel, Outlook, Windows is a must

• Communicate effectively by simplifying complex themes and tailoring messaging to your audience

• Team player with a high implementation rate

• Good data analytical skills to understand what is relevant and analyse data to solve problems

• Thorough attention to detail balanced with a “common sense” approach

• Build constructive relationships with internal and external partners to achieve goals

• Organize, prioritize and multi-task to implement multiple deliverables in a constantly evolving  environment

• Basic software development and data analytics skills (VBA, SQL, Python, Tableau, Power BI) will be an added advantage

#EarlyCareers

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.