Vice President, Alternative Operations
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Wilmington, DE 19806
Vice President, Alternative Operations
Investment Operations – Investments
BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients-period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.
That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges.
About this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions – from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
At BlackRock, we value diverse perspectives and experiences . As such, teams within our Technology & Operations business would like to invite experienced operations professionals who are looking to re-launch their careers after an extended absence from the workplace to participate in a paid 6 month pilot returnship.
This program is aimed to help participants renew their:
+ Experience through on-the-job learning of investing
+ Exposure through networking and mentoring opportunities
+ Education through specific skill-based training, modelling, and financial analysis
Candidates should have experience in the fields of operations, accounting and/or administration with a particular focus on alternative investment funds.
Whether this pilot returnship leads to a full-time career, or serves to sharpen the skills necessary to take the next step, it will be a valuable experience for participants to build their career portfolio.
Please note that while we hope to be able to offer the best performers opportunities to stay on full-time at BlackRock, participation in the pilot returnship does not guarantee a permanent position.
Within Alternatives Operations, the Alternative Investment Services (AIS) team supports the investment & client onboarding, trade lifecycle, cash management, client reporting, and other recurring & ad-hoc functions for a wide range of alternative investments across all private asset classes and throughout the capital structure.
+ Foster a relationship with back-office support professionals at hedge funds as well as their administrators, including frequent communications regarding trading
+ Interact with NAV Oversight, Client Servicing / Reporting, and Portfolio Management teams as needed to address investor queries and investment-level funding issues
+ Support the onboarding of new alternative investor mandates, investments, and vehicles, including informing & implementing processes for investment/trade lifecycle management, cash management, reporting, and reconciliation
+ Provide trade support and execution functions for private investment funds, including monitoring internal and external teams to ensure accurate and timely execution
+ Work with portfolio management teams to facilitate cash management, capital activity, and investment funding processes
+ Liaise with external service providers, internal team members and other BlackRock groups to resolve operational issues, as identified
+ Identify opportunities for technological innovation and enhancements to processes
+ Identify risk areas and implement/improve risk-mitigating controls
+ Assist with preparation and review of reporting deliverables and ensure deadlines are met
+ Ensure the team’s process documentation and controls are updated and reviewed regularly
+ VP-equivalent or higher prior to work break; or 7+ years relevant experience
+ 2+ year voluntary career break
+ A bachelor’s degree in Accounting or Finance is preferred as is a proficiency in Excel
+ Excellent written and oral communication skills
+ Experience multi-tasking in a fast-paced environment
+ Highly organized and able to adapt to variable deadlines
+ Strong analytical and problem-solving abilities
+ Outstanding work ethic required along with demonstrated success in high performance or high demand environments
+ Initiative and a willingness to contribute beyond the scope of one’s role to achieve team and firm objectives
BlackRock helps investors build better financial futures. 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 March 31, 2019, the firm managed approximately $6.52 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit @blackrock at http://www.blackrock.com/us/individual Blog: 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 requisition #
BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer. 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 EEO is the Law poster here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf and its supplement here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf . The pay transparency policy is available here at https://www.dol.gov/ofccp/pdf/pay-transp_formattedESQA508c.pdf .
BlackRock is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to Disability.Assistance@blackrock.com and let us know the nature of your request and your contact information.