Job Information
BlackRock SMA Investment Operations Analyst/Associate in Princeton, New Jersey
About this role
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 this Role
We are adding to our staff and are looking for a SMA Investment Operations Analyst/Associate who is bright, articulate, and has a sense of humor. This is an entry-level position and an excellent opportunity for someone interested in gaining experience in the finance industry. Ideal candidates will have excellent problem-solving skills, a high degree of attention to detail, and excellent organizational skills. This is a great opportunity to work for a growing investment management firm.
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.
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.
Experience:
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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.