Cash Operations Analyst

Team Overview

The Cash Operations Team is responsible for ensuring the accuracy of spendable cash balances and providing the amount to Portfolio Managers / Investment teams on a daily basis. The roles and responsibilities will include actively managing risk and exposure for BlackRock by ensuring all cash balances in Aladdin are accurate and validating all activity processed by external providers on a daily basis. As a member of the team, you will partner with external providers and internal departments to coordinate timely resolution of exceptions, work to identify and solve for root cause, and help develop mature processes as our technology advances. The role will result in understanding the mechanics of the reconciliation process, exception management, troubleshoot issues, drive innovative enhancements, analyze daily metrics, assist management in leading processes and recommend improvements to ensure efficient and accurate processes. The cash reconciliation process plays a prominent role in the lifecycle of a trade, leveraging BlackRock’s proprietary platform Aladdin to ensure operational consistency and client fiduciary responsibilities.

Development Value:
Gain exposure to multiple facets of the investment process

Provides the ability to develop and extend networking opportunities through stakeholder engagement and multiple touchpoints

Exposure to execution of change activities, providing variation in the role

Fostering of personal and technical growth by working with a supportive management team keen to help staff reach their career aspirations

Team is tiered and structured allowing for personal growth, development and promotion

Role Responsibility

Responsibilities :
Oversight and knowledge of all cash balances provided to Portfolio Managers / Investment teams

Provide support to all consumers of cash data, including Investments and Client Businesses

Validate unknown transactions processed by the providers through the Cash Exception Monitor. Work with internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completion

Develop working relationships with key individuals and departments to facilitate the resolution process, both internal and external

Develop expertise around key control checks and reporting

Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts

Escalate any material risk items and/or the potential of missed deadlines

Identify opportunities for process improvement

Experience

Bachelor’s degree – concentration in Accounting, Finance, Business or Economics is preferred

Excellent problem-solving and critical-thinking skills and an ability to identify problems, design and articulate solutions and implement change.

Excellent verbal and written communication skills to effectively articulate solutions to internal and external stakeholders

Must be detail orientated, possess initiative, and work well under pressure

Skilled in multi-tasking and able to absorb information across a broad spectrum of products

Ability to work independently as well as to support a team environment; build strong relationships with colleagues and external contacts

Flexible and willing to quickly take on additional responsibility.

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, disability, veteran status, and other statuses protected by law.