Associate SMA Alternatives Operations

About this role

Team Overview

BlackRock SMA Solutions helps clients customize portfolios for unique tax values-alignment or investment exposures across direct indexing fixed income active equity and multi-asset. We deliver world-class service to all of our clients from wealth advisors to family offices to endowments and foundations.

About the Role

BlackRock’s SMA Solutions business is establishing a new team dedicated to the support of a model-based accounts that invest in alternative assets. This individual will be responsible for the daily operations functions that are related to supporting this new product inclusive of new account setup trade flow management reconciliation and data quality. They will also work in close collaboration with internal & external stakeholders (e.g. Portfolio Managers Distributors Transfer Agents) to resolve issues and mitigate risk with a client service mentality. As this offering grows they will also support the implementation of new distribution channels/clients new technology deployments and participate in the development of new enhancements to achieve scale. They will also be expected to synthesize analyze and present daily/weekly/monthly metrics to senior management.

As a function that sits within BlackRock SMA Solutions team the SMA Alternative Operations team strives to cultivate strong client interpersonal skills with a keen focus on the end client experience.  We are business partners who play an active and transparent role in delivering outstanding client experience on behalf of the firm.

Responsibilities

•                    Ensure accurate client account setup on BlackRock’s platform/portfolio master

•                    Collaborate with internal and external business partners to resolve breaks and operational mismatches

•                    Execute on the daily cash & positions reconciliation of SMA Alts Client Accounts across multiple sponsor platforms

•                    Troubleshoot operational issues with internal and external partners

•                    Work closely with portfolio managers distributors custodians and TAs as well as key internal partners to ensure the effective coordination of operations

•                    Represent SMA Alts Operations on calls & presentations while clearly articulating the functions that are supported

•                    Identify procedural improvements as product expands in the market and volumes increase

•                    Ensure continuous process optimization and improvements are in place for a best controlled risk handled and scalable operations service team

•                    Confidently escalate identified risks and work to clear exceptions with a focus on scalability

•                    Willingness to acquire a deep functional understanding of U.S. Wealth Advisory tools & processes while understanding the lifecycle for alternative investments

•                    Possess a solutions-oriented mindset and challenge the status quo

Requirements

•                    2-5 years of experience in investment operations

•                    Proven ability to build strong relationships with senior management key clients and internal/external stakeholders (e.g. Portfolio Managers Distributors Custodians TA’s)

•                    Experience in a variety of securities operations & products will be a differentiator especially SMA and Private Investments

•                    Exceptional attention to detail

•                    Ability to operate/prioritize effectively and adhere to tight deadlines

•                    Demonstrated ability to be flexible and adapt to changing circumstances

•                    Ability to operate effectively to tight deadlines and to prioritize own work

•                    Positive attitude and resilience with strong problem-solving skills

•                    Experience within a team environment specifically with sharing responsibilities

•                    Proactive communication style with a service philosophy and risk mitigation mentality

•                    Basic proficiency in Microsoft Excel (VLOOKUP pivot table formula driven data scrubbing)

•                    Experience with Aladdin is a plus

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 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.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race creed color national origin sex (including pregnancy and gender identity/expression) sexual orientation age ancestry physical or mental disability marital status political affiliation religion citizenship status genetic information veteran status or any other basis protected under applicable federal state or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process please email [email protected]. All requests are treated in line with our privacy policy.

What We Do

As the world’s largest asset manager BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement home ownership and their children’s education. Our clients range from governments foundations and other large institutions to those investing on behalf of individuals including firefighters nurses teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven focused on clients and risk management and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world Aladdin combines powerful analytics and a common language to help investment teams make faster more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions simplify complexity and deliver investment strategies that meet people where they are. Whether it’s retirement planning wealth building or navigating market shifts we’re here to help clients invest more easily more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com

Why Work With Us

Without our people technology is irrelevant. When we combine the power of people with the power of technology we amplify our ability to create better outcomes for our employees clients shareholders and society alike.

Gallery