Associate, Reconciliations / Investigations - Delaware

BlackRock•Wilmington, DE

3d•Hybrid

About The Position

BlackRock’s Outsourced Platform Services (OPS) provides investment accounting and middle-office services to clients across a wide range of assets, portfolios, positions, and transactions. The OPS Cash Operations team, within Technology & Operations, supports the investment process by helping ensure that clients’ cash and position data are accurate and reliable across asset classes and transaction types including equities, fixed income, over-the-counter derivatives, foreign exchange, synthetic positions, and collateral. As a Cash Operations Associate, you will help manage operational risk and exposure by ensuring the investment book of record is accurately reconciled against external record holders. You will develop expertise in reconciliation, investigate and resolve exceptions, analyze operational data, and work with internal and external stakeholders to address issues. You will also help improve the platform through stronger controls, process improvements, greater transparency, automation, and standardization. The role offers exposure to investment operations, financial instruments, data analysis, risk management, and cross-functional client service. BlackRock’s hybrid work model currently requires employees to work in the office at least four days per week, with the flexibility to work from home one day per week. Some business groups may require additional in-office time.

Requirements

Bachelor’s degree, preferably in Accounting, Finance, Business, or Economics.
Strong analytical and problem-solving skills.
Strong organization and attention to detail, with the ability to manage competing priorities while maintaining accuracy and meeting deadlines.
Strong communication and relationship-building skills, including the ability to articulate solutions to clients, internal partners, and senior stakeholders.
Curiosity and adaptability, with the ability to connect information across processes, learn quickly, and develop practical solutions in a dynamic environment.

Nice To Haves

Knowledge of financial instruments and derivative products.
Data analytics capabilities and familiarity with tools such as VBA, SQL, or Python.

Responsibilities

Complete daily cash reconciliations, research and resolve exceptions, and ensure timely and accurate publication of cash figures.
Analyze operational data and processes to identify trends, improve transparency and efficiency, and drive automation, standardization, and process enhancement.
Partner with internal and external stakeholders to resolve issues, escalate priority matters, and review key risk and process indicators through completion.
Develop and oversee key controls and reporting to support effective risk management, regulatory requirements, and adherence to client service-level agreements.
Develop an end-to-end understanding of upstream dependencies and collaborate cross-functionally, including with Accounting, to maintain alignment between investment and accounting books of record.
Maintain accurate process documentation and share knowledge across the team to support consistent execution and understanding of key processes.
Apply sound judgment and critical thinking, adapt as the business evolves, and explore new approaches and technologies while rigorously challenging results.