Associate, Cash and Asset Reconciliation

at BlackRock Financial Management, Inc. in Wilmington, Delaware, United States

Job Description

Employer: BlackRock Financial Management, Inc. Job Title: Associate, Cash and Asset Reconciliation (Ref code: R232780) Job Location: 100 Bellevue Parkway Wilmington, DE 19809 Duties: Ensures all BlackRock cash and position data are accurate for critical processes including investment management, analytics, compliance, and regulatory. Cash and Position types include: equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral. Handles risk and exposure for BlackRock by ensuring the investment book of record is reconciled with the custodian, manager, client and prime record holders daily. Completes control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity. Addresses inquiries, performs controls, resolves problems, and mitigates risks for clients and internal BlackRock partners. Prepares and reviews reconciliations between BlackRock, Asset Manager, and Custodian Bank, including researching differences and resolving them. Performs ongoing maintenance of the existing accounts to reflect client or account level changes. Assists in special projects and initiatives to improve the service offering. Evaluates process and procedures for inefficiencies and makes recommendations for improvement, while acting as a change-management agent to consistently improve the quality control environment and develop standard methodologies. Raises all material risk items and service issues on a timely basis. Coaches and mentors team members to encourage high individual performance and service standards. Requirements: Bachelor’s degree in Finance, Business Administration, Accounting, Information Technology, Economics, or a closely-related field, and three (3) years as a Financial Analyst, Cash and Asset Reconciliation Specialist, Operations Analyst, or related role. Three (3) years of experience with: Mechanics of reconciling cash transactions, cash balances, and positions; Reconciliation exception management; Data analysis; Equity and fixed income securities and derivative products; Reviewing, researching, and coding transactions, balances, and positions exceptions with root cause, responsibility party, and resolution commentary; and MS Office. Employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department, and individual performance. To apply, send resume to Reference: R232780 #LI-DNI
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Job Posting: 1216113

Posted On: Nov 22, 2023

Updated On: Dec 26, 2023

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