Associate, Reconciliations / Investigations - Delaware

BlackRock • Wilmington, DE

4d • $85,000 - $117,500 • Hybrid

About The Position

About this role Would you like to use your know-how to make a difference day in and day out at the world's largest asset manager? Look no further! BlackRock is an equal opportunity employer who value diversity in our company. We are pursuing a Vice President in Cash Operations. Come join our team and experience what it feels like to be part of an organization that makes a difference! Team Overview & Job Purpose: Cash Operations is a group of dedicated professionals who are essential to the investment process by ensuring that all BlackRock cash data is 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. 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.

Requirements

• Bachelor’s degree – concentration in Accounting, Finance, Business or Economics is preferred
• 3-5 years of Financial Services experience with a focus on operations.
• Understanding of financial instruments, particularly derivative products, is preferred
• Strong, effective analytical and problem solving skills
• Data Analytics skills preferred inclusive of coding (VBA, SQL, PYTHON) and/or understanding of data science methods & implementation
• 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 stakeholders
• Ability to multi-task and balance requests without losing sight of overall objectives and deadlines
• 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
• Ability to work in a fast paced, rapid changing, deadline driven environment
• Expertise in Microsoft office products with an emphasis on Excel

Responsibilities

• Ensure reconciliations are successfully completed and troubleshoot any discrepancies
• Review cash & asset position 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
• Work 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 handling of priority customer concerns
• Actively participate in all team meetings including review of key risk and process indicators
• Understand and adhere to all regulatory requirements impacting the reconciliation activities
• 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
• Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees