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 preferr