Associate, Trade Clearance/Settlement - Princeton

BlackRock • Princeton, NJ

11d • $95,000 - $127,500 • Hybrid

About The Position

Since 2000, BlackRock has delivered Investment Accounting and Middle Office services, supporting a diverse client base with approximately $2.7 trillion in assets across 250,000 positions. Our team processes over 300,000 trades and reconciles more than 1 million transactions annually across 1,700 portfolios. To enhance scalability, mitigate risk, and deliver exceptional client experiences, we established Outsourced Platform Services (OPS). At the heart of our outsourced services are the functional teams that support our clients’ portfolios, assets & transactions daily. BlackRock’s Outsourced Platform Services (OPS) provides global middle- and back-office support for BlackRock Solutions’ outsourcing business, encompassing trade support, transaction servicing, collateral management, data governance, payments, corporate actions, reconciliations, alternative operations, and investment accounting—delivering operational excellence worldwide. Global Client Alternative Services (GCAS), a specialized team within Tech & Ops under OPS, ensures the integrity of cash and position data for middle-office clients and delivers comprehensive outsourcing solutions for Aladdin clients investing in Alternatives and Private Markets. Lead global collaboration, supervise Private and Alternative assets, engage clients, perform daily IBOR reconciliation. This role necessitates proficiency in reconciliation, exception management, and client service, improved by adept problem-solving, data analysis, and operational improvement capabilities. Additional responsibilities include maintaining documentation, supporting management initiatives, and driving operational efficiency.

Requirements

• Experience of 3–6 years in loan operations, including hands-on involvement in settlements, reconciliations, and transaction-related documentation.
• Strong understanding of private credit, real assets, and project finance.
• Strong communication skills and proficiency in delivering outstanding service, proven by a track record of encouraging reliable connections.
• Broad knowledge of banking and investment management, including alternatives such as private credit, bank loans, credit strategies, registered funds, and financial institutions.
• Proven ability to perform under pressure in high-volume, high-risk environments.
• Self-motivated and collaborative, with a proactive approach to taking on new responsibilities.
• Skilled at managing competing priorities while staying dedicated to goals and deadlines.
• Good judgment and decision-making skills, with a willingness to seek clarity when needed.
• Comfortable working in diverse teams that value different perspectives and problem-solving styles.
• Advanced proficiency in Microsoft Excel; familiarity with loan-centric systems is a plus.
• Solid understanding of trading instruments and settlement processes.
• Strong analytical and organizational skills, with a dedication to accuracy and efficiency.
• Demonstrates initiative and a team-first approach, contributing beyond core responsibilities.

Responsibilities

• Apply extensive knowledge in loan and private markets, including project finance, structured credit, real assets, and syndicated loans, to establish strong connections with collaborators, customers, interested parties, participants, partners, and team members.
• Review and interpret complex legal documentation, translating key terms into clear, actionable steps.
• Support settlement processes across a wide range of instruments, including syndications, secondary trades, CLOs, restructurings, infrastructure debt, renewable power, real estate debt, and trade claims.
• Partner with internal and external teams to ensure accuracy and integrity of the Investment Book of Record (IBOR).
• Maintain thorough knowledge of portfolios and deal documentation to uphold control standards and meet regulatory requirements.
• Lead initiatives to automate processes and strengthen controls, improving efficiency and reducing operational risk.
• Resolve cash, position, and transaction discrepancies with precision and urgency.
• Apply working knowledge of loan systems to enhance operational workflows.
• Manage several priorities in a fast-paced environment while paying attention to detail and meeting deadlines.
• Contribute to innovation at the intersection of private markets and operations, supporting BlackRock’s mission to deliver scalable, risk-aware solutions.

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: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees