About this role
Team Overview
BlackRock Separately Managed Accounts (SMA) Solutions helps clients customise portfolios for tax efficiency, values alignment, and specific investment exposures across direct indexing, fixed income, active equity, and multi-asset strategies. The Investment Operations team supports the integrity and effective functioning of SMA portfolios through reconciliation, exception management, operational controls, reporting, and close collaboration with investment, technology, custodian, and operations partners.
Your Role and Impact
As an Investment Operations Analyst, you will support middle-office activities across SMA portfolios, with a focus on cash and position reconciliation, exception management, data integrity, risk and control execution, and continuous process improvement. You will apply strong analytical and problem-solving skills to manage operational priorities, resolve issues across partners and platforms, and help strengthen the reliability and scalability of portfolio operations.
Your Responsibilities
In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and combine the curiosity to explore new approaches and technologies with the rigor to challenge the results. The scope of this role also includes the following responsibilities:
- Perform daily cash and position reconciliations, investigating and resolving breaks and data discrepancies across internal books and records, custodians, and investment platforms.
- Monitor positions, cash, transactions, tax lots, pricing, corporate actions, and other portfolio data, supporting operational reporting, data-integrity monitoring, and post-trade controls.
- Partner with portfolio management, custodians, technology teams, and internal operations partners to resolve exceptions and coordinate timely issue escalation.
- Execute operational controls, maintain complete and audit-ready evidence, and identify and escalate material breaks, data-quality concerns, access issues, control weaknesses, and operational risks.
- Develop and maintain Standard Operating Procedures, while contributing to cross-training and knowledge sharing that support consistent and resilient operational execution.
- Manage competing priorities, dependencies, operational commitments, and deadlines, communicating risks or delays proactively and providing coverage during periods of increased activity.
- Identify opportunities to streamline workflows and automate manual activities, using operational data to identify recurring breaks, capacity constraints, and errors while supporting testing, documentation, implementation, and control validation.
Your Experience
- 3-5 years of experience in investment operations, middle-office operations, portfolio operations, fund accounting, or a related financial-services function; exposure to separately managed accounts or tax-managed investment strategies is preferred.
- Working knowledge of the trade lifecycle, including positions, cash, securities, corporate actions, tax lots, pricing, reconciliation, exception management, and post-trade controls.
- Experience investigating reconciliation breaks and resolving data discrepancies across investment platforms, custodians, and internal books and records.
- Strong risk and control mindset, including experience following Standard Operating Procedures, performing maker-checker reviews, maintaining audit-ready evidence, and handling sensitive portfolio data.
- Strong analytical, organisational, and problem-solving capabilities, with attention to detail and the ability to independently prioritise multiple deliverables and meet operational deadlines.
- Excellent written and verbal communication skills, with the ability to collaborate effectively with internal and external stakeholders across functions and regions.
- Familiarity with investment-management platforms and advanced Excel skills; exposure to VBA, Python, Power BI, workflow tools, automation, and process-improvement initiatives is preferred.
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.
Skills Required
- 3-5 years of experience in investment operations, middle-office operations, portfolio operations, fund accounting, or a related financial-services function
- Exposure to separately managed accounts or tax-managed investment strategies
- Working knowledge of the trade lifecycle, including positions, cash, securities, corporate actions, tax lots, pricing, reconciliation, exception management, and post-trade controls
- Experience investigating reconciliation breaks and resolving data discrepancies across investment platforms, custodians, and internal books and records
- Experience following Standard Operating Procedures, performing maker-checker reviews, maintaining audit-ready evidence, and handling sensitive portfolio data
- Strong analytical, organizational, and problem-solving capabilities, with attention to detail and the ability to prioritize multiple deliverables and meet operational deadlines
- Excellent written and verbal communication skills and the ability to collaborate with internal and external stakeholders across functions and regions
- Familiarity with investment-management platforms and advanced Excel skills
- Exposure to VBA, Python, Power BI, workflow tools, automation, and process-improvement initiatives
BlackRock Compensation & Benefits Highlights
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Healthcare Strength — Healthcare coverage is described as comprehensive, including medical, dental, and vision plans with HSA/FSA options and telemedicine. Mental-health resources such as counseling/EAP, wellness incentives, and Calm access are also featured.
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Retirement Support — Retirement programs include savings plans, employer-supported contributions described as competitive in summaries, and financial education resources. An Employee Stock Purchase Plan is also noted in certain locations.
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Parental & Family Support — Parental leave is gender-neutral with up to 16 weeks for primary caregivers and 4 weeks for non-primary caregivers. Additional supports include adoption assistance, fertility benefits in some locations, childcare/elder-care resources, and nursing-mother programs.
BlackRock Insights
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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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.
