Cash & Asset Reconciliation, Tech & Ops, Associate

Job Description About This Role The Outsourced platform Services Reconciliation Team is a dedicated group of professionals who ensure that all BlackRock cash & position data are accurate for critical processes including investment management, analytics, compliance, and regulatory. Cash & Position types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral. We provide information services and solutions in supporting this business. The roles and responsibilities will include actively handling risk and exposure for BlackRock by ensuring the investment book of record is reconciled with the custodian, manager, client and/or prime record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes. Primary Responsibilities Include - Completing day to day assigned tasks; including, control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity. - We provide high quality client service externally and internally. Address inquiries, perform controls, resolve problems, and mitigate risks for clients and internal BlackRock partners. - Preparing, and/or reviewing reconciliations between BlackRock, Asset Manager, and Custodian Bank. Includes researching differences and resolving them in a timely and accurate manner - Performing ongoing maintenance of the existing accounts to reflect client or account level changes. - We work with external service providers, internal team members and other BlackRock groups to resolve issues, as identified. - Assisting in special projects and initiatives to improve the service offering - Enjoy developing strong internal & external relationships, with a focus on partnership & client service - Constantly evaluate process and procedures for inefficiencies and make recommendations for improvement. Act as a change-management agent to consistently improve the quality control environment and develop standard methodologies. - Raising all material risk items and service issues on a timely basis. - Coaching and mentoring of team members to encourage high individual performance and service standards - Demonstrating ability to self-improve and develop. Understand the impact of cash on upstream and downstream partners Skills Required - The ability to prioritize and balance multiple requests without losing sight of our overall objectives - You possess strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when vital - You are able to multi-task and perform in a high performance, high demand environment - You take the initiative to follow up on issues identify what needs to be done and take action - Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and evolving team - You are organized and detail oriented with strong time management skills - Ability to work in a multifaceted and team oriented environment and quickly adapt to a constantly evolving business - Contributor to the leadership team ensuring appropriate staffing model, depth charts and succession plans are assessed across the location - Do you have the social skills to effectively articulate solutions to internal and external partners - Capability to assist in creating a team vision, planning and executing steps to ensure a consistently robust team - Thrive in a team environment and build strong relationships with colleagues and external contacts such as custodians, counterparties and other third-party providers - You have strong knowledge of equity and fixed income securities and derivative products - You are proficient in Microsoft Office and have an aptitude for learning new applications Preferred - A four-year degree is required in Finance, Accounting, Information Technology, or Economics - Understanding upstream processes impactful to the reconciliation and develop ability to correlate the effect of change - Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and constantly evolving environment while maintaining the highest standard and attention to detail - We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. 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.