Job Information
BlackRock ETF Servicing - Analyst/Associate in Edinburgh, United Kingdom
About this role
About BlackRock
Elevate your career by joining the world's largest asset manager! Would you thrive in an environment that fosters positive relationships and recognizes outstanding performance? We know how important it is to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over $9 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.
BlackRock is the #1 Exchange Traded Fund (ETF) provider globally with over $3 trillion in assets under management. With more than two decades of ETF innovation and expertise behind us, we serve investors of all sorts, all around the world. We offer clients a comprehensive range of products that provide transparent and cost-efficient access to a full range of asset classes and global markets.
Role Description and Responsibilities
ETF Platform Innovation and Change (EPIC) is a team within BlackRock's Technology & Operations division. We develop strategy and execute initiatives central to our indexing and firm-wide growth aspirations and priorities. In our day-to-day, the team brings together change professionals and domain specialists to deliver scale and innovation to some of BlackRock’s fastest-growing products.
This role sits in our recently formed Virtual ETF Services Team (VEST) which is responsible for building this middle-office function from the ground up. This role will support the EMEA and AMER business platforms. VEST will be responsible for helping to insource ETF Servicing, as part of a global project to revolutionize the way ETFs are managed. If you are the type of person who loves to be challenged and work outside your comfort-zone, then this unique opportunity may be for you.
In this role, you will be primarily focused on our daily operational processes and will be responsible for executing daily core workflow oversight, data exception monitoring, inquiry management for specific VEST-owned tasks as part of the ETF order lifecycle, amongst other duties. There will also be opportunities to put your analytical abilities, problem solving skills and attention to detail to the test during key project phases, including testing and deployment once the project is live.
Role Responsibilities
Ownership of the end-to-end ETF servicing workflow
Ensure accurate price and position files are received from our outsourced providers and challenge them when discrepancies and / or issues appear.
Assist in the timely resolution of queries via the primary market with specific focus on fund accounting and pricing driven requests.
Establish daily workflow for the ETF servicing team, with specific focus on Start of Day and End of Day tasks.
Provide fund accounting SME technical input across the ETF servicing operation.
Review and challenge policies and procedures to help evolve the ETF servicing model to best practice.
Assess the operating model for risk and efficiency, with a focus on ensuring accurate and scalable data solutions with our partners.
Build good relationships with teams within the BlackRock iShares ETF eco-system, effectively engage and contribute to product change and the launch of complex products.
About You
To be successful in this role you will be able to demonstrate the below:
Good level of knowledge of how pooled funds (index or active) operate. ETF knowledge is a plus.
Good understanding of the fund valuation, its associated transaction lifecycles, and the underling assets held by pooled funds.
Track record in contributing to change initiatives.
Experience dealing with outsourced providers.
Excellent attention to detail
Strong technology proficiency in one or more of the following areas is desired: Aladdin technology suite, data model & data feed interaction, API’s, industry technology (e.g. CNS, Swift, OMGEO), data and reporting toolsets (e.g. ADS/SQL, Microsoft Excel VBA/Macros, Tableau), Python
Qualifications: working towards or completed standard industry qualifications such as IMC etc.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.