Analyst, Reconciliations / Investigations - Delaware

Want to elevate your career by being a part of the world's largest asset manager? Are analyzing complex problems andidentifyingsolutions your passion? Look no further. BlackRock is currently seekinganAnalystto become part of our team. We recognize that strength comes from diversity, and will embrace your rare skills, eagerness, and passion while giving you the opportunity to grow professionally and as an individual. 

At BlackRock, we strive to empower our employees and activelyengage your involvementin our success. With over USD$12trillionofassets,we have an extraordinary responsibility: our technology and serviceshelpmillions of investors to save for retirement, college, buy a home and improve their financial well-being.Joinour team and experience what it feels like to be part of an organization that makes a difference!

Team Overview

Since 2000 and 2006 respectively,BlackRock has been providing Investment Accounting and Middle Office services.With a client base of 17, we handle approximately$2.7 trillionin assets across 250,000 positions. Our team processes over 300,000 trades and reconciles more than 1 million transactionsacross1,700 portfoliosannually. To ensure scalability, risk reduction, and exceptional client experiences, we have introduced OPS (Outsourced Platform Services).

At the heart of our outsourced services are the functional teams that support our clients’ portfolios, assets, and transactions daily. 

TheOPS Cash Operations team is acoregroupwithinTech & Opsof dedicated professionals who are essential to the investment process by ensuring that all middle office clients’ cash & position data areaccuratefor processes including investment management, analytics, compliance, and regulatory. Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral. The roles and responsibilities will include actively managing risk and exposure for our clients by ensuring the investment book of recordisreconciled with external record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, client service, troubleshooting issues, driving innovative enhancements, data analysis,maintainingdocumentation,assistingmanagement in leading

processes, and recommending improvements to ensure efficient andaccurateprocesses. 

Role Responsibilities:

• Ensure reconciliations are successfully completed and troubleshoot any discrepancies

• Review cash exceptions daily including researching differences and resolving them inan accurateandtimelymanner

• Ensure accuracy of published cash figures

• Data analysis enhancing transparency, decisiondriversand efficiency

• Collaboratewith internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completion

• Developexpertisearound team control mechanisms and reporting

• Identifyand coordinate escalation of priority issues

• Activelyparticipatein all team meetings including review of key risk and process indicators

• Understand and adhere to all regulatory requirementsimpactingthe reconciliation process

• Ability to evaluate systems, procedures and make recommendations for improvement

• Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts

• Understand upstream processes impactful to the reconciliation and develop ability to correlate the effect of change

• Maintainaccurateprocess documents and train team members to ensurecompleteunderstanding

• Collaboratecross-functionally with stakeholders(i.e.Accounting) to ensure alignment between the IBOR and ABOR reconciliation

• Completion/signoff ofkey controls to ensure adequate oversight of risk management.

Qualifications: 

• Bachelor’s degree-concentration in Accounting, Finance, Business or Economics is preferred

• Understanding of financial instruments with an emphasis on derivative products is preferred

• Strong, effective analytical andproblem solvingskills

• Data Analytics skillsets preferred inclusive of coding (VBA,SQL,PYTHON) and/or understanding of data science methods & implementation

• Organized approach to ensure follow up on outstanding issues and identifyappropriate actionto be taken

• Attention to detail to ensure a high degree of accuracy for all deliverables

• Excellent communication skills to effectively articulate solutions to internal and external stakeholders

• Ability to multi-task and balance requests without losing sight of overallobjectivesand deadlines

• Exceptional decision-making skills and ability to communicate effectively with senior management

• Foster strong internal & external relationships, with a focus on collaboration & client service

• Insatiably curious, desire to learn more and ask inquisitive questions tocome up withcreative sustainable solutions

• Ability to work in a fast paced, rapid changing, deadline driven environment

• Highly adaptable individual who can work in a dynamic environment to be able to think out of the box and “connect the dots”

• Proficiencyin Microsoft office products (with an emphasis on Excel) or other programming languages and an aptitude for learning new applications