What are the responsibilities and job description for the Associate position at BlackRock?
About This Role
Company: BlackRock Investment Management, LLC
Job Title: Associate
Location: 100 Bellevue Parkway, Wilmington, DE 19809
Job Duties: Develop core analytical capabilities using advanced statistical, quantitative, or data metrics techniques to support business decision-making and process optimization. Address any issues that arise from the transfer agent, and liaison with both internal and external teams, until they are resolved. Provide application or analytical support to researchers or traders on issues such as valuations or data. Coordinate across the firm to support the daily operations of our U.S. retail funds, registered alternative funds, money market funds, and 529 product suites, including fund launches, transitions and terminations, and ensure that actions are being executed accurately at the Transfer Agent. Be responsible for ad-hoc business requests from Internal and External groups looking for information on the Transfer Agency registry or understanding of rule setting of the fund. Access Transfer Agency portals or BlackRock applications to self-service, pull reports, and liaise queries with the Transfer Agency Vendors. Research and develop analytical tools to address issues such as performance measurement, attribution, or profit and loss measurement. Analyze invoices for accurate and timely payments to vendors, while identifying trends and proposing areas for possible cost savings. Analyze Key Performance Indicators from Transfer Agents, to grade the Transfer Agent on a monthly basis. Enhance current operating procedures to increase controls and mitigate risk. Evaluate systems, processes, and procedures for inefficiencies and make recommendations for improvement. Responsible for understanding the data flow, regarding both the timing and content of the data sets that feed through. Oversee breaks or system issues, while evaluating process improvement to ensure issues don’t occur on a regular basis. Recommend streamlining procedures for manual reports deliverable to internal and external stakeholders. Apply mathematical or statistical techniques to address practical issues in finance, such as securities trading, risk management, or financial market regulation. Analyze trends in queries to improve client deliverables. Work with internal groups, such as the Client Order Management that oversees Fund of Fund trading through our Transfer Agents, the Cash Reconciliation team that oversees cash breaks at the Funds that we support, and the Fund Account Oversight group that maintains oversight of the Fund Accounts for the BlackRock Funds. Communicate delays or incorrect data sets to Portfolio management groups so they can accurately trade on expected activity for the funds that they support.
Qualifications: Bachelor’s degree in Engineering (any field), Finance, Mathematics, Statistics or a related field and two (2) years of experience in the job offered or as an Analyst or a related role. Must have two (2) years of experience with: Leverage Microsoft Excel and Power BI to develop core analytical capabilities using advanced statistical, quantitative and data metrics techniques; Experience with investment management topics including securities trading, risk management and financial market regulation; Analyzing trends in queries to improve client deliverables; Experience in enhancing current operating procedures to increase controls and mitigate risk, and evaluating systems, processes, and procedures for inefficiencies and making recommendations for improvement; and Experience of working with external providers, including direct relationship management and oversight. Must have one (1) year of experience with: Experience in providing application and analytical support to researchers and traders on issues including valuations of data, and supporting fund launches, transitions and terminations; Project management experience including resource allocation and team coordination, stakeholder communication, scheduling and planning, performance tracking, and risk management; and Possess advanced Excel skills, including the ability to write macros.
Salary: $96,000 – 117,500
To apply, please click “Apply” on this webpage.
For Wilmington, DE Only the salary range for this position is USD$0.00 - USD$0.00 . Additionally, 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.
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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.
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.
Company: BlackRock Investment Management, LLC
Job Title: Associate
Location: 100 Bellevue Parkway, Wilmington, DE 19809
Job Duties: Develop core analytical capabilities using advanced statistical, quantitative, or data metrics techniques to support business decision-making and process optimization. Address any issues that arise from the transfer agent, and liaison with both internal and external teams, until they are resolved. Provide application or analytical support to researchers or traders on issues such as valuations or data. Coordinate across the firm to support the daily operations of our U.S. retail funds, registered alternative funds, money market funds, and 529 product suites, including fund launches, transitions and terminations, and ensure that actions are being executed accurately at the Transfer Agent. Be responsible for ad-hoc business requests from Internal and External groups looking for information on the Transfer Agency registry or understanding of rule setting of the fund. Access Transfer Agency portals or BlackRock applications to self-service, pull reports, and liaise queries with the Transfer Agency Vendors. Research and develop analytical tools to address issues such as performance measurement, attribution, or profit and loss measurement. Analyze invoices for accurate and timely payments to vendors, while identifying trends and proposing areas for possible cost savings. Analyze Key Performance Indicators from Transfer Agents, to grade the Transfer Agent on a monthly basis. Enhance current operating procedures to increase controls and mitigate risk. Evaluate systems, processes, and procedures for inefficiencies and make recommendations for improvement. Responsible for understanding the data flow, regarding both the timing and content of the data sets that feed through. Oversee breaks or system issues, while evaluating process improvement to ensure issues don’t occur on a regular basis. Recommend streamlining procedures for manual reports deliverable to internal and external stakeholders. Apply mathematical or statistical techniques to address practical issues in finance, such as securities trading, risk management, or financial market regulation. Analyze trends in queries to improve client deliverables. Work with internal groups, such as the Client Order Management that oversees Fund of Fund trading through our Transfer Agents, the Cash Reconciliation team that oversees cash breaks at the Funds that we support, and the Fund Account Oversight group that maintains oversight of the Fund Accounts for the BlackRock Funds. Communicate delays or incorrect data sets to Portfolio management groups so they can accurately trade on expected activity for the funds that they support.
Qualifications: Bachelor’s degree in Engineering (any field), Finance, Mathematics, Statistics or a related field and two (2) years of experience in the job offered or as an Analyst or a related role. Must have two (2) years of experience with: Leverage Microsoft Excel and Power BI to develop core analytical capabilities using advanced statistical, quantitative and data metrics techniques; Experience with investment management topics including securities trading, risk management and financial market regulation; Analyzing trends in queries to improve client deliverables; Experience in enhancing current operating procedures to increase controls and mitigate risk, and evaluating systems, processes, and procedures for inefficiencies and making recommendations for improvement; and Experience of working with external providers, including direct relationship management and oversight. Must have one (1) year of experience with: Experience in providing application and analytical support to researchers and traders on issues including valuations of data, and supporting fund launches, transitions and terminations; Project management experience including resource allocation and team coordination, stakeholder communication, scheduling and planning, performance tracking, and risk management; and Possess advanced Excel skills, including the ability to write macros.
Salary: $96,000 – 117,500
To apply, please click “Apply” on this webpage.
For Wilmington, DE Only the salary range for this position is USD$0.00 - USD$0.00 . Additionally, 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.
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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.
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.
Salary : $96,000 - $117,500