SMA Investment Ops

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 wirehouses and wealth advisors to family offices to endowments and foundations.

The SMA Operations 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.

The SMA Trade Support & Reconciliation 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 (or Associate) will also be expected to synthesize, analyze, and present daily/weekly/monthly metrics to senior management.

We work hard and move quickly as a well-coordinated, collaborative team whose exceptional people are focused on providing extraordinary client service. If you are looking for an opportunity to grow and contribute in a fun, industry-disruptive, fast-paced environment, SMA Solutions is the place for you.

Key responsibilities

• Take the lead as an intermediary between brokers and sponsors to settle trade inquiries.
• Provide strategic support for industry-wide changes that involve proper trade allocations and settlements.
• 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.
• Represent SMA Investment Operations on calls & presentations while clearly articulating the functions that are supported.
• Execute on the daily cash & positions reconciliation of SMA accounts across multiple sponsor platforms.
• 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 U.S. Wealth Advisory tools & processes while understanding the lifecycle from order management through to performance, attribution, and accounting.
• Possess a solutions-oriented mindset and challenge the status quo.

Qualifications

• 1-4 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, clients, etc.
• Positive attitude and resilience, with strong problem-solving skills.
• Ability to operate/prioritize effectively and adhere to tight deadlines.
• Experience within a team environment, specifically with sharing responsibilities.
• Strong understanding of accounting & performance principles, P&I, cost-basis, etc.
• Proactive communication style, with a service philosophy and risk mitigation mentality.
• Basic proficiency in Microsoft Excel (VLOOKUP, pivot table, formula driven data scrubbing).
• Excellent attention to detail, with strong time management skills.
• Experience with InvestCloud APL and Aladdin is a plus.

#EarlyCareers

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 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.