About this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs. The Global Accounting and Product Services (GAAPS) division is responsible for providing operational support to BlackRock’s portfolio management teams and clients. GAAPS is central to business operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, monitoring operational capacity for new products, supporting projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers.
The Valuation Governance Team is responsible for the collection and validation of market prices for all assets and liabilities held in managed portfolios, as well as for the distribution of those prices to accounting agents and custodians, where appropriate. Responsibilities also include oversight of third-party accounting agents and custodian security pricing methodologies for proprietary commingled products.
Responsibilities:Daily Valuation Control – Perform daily and monthly controls within deadlines on prices used in BlackRock’s Enterprise Investment System, Aladdin. Respond to issues arising from the daily quality control process that require expert assistance.
Valuation Committee and Board Reporting – Assist with the preparation of materials for the firm's various regional and global valuation committees. Present fair valuation proposals for the securities with unreliable or unavailable prices to governing valuation committees for approval.
Vendor and Fund Administrator Management – Partner with asset pricing vendors to develop and maintain a high quality, end-to-end asset pricing supply chain. Assist in ensuring accuracy of fund administrators’ pricing, which includes communicating fair values and pricing instructions, answering escalations in accordance with the firm’s valuation policies, and reviewing reports.
Ad hoc Requests – Assist team with data requests, training and demos, business continuity efforts, client questions, valuation Committee minutes, and other activities that ensure smooth running of the Global Valuation Governance team. Provide managerial reports reflecting team performance.
Process Enhancement and Change management – Continuously review and improve existing policies and procedures to evolve the current operating model towards best practices. Ensure effective project management by taking accountability and ownership of key functions. Demonstrate strong verbal and written communication skills across all levels to facilitate the implementation process. BLACKROCK 2
People Manager – Lead by example embodying the 1BLK culture, has a passion for coaching and teaching others. Foster a collegial working environment creating a workplace with mutual respect and collaboration.
Knowledge/Experience:
Minimum 10 years of experience in financial services, particularly with direct knowledge of mutual fund administration and/or fund accounting, is preferred.
Fluency in investment instruments, especially fixed income investments.
Have knowledge of derivative instruments (a plus).
Possess strong financial and quantitative abilities. Advanced skills in Excel, proficiency in SQL, and Python are a plus. Knowledge of working with Aladdin or Bloomberg is also a plus.
Hold a bachelor’s degree in finance, accounting, economics, or a related field is preferred.
Proven track record of managing team effectively.
Demonstrate strong organizational, planning, and time management skills, including the ability to function effectively within a fast-paced environment and under tight deadlines and constraints.
Exhibit excellent communication and interpersonal skills, including the ability to deliver presentations and work closely with global teams across functions.
Sound judgment, professionalism, and discretion.
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.
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.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
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.
Top Skills
What We Do
BlackRock is a global asset manager. We help investors build better financial futures. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. Our founding mission was to establish a firm that thinks differently about managing investment risks to best serve our clients, and this is still at our core today.
We challenge businesses to reach higher standards. We use technology to think beyond what’s possible. We provide investment solutions for every need. We aim to simplify a complex world. We help chart paths towards financial health. We are BlackRock, and we are invested in your financial well-being.
Follow us for global insights shaping the economy, thought leadership, and more information on culture and careers at BlackRock.
https://www.blackrock.com/corporate/compliance/social-media-guidelines
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.
Gallery
BlackRock Offices
OnSite Workspace
