Middle Office Cash Services - Vice President

About this role

Want to elevate your career by being a part of the world's largest asset manager? Are analyzing complex problems and identifying solutions your passion? Look no further! Black Rock is an equal opportunity employer who value diversity in our company. We are pursuing a Vice President in the Cash Services team within Outsourced Platform Services. We recognize that strength comes from diversity, and will embrace your rare skills, eagerness, and passion while giving you the opportunity to grow professionally and as an individual.

At Black Rock, we strive to empower our employees and actively engage your involvement in our success. Come join our team and experience what it feels like to be part of an organization that makes a difference!

Since 2000 and 2006 respectively, Black Rock has been providing Investment Accounting and Middle Office services. With a client base of 17, we handle approximately $2.7 trillion in assets across 250,000 positions. Our team processes over 300,000 trades and reconciles more than 1 million transactions across 1,700 portfolios annually. To ensure scalability, risk reduction, and exceptional client experiences, we have introduced OPS (Outsourced Platform Services).

At the heart of our outsourced services are the functional teams that support our clients’ portfolios, assets, and transactions daily.

The Outsourced Platform Services - Cash Services team is a core group within Tech & Ops of dedicated professionals who are essential to the investment process by ensuring that all middle office clients’ cash & position data are accurate for processes including investment management, analytics, compliance, and regulatory. Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral.

The roles and responsibilities will include actively managing risk and exposure for our clients by ensuring the investment book of record is reconciled with external record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, client service, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

The Vice President is a senior member of the team responsible for managing risk for the firm by overseeing cash reconciliations and exception management processes. We ensure that Black Rock data is in line with custodians, counter parties and other prime record holders every day. You will be a people manager within the team, understand all of the reconciliation processes, ensure differences are raised and resolved timely, troubleshoot and identify root causes.

You will collaborate with colleagues in the US, EMEA, & APAC regions and work with technology support to incorporate enhancements and recommend / drive operational change and improvements.

• All facets of people management to be performed including: coaching and development of staff, leading and motivating as well as performing goal-setting, 1-1s, mid-year and year-end staff review
• Key contributor to the management team ensuring appropriate staffing model, depth charts and succession plans are assessed across the location
• Review of location initiatives and working with other members of the leadership team to define the criticality and priority
• Review cash exceptions daily to ensure the team is appropriately raising and resolving.
• Identifying, leading and mitigating operational risks and raising risk and service issues on a timely basis
• Understanding and adherence to all regulatory requirements
• Lead and empower team towards finding opportunities for process enhancements and other strategic operational enhancements that facilitates operational processes or mitigates operational risk
• Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency
• Embrace change and participating/ leading efficiency and capacity-building…