Associate, Cash and Asset Reconciliation - Delaware

About this role

Want to elevate your career by being a part of the world's largest asset manager? Do you thrive in an environment that fosters positive relationships and recognizes stellar service? Are analyzing sophisticated problems and identifying solutions your passion? Look no further.

BlackRock is currently seeking a Cash Operations Associate to 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.

We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $8.7 trillion of assets we have an extraordinary responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Come join our team and experience what it feels like to be part of an organization that makes a difference.

Team Overview &Job Purpose:

The GIO Cash & Asset Operations 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. Our team provides information services and solutions in support of all BlackRock and BlackRock Solutions businesses. The roles and responsibilities will include actively managing risk and exposure for BlackRock by ensuring the investment book of record reconciled with external 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.

Responsibilities

• Review cash & asset position exceptions daily including researching differences and resolving them in an accurate and timely manner

• Work with internal/external partners to ensure issues are being appropriately reviewed and progressing to completion

• Working across APAC to assess the overall current state and potential for business model improvements

• Perform control and risk oversight for all functions performed within the team including;

• Ensure all accounts are reconciled and published by agreed deadlines daily

• Review cash, position and collateral exceptions daily to ensure the team is appropriately raising and resolving

• Identifying, leading and mitigating operational risks and raising risk and service issues on a timely basis

• Understanding and adherence to all regulatory requirements

• Lead and motivate team towards finding opportunities for process enhancements and other strategic operational enhancements that facilitates operational processes or mitigates operational risk

• Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency

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

• Build and maintain strong interactions with key internal & external partners including; leading & coordinating problem resolution

• Maintain accurate and current desktop procedures

• Embracing the BlackRock Principles and role modeling these behaviors to other team members

• Understanding and adherence to all regulatory requirements

• Lead and motivate team towards finding opportunities for process enhancements and other strategic operational enhancements that facilitates operational processes or mitigates operational risk

• Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency

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

• Build and maintain strong interactions with key internal & external partners including; leading & coordinating problem resolution

• Maintain accurate and current desktop procedures

• Embracing the BlackRock Principles and role modeling these behaviors to other team members

Experience

• Candidate should possess 7-10 years of financial services experience and have a good understanding of Financial Markets, preferably within the Investment Management, or Global Custody environment.

• Previous experience in Income Process, Cash & Asset Reconciliation process is preferred

• Minimum of 3 – 5 years of supervisory experience; demonstrated experience in leading teams of professionals, staff development, coaching and performance assessments

• Proficiency in Microsoft office products (with an emphasis on Excel) or other programming languages and an interest in learning new applications

• Strong, effective analytical and problem-solving skills

• 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 partners

• Preferred abilities in Data Analytics, including coding in VBA, SQL, PYTHON, and/or understanding data science methods and implementation.

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

• Demonstration of strategic & tactical delivery in previous role(s) which would have enhanced the efficiency, risk management and control oversight of team(s) managed

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

• Ability to work in a team environment and build strong relationships with colleagues and external contacts such as custodians, counterparties and other third-party providers

• Ability to help form a team vision, plan and complete steps to support a consistently productive team

• Strong initiative to follow up on outstanding issues – identify what needs to be done and take action and see through to resolution

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.