Veterans Transition Program-Associate, Investor Servicing & Onboarding

About this role

Veteran Transition Program-Associate, Investor Servicing & Onboarding

We recognize that veterans bring a unique and valued perspective to BlackRock thanks to their extraordinary backgrounds and experiences.  The Veterans Transition Program is designed to support veterans in making the transition from military life to the civilian workforce. The Program offers participants the opportunity to work at the world’s largest asset manager for six months. On completion of the Program, successful participants will be offered permanent employment at BlackRock.

Over the course of the Program, participants will:

• Join teams and have an immediate impact;
• Immerse themselves in the work of their teams;
• Gain an understanding of how BlackRock serves its clients;
• Be supported through training and mentorship;
• Get exposure to senior leaders;
• Participate in social and networking opportunities.

Program Structure:

The program begins with an orientation where you’ll learn about BlackRock’s principles, mission, purpose, and culture. You’ll learn about the asset management industry and get an in-depth look at how BlackRock serves its clients.  Following orientation, you’ll join your team and gain insights into the day-to-day life of an Associate as you develop subject-matter expertise through on-the-job learning and our industry-leading technology, Aladdin.

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 trillion in assets across 250,000 positions. Our team processes over 300,000 trades and reconciles more than 1 million transactions across 1,700 portfolios annually. 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.

The OPS Cash Operations team is a core group within Tech & Ops of dedicated professionals who are essential to the investment process by ensuring that all middle office clients’ cash & position data are accurate for 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 record is reconciled 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, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Role Responsibilities:

• Ensure reconciliations are successfully completed and troubleshoot any discrepancies
• Review cash exceptions daily including researching differences and resolving them in an accurate and timely manner
• Ensure accuracy of published cash figures
• Data analysis enhancing transparency, decision drivers and efficiency
• Collaborate with internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completion
• Develop expertise around team control mechanisms and reporting
• Identify and coordinate escalation of priority issues
• Actively participate in all team meetings including review of key risk and process indicators
• Understand and adhere to all regulatory requirements impacting the 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
• Maintain accurate process documents and train team members to ensure complete understanding
• Collaborate cross-functionally with stakeholders (i.e. Accounting) to ensure alignment between the IBOR and ABOR reconciliation
• Completion/sign off of key 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 and problem solving skills
• 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 identify appropriate action to 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 overall objectives and 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 to come up with creative 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”
• Proficiency in Microsoft office products (with an emphasis on Excel) or other programming languages and an aptitude for learning new applications

Where will I be based?

This role will be based in our Wilmington, Delaware Office

Program Eligibility:

• Minimum of 2 years of Active Uniformed service
• <5 years of civilian work experience
• Bachelor’s degree obtained pre- or post-military service
• Open to all U.S. Veterans, regardless of rank or branch of service
• Must be able to commence employment in October 2025

Application Deadline:

• June, 27 2025

For Wilmington, DE Only the salary range for this position is USD$82,000.00 - USD$108,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.