Fund Accounting & Oversight, Tech & Ops, Associate

About this role

The Fund Accounting Oversight (FAO) team is in the Global Accounting and Product Services (GAAPS) division within Technology & Operations. FAO coordinates accounting service providers for BlackRock’s AMRS/EMEA portfolios, iShares, and Bitcoin CIFs, providing strategic product assistance to other BlackRock teams. 

Role Responsibilities: 

 The Associate will contribute to Fund and Product Operations, covering fund accounting and valuation oversight, portfolio and product data management, regulatory and product compliance, new fund and share class launches, regulatory cost analysis, and quality control work. 

Within FAO, the team produces daily IBOR accounting valuations and portfolio returns to support BlackRock’s fund businesses across all investment mandates, including Equity, Fixed Income, Multi-Asset Solutions, Fund of Funds, and Alternatives. The team partners with custodians, counterparties, accounting providers, and internal teams to address operational, valuation, accounting, and regulatory issues including supporting EMEA regulatory requirements applicable to investment funds and products including UCITS, MiFID ||, PRIIPS/ KID, AIFMD, SFDR and other applicable country specific fund, product and disclosure requirements.  We are a team that values problem solving and enjoys creating innovative solutions. 

Primary Job Responsibilities: 

• Conduct tasks including reconciliation oversight, review of fund performance against benchmarks and oversight of fund expenses. 

• Support new fund and share class launches, including product, regulatory, operational and fee requirements 

• Perform quality control checks on regulatory costs, product data, regulatory disclosures and other applicable MiFID/ PRIIPs data ensuring consistency against approved source documents 

• Work closely with upstream teams such as Cash reconciliation, Trade operations, Data Integrity Groups and Portfolio managers to ensure accuracy of the job's remit; 

• Coordinate with product, regulatory, compliance, operations and other stakeholders to resolve data discrepancies, support regulatory updates and ensure timely completion of required regulatory activities for new and existing products. 

• Lead all aspects of the preparation and review of holdings/market value reconciliations using Aladdin technology to reconcile positions, prices, market value and accruals; 

• Identify trends, cost drivers, discrepancies and  

• Coordinate the re-engineering of BlackRock’s operating environment and participate in various automation projects to enhance productivity and controls; 

• Involved in the training process of newly hired professionals and interns, as well as testing and implementation of the straight-thru-processing research and reconciliation tools; 

Skills: 

• Bachelor’s degree experience preferred.

• 4-8 years of experience in investment products, reporting within a financial services environment. 

•  Proven experience in performance measurement, fund accounting and/or operations; 

• Excellent organization, communication and writing skills. 

• Strong organizational and time-management skills, with the ability to manage competing priorities and deadlines.

• Good knowledge of MS excel with working knowledge of SQL and VBA desirable. Ability to quickly learn and adapt to new systems, technologies and processes with a strong aptitude for data analysis and problem solving. 

• Works well in a team environment with an entrepreneurial spirit that is willing to build on additional responsibilities quickly; 

• Enjoys working in a fast-paced, high-intensity environment, with excellent analytical, written and oral communications skills. 

Strengths You’ll Need: 

• Attention to detail, accurate work and analyze relevant information using logic and consider relevant facts to make rational, realistic and sound decisions 

• Self-motivated, determined to achieve goals and works hard to meet those goals. 

• Plans, implements and controls significant projects or strategic assignments that require coordinating various resources and scheduling within a collaborative setting. 

• Makes timely decisions and is prepared to act in conditions of uncertainty or ambiguity 

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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.