Associate, Index Operations - San Francisco

Posted Yesterday
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San Francisco, CA, USA
In-Office
133K-162K Annually
Senior level
Fintech • Information Technology • Financial Services
Bringing together tech and market expertise to help people build better financial futures.
The Role

About this role

BlackRock Index Services (BIS) is responsible for the design, development, and administration of Fixed Income and Multi-Asset indices used by internal and external clients. Our success hinges on producing and supporting pristine data and indices that are disseminated timely and accurately to support our clients.


The BIS Index Operations team is responsible for:

  • Owning the end-to-end daily production, data quality control, and delivery of BlackRock indices across asset classes—Fixed Income and MultiAsset, including rebalances.
  • Ensuring 3rd-party data vendors are aligned with accurate data and SLAs, including managing customer concerns through resolution.
  • Maintaining Index Operations procedures and documentations for all product suites, workflows, and quality control mechanisms.
  • Reporting to senior management with key insights on data and index offerings.

Role Responsibilities

  • Quality-control and publish daily index returns and risk analytics through BlackRock’s proprietary Aladdin platform.
  • Ensure high quality data is delivered in a timely manner to our clients for use in investment management decisions.
  • Design data quality checks to assess data health and detect deficiencies with our data sources or internal data processes.
  • Ensure resilience and stability through quality control reviews, unit, regression and user acceptance testing, and level one production support.
  • Investigate and resolve complex issues and perform ad-hoc analysis of large datasets, while meeting tight deadlines for client work.
  • Offer high-quality client service and handle inquiries in a timely manner.
  • Run data reconciliation and reviews to drive the resolution of issues with internal data owners, external vendors and/or the development of solutions
  • document, and track defects in a clear and concise manner.
  • Understand investment analytics across fixed-income and multi-asset indices to help clients understand and interpret index exposures, and sources of
  • risk and returns.
  • Project manage new indices through coordination with colleagues across engineering, research, and other partner teams.

Experience and Skills

  • BS/BA (or equivalent) or higher with preference to business, technology, or engineering focus.
  • 5-9 years of experience in asset management or financial services with data and operations experience.
  • Familiarity to Aladdin infrastructure tools and process (Security Master, Green Package, Alpha, BondCalc, PMS, Dashboard, Explore, CRA,
  • PRADA, etc.), is preferred.
  • Relentless desire for understanding how processes work and entrepreneurial aim to learn new skills and technologies.
  • Strong attention to details and focus on high quality delivery.
  • Basic SQL, Python, and Snowflake experience.
  • Shown ability to work well independently or as part of a team in an innovative, ambitious, and fast-paced environment, run multiple tasks, adapt to
  • change, and work well under tight time restraints.
  • A reputation as a good communicator and the ability to distill sophisticated concepts and information.
  • Experience with financial indices and index data attributes.
For San Francisco, CA Only the salary range for this position is USD$132,500.00 - USD$162,000.00 . 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 [email protected]. All requests are treated in line with our privacy policy.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.

Skills Required

  • Bachelor’s degree or equivalent, preferably in business, technology, or engineering
  • 5–9 years of experience in asset management or financial services with data and operations experience
  • Basic SQL experience
  • Basic Python experience
  • Basic Snowflake experience
  • Experience with financial indices and index data attributes
  • Strong attention to detail and focus on high-quality delivery
  • Ability to work independently and collaboratively in a fast-paced environment
  • Ability to manage multiple tasks, adapt to change, and meet tight deadlines
  • Strong communication skills and ability to distill sophisticated concepts and information
  • Familiarity with Aladdin infrastructure tools and processes

BlackRock Compensation & Benefits Highlights

  • Leave & Time Off Breadth Flexible Time Off (no fixed PTO bank) with manager approval is highlighted alongside separate sick and bereavement leave, signaling broad time-off options. Feedback suggests this high‑trust approach is a notable strength among large employers.
  • Parental & Family Support Gender‑neutral U.S. parental leave offers up to 16 weeks for primary caregivers and up to 4 weeks for non‑primary caregivers, plus a two‑week flexible return‑to‑work transition. Backup child/elder care, fertility/adoption/surrogacy assistance, and lactation support are also emphasized.
  • Retirement Support Offerings include 401(k)/retirement savings plans, financial counseling/education, and an Employee Stock Purchase Plan, complemented by programs like tuition assistance and student‑loan/college‑savings support where applicable. Feedback suggests these components form a strong financial‑wellness package.

BlackRock Insights

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The Company
HQ: New York, New York
25,000 Employees
Year Founded: 1988

What We Do

As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com

Why Work With Us

Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.

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Hybrid Workspace

Employees engage in a combination of remote and on-site work.

BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.

Typical time on-site: 4 days a week
HQNew York, New York
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