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SMA Trade Support & Reconciliation Analyst/Associate

BlackRock Princeton, United States
Posted 2 days ago Permanent Competitive
SMA Trade Support & Reconciliation Analyst/Associate
Description

About this role

About this role
Looking to join the world's leading Asset Manager? BlackRock's Global Investment Operations team is hiring! Global Investment Operations is responsible for the entire post-trade lifecycle across all asset classes. Professionals hired into this role will become intimate with all operational flows and operational processes, including architecting operational solutions and managing relationships with portfolio managers and traders, our end clients, brokers, custodian banks, fund accountants, administrators, and more.

Our ideal candidate is someone who has a solid understanding of Middle Office functionality, the full lifecycle of a trade, including an understanding of investment transactions on accounting and performance.
Team Overview
The Retail SMA business spans across 25+ sponsor platforms and is comprised of roughly 426,000 accounts with $163 billion AUM. BlackRock's SMA Reconciliation team is responsible for the daily reconciliation of over 46,000 accounts (and growing). Additionally, the team works with internal and external partners to establish Sponsor connectivity, produce performance and composite reporting and collaborate with business partners to achieve growth initiatives. The team's focus includes but is not limited to: daily cash and position reconciliation, reducing operational risk, technology and vendor engagement, automation, and the implementation of processes and workflows designed to support scale.
Role Responsibility
The SMA Trade Support & Reconciliation Analyst/Associate will be responsible for owning the daily support functions of Trade Support, Reconciliation, and Performance & Composite Reporting within the agreed upon SLAs. They will also work in close collaboration with internal & external stakeholders (e.g. Portfolio Managers, Corporate Actions, Data Integrity, Trade Operations, Sponsors) to resolve issues and mitigate risk with a client service mentality. They will collaborate with team members to ensure the business unit is on target to meet and exceed all SLAs while being in a position to support growth and evolving business needs. They will also support the implementation of new system deployments and participate in the development of new enhancements & initiatives, while monitoring and reviewing feedback to ensure new solutions are effective. The Analyst/Associate will also be expected to synthesize, analyze, and present daily/weekly/monthly metrics to senior management.
Responsibilities:
  • Own the daily cash & positions reconciliation of SMA accounts across multiple sponsor platforms.
  • Collaborate with internal and external business partners to resolve breaks and operational mismatches.
  • Confidently escalate identified risks and work to clear exceptions, with a focus on scalability.
  • Act as an intermediary between brokers and sponsors to settle trade inquiries.
  • Represent SMA Operations on calls & presentations while clearly articulating the functions that are supported.
  • Participate in special projects and work with parallel teams to establish workflows and connectivity with sponsor partners.
  • Be responsible for identifying procedural improvements and seeing them through to production. This will involve communication to management as well as internal teams.
  • Willingness to acquire a deep functional understanding of Global Investment Operations tools and processes while understanding the lifecycle from order management through to performance, attribution, and accounting.
  • Possess a solutions-oriented mindset and challenge the status quo.
Experience
  • 2-5 years' experience in brokerage, institutional banking operations, financial reconciliation, or financial services required.
  • Proven track record of developing deep relationships with internal and external stakeholders such as: front-office personnel, custodians, brokers, borrowers, clients, etc.
  • Experience on project teams, with the specific responsibility of bringing white-board concepts to production.
  • Proven ability to identify and implement process improvements.
  • Strong understanding of accounting & performance principles, P&I, cost-basis, etc.
  • Proactive communication style, with a service philosophy and risk mitigation mentality required.
  • Experience working cross-functionally within a matrix organization.
  • Proficiency in Microsoft Excel (VLOOKUP, pivot table, formula driven data scrubbing).
  • Excellent attention to detail, with strong time management skills.
  • Ability to operate/prioritize effectively and adhere to tight deadlines.
  • Positive attitude and resilience, with strong problem-solving skills.
  • Experience with InvestCloud APL and Aladdin is a plus.
Other
  • Travel : No
  • Direct Reports: No
  • Licenses: No

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, disability, veteran status, and other statuses protected by law.
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
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.

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.

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.

Our hybrid work model

BlackRock's current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

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.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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.
Job ID  R230036
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