Associate, Reconciliations
BlackRock · Posted Oct 13
Investment management, asset management, risk analytics, and wealth services
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About the role
The Outsourced Platform Services Asset Reconciliations team is responsible for a reconciliation operating model that safeguards the integrity of BlackRock’s investment data across investment management, analytics, compliance, and regulatory reporting. The team oversees reconciliation across equities, fixed income, derivatives, collateral, and related cash activity, partnering with internal teams, external service providers, custodians, and clients. The Associate performs day-to-day reconciliations, exception resolution, root-cause analysis, and process improvement while contributing to a controlled and efficient operating environment.
What you will do
- Perform day-to-day reconciliation activities, including control reporting, position break resolution, inbox and dashboard monitoring, client and portfolio maintenance, and subscription/redemption processing.
- Deliver high-quality service to internal and external stakeholders by addressing inquiries, performing controls, resolving issues, and mitigating operational risk.
- Prepare and review reconciliations across BlackRock, asset manager, and custodian records, investigating differences and resolving exceptions accurately and within required timelines.
- Maintain account and portfolio records to reflect client, account, and market-driven changes accurately and on a timely basis.
- Partner with external service providers, internal teams, and other BlackRock functions to investigate and resolve operational issues.
- Support special projects and initiatives aimed at enhancing controls, improving service delivery, and increasing operational efficiency.
- Build strong working relationships with internal and external partners, with a focus on collaboration, responsiveness, and client service.
- Identify process inefficiencies and recommend enhancements to strengthen controls, improve scalability, and support standard methodologies.
- Raising all material risk items and service issues on a timely basis.
- Coaching and mentoring team members to encourage high individual performance and service standards
- Demonstrating ability to self-improve and develop.
- Understand the impact of Position on upstream and downstream partners
Skills used in this role
What the employer is looking for
- 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 can 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 act
- 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 environment
- 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 qualifications
- A four-year degree is required in Finance, Accounting, Information Technology, or Economics or a masters degree in relevant fields.
- Understanding upstream processes is impactful to 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
Benefits and support
- strong retirement plan
- tuition reimbursement
- comprehensive healthcare
- support for working parents
- Flexible Time Off (FTO)
About BlackRock
BlackRock, Inc. is an American multinational investment management corporation and the world's largest asset manager. The firm provides institutional and individual clients with a broad range of investment, advisory, and risk management products, including its proprietary Aladdin financial technology platform. Headquartered in New York City, BlackRock manages trillions in assets across global equity, fixed income, alternative investments, and iShares exchange-traded funds (ETFs).
- Industry
- Investment Management
- Company size
- 24900 employees
- Founded
- 1988-03-09
- Location
- New York, New York, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
President and Director
Chief Financial Officer and Global Head of Corporate Strategy
Chief Operating Officer
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