About the position
About BlackRock Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $110 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Team Overview Global Accounting & Product Services (GAAPS) GAAPS is a global servicing department within Technology and Operations that manages the accounting and operating control environment for BlackRock’s global commingled vehicles and separately managed accounts and provides various other administrative and oversight services to BlackRock’s various product ranges including the BlackRock mutual funds and iShares ETFs.
Responsibilities
- Oversight of internal and outsourced accounting, administration, custody, financial reporting, and transfer agency functions.
- Board governance and reporting.
- Product lifecycle management and business strategy enablement.
- Technical accounting and regulatory reporting guidance.
- Portfolio trade compliance monitoring and adherence to product and regulatory guidelines and policies.
- Engage with tax, product, and portfolio management teams to determine fund structures, distribution practices and operational models.
- Contribute towards and prepare presentations to BlackRock governance bodies (e.g. fund boards) and committees.
- Participate in the investigation of operating events coordinating with cross functional colleagues.
- Review and challenge policies and procedures to help evolve the operating model to best practice.
- Assess the operating model for risk and efficiency, with a focus on automation and technology.
- Build good relationships with business areas within BlackRock, effectively engage and lead fund launches and product change.
- Oversight of outsourced functions including fund auditors, review performance of the service providers, and evaluate control environments.
Requirements
- 6-10 years 1940 Act investment management industry experience with fund structures such as open-end mutual funds and exchange traded funds.
- Experience in ETF operations and/or ETF Fund Accounting a plus.
- Understanding of US GAAP and SEC regulatory reporting requirements.
- Fund / product lifecycle event management such as launches, liquidations, mergers, and other restructuring events.
- Familiarity with RIC tax and fund distribution requirements.
- Diverse range of fund expense structures (unitary and pass thru) and methods for waivers, caps, allocation, and application of break points.
- External service provider oversight.
- Project Management for regulatory and business change.
- Accountability and ownership of key functions and special projects.
- Vendor management experience.
- Good understanding of the fund valuation and associated transaction lifecycle and key control frameworks.
- Solid prioritization skills and ability to handle competing priorities.
- Proven track record in implementing change management.
- Develop practical and pragmatic solutions through a ‘hands on’ approach.
- Strong verbal and written communication capabilities with all levels, including portfolio managers, fund directors, external auditors, senior management, and vendors.
- Initiative, drive, and enthusiasm.
- Excellent attention to detail and passion for performance.
Benefits
- Strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO)
- Annual discretionary bonus
