Associate, Outsourced Platform Services (Delaware)

About the position

The Associate, Outsourced Platform Services role at BlackRock involves managing cash operations within the investment accounting and middle office services team. The position focuses on ensuring accurate cash and position data for clients, managing risk and exposure, and enhancing operational efficiency through data analysis and collaboration with stakeholders. This role is essential for supporting the investment process and requires a strong analytical mindset, attention to detail, and effective communication skills.

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
• 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.

Requirements

• 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 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
• Foster strong internal & external relationships, with a focus on collaboration & client service
• Insatiably curious, desire to learn more and ask inquisitive questions to come up with creative sustainable solutions
• Ability to work in a fast paced, rapid changing, deadline driven environment
• Highly adaptable individual who can work in a dynamic environment to be able to think out of the box and 'connect the dots'
• Proficiency in Microsoft office products (with an emphasis on Excel) or other programming languages and an aptitude for learning new applications.

Nice-to-haves

• Experience with cash management processes
• Familiarity with investment management systems
• Knowledge of regulatory requirements related to financial services

Benefits

• Strong retirement plan
• Tuition reimbursement
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO)