About the role The Outsourced Platform Services Asset Reconciliations team is responsible for delivering a robust reconciliation operating model that safeguards the integrity of BlackRock’s investment data across critical processes, including investment management, analytics, compliance, and regulatory reporting. The team oversees reconciliation across a broad range of asset classes, including equities, fixed income, derivatives, collateral, and related cash activity, partnering closely with internal teams, external service providers, custodians, and clients to ensure timely resolution of exceptions and a strong control environment. The Associate is expected to develop a strong understanding of reconciliation processes, exception management, root-cause analysis, risk identification, data analysis, and process improvement while contributing to a controlled and efficient operating environment. Responsibilities 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 Requirements 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 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! Nice to have 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 To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about. Our hybrid work model BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock. Guidance on AI use for candidates At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self. About the company At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress. This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive. To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok. BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
