ETF Servicing - Analyst/Associate - SF

San Francisco, CA, United States

Description About this role

About BlackRock

Elevate your career by joining the world's largest asset manager! Would you thrive in an environment that fosters positive relationships and recognizes outstanding performance? We know how important it is 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 $10 trillion in 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.

BlackRock is the #1 Exchange Traded Fund (ETF) provider globally with over $3 trillion in assets under management. With more than two decades of ETF innovation and expertise behind us, we serve investors of all sorts, all around the world. We offer clients a comprehensive range of products that provide transparent and cost-efficient access to a full range of asset classes and global markets.

Role Description and Responsibilities

ETF Platform Innovation and Change (EPIC) is a team within BlackRock's Technology & Operations division. We develop strategy and execute initiatives central to our indexing and firm-wide growth aspirations and priorities. In our day-to-day, the team brings together change professionals and domain specialists to deliver scale and innovation to some of BlackRock’s fastest-growing products.

This San Francisco based role sits in our ETF Services Team (VEST) which is responsible for providing ETF servicing to more than 250 US Domestic Equity and US Fixed Income iShares products representing over $2 Trillion in AUM. Additionally, VEST is responsible for helping evolve our new ETF Servicing Platform (ESP) as we migrate additional product groups and launch increasingly complex products on to the platform.

In this role, you will be responsible for leading cross functional efforts in implementing technical solutions or operational enhancements in support of ESP and the ETF Servicing function. Additionally, you will be expected to learn and execute the team’s core daily workflow as part of the ETF order lifecycle with an eye on process improvement, risk mitigation and automation.

Our key stakeholders and partners include Portfolio Management, Capital Markets, Product Engineering, Aladdin Engineering, Aladdin Product Management, and back-office service providers. There will also be opportunities to put your analytical abilities, problem solving skills and attention to detail to test during the project phases of the engagement.

If you are the type of person who loves to be challenged and work outside your comfort-zone, then this unique opportunity may be for you.

About You

To be successful in this role you should have solid understanding of one or more of the following areas:

Experience using computer technology in applications or systems programming, computer systems development, web development, database administration, or planning of data processing.

Strong technology proficiency in one or more of the following areas is highly desired : Aladdin technology suite, data model & data feed interaction, API’s, industry technology (e.g. CNS, Swift, OMGEO), data and reporting toolsets (e.g. ADS/SQL, Microsoft Excel VBA/Macros, Power BI), Python, etc.

Capital markets, securities, and financial instruments

ETF Operations (e.g. creation/redemption process)

Fund Accounting principles

Custody framework & operations

Trade Operations (e.g. end-to-end understanding of the trade lifecycle including clearing and settlement)

Distribution ecosystem and its impacts (e.g. end-to-end process workflow, partner interactions/dependencies, fund accounting aspects, process nuances)

General awareness of other BlackRock functional areas including, but not limited to: EII Capital Markets and Product Engineering, Portfolio Management, TA Servicing, Global Investment Operations, Data Operations, etc.

Competencies

Ability to gather and analyze facts, define problems, and suggest solutions.

Experience using computer technology in applications or systems programming, computer systems development, web development, database administration, or planning of data processing.

Scripting or basic development language skills to automate common tasks.

Excellence in understanding holistic business requirements and communicating the needs of the team effectively.

Organized approach to ensure follow up on outstanding issues and identify appropriate action to be taken.

Attention to detail to ensure a high degree of accuracy for all deliverables.

Excellent communication skills to effectively articulate solutions to internal and external partners.

Ability to multi-task and balance requests without losing sight of overall objectives and deadlines.

Exceptional decision-making skills and ability to communicate effectively with senior management.

***** FINRA Series 99 and SIE licenses are required for this role and must be obtained within 90 days of hire. *****

#EarlyCareersFor California only the salary range for this position is $76,000 - $95,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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.

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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.

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