Associate, Virtual ETF Servicing Team Associate, Virtual ETF Servicing Team …

in Wilmington, DE, United States
Permanent, Full time
Be the first to apply
in Wilmington, DE, United States
Permanent, Full time
Be the first to apply
Associate, Virtual ETF Servicing Team

About this role

Who We Are

At BlackRock we are a fiduciary to our clients, which means we look out for their best interests. We have an extraordinary responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home, and improve their financial well-being.

We are passionate about our work. But we're also passionate about having a life. From financial wellness to personal wellness, we offer a wide variety of strong work/life support for you to achieve the highest quality of life. Some of our favorites include:

  • Flexible Time Off

  • Strong collaborative culture

  • 401k matching

Team Overview

Join the newly formed Virtual ETF Services Team (VEST) and be a part of building this middle-office function from the ground up. VEST is part of the ETF Platform Innovation and Change (EPIC) team within Technology and Operations and will be responsible for helping insource and manage ETF Servicing as part of the Mt. Sharp program. If you are the type of person who loves to be challenged and work outside your comfort-zone then this unique opportunity may be for you.

Role Responsibility

In this role, you will straddle both project/change management as well as the BAU. In the initial phase of the engagement, you will be instrumental in helping with the design and roll out of the Aladdin ETF Servicing Platform (ESP) which will be the new service hub for iShares. It's expected that all VEST team members participate in project initiatives, contribute thought-leadership, recommend process improvements, conduct trainings and procedure maintenance, provide subject matter expertise, perform UAT, etc.

In the post-Production phase, you are responsible for executing daily BAU workflow oversight, data exception monitoring, and inquiry handling for specific VEST-owned Order Lifecyle and Order Fulfilment functions performed within the platform. Your analytical abilities, problem solving skills and attention to detail will be crucial, while your relationship leadership skills and client focus will contribute to your accomplishments in this assignment.

Required Skills and Experience

  • Capital markets, securities, and financial instruments

  • Knowledge of Trade Ops (e.g. end-to-end understanding of the trade lifecycle and stakeholders)

  • Technology aptitude

Preferred Skills and Experience

  • ETF operations (e.g. build/redeem process)

  • Distribution ecosystem and its impacts (e.g. end-to-end process workflow, partner interactions/dependencies, fund accounting aspects, process nuances)

  • Custody framework & operations

  • Fund accounting (e.g. data flows, consequences, relationships and impacts of actions within the fund accounting ecosystem on order economics)

  • General awareness of other BLK functional areas including, but not limited to: iShares Global Markets, iShares fund onboarding & change processes, TA Servicing, iShares Shareholder Services (e.g. Boston call center)

  • Technology aptitude in the following: technology suite (data model & data feed interaction with the ESP utility), Industry technology (e.g. CNS, OMGEO, Swift), Data and reporting toolsets (e.g. PRISM, Microsoft Excel VBA/Macros

Our 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.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide.  

For additional information on BlackRock, please visit | Twitter:  @blackrock | LinkedIn: .

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
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