Vice President, Asset Operations - Delaware at BlackRock

Wilmington, Delaware, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial ServicesIndustries

Requirements

At least 7 years of financial services experience
Strong understanding of Financial Markets
Solid understanding of Corporate Actions and Income (preferred)
Knowledge of reconciliation mechanics, cash and position reconciliations, exception management, equities, fixed income, OTC derivatives (swaps, swaptions, FXs, synthetics, collateral)
Ability to oversee risk and exposure, verify investment book of record against external prime record holders daily
Experience managing people, including coaching, developing staff, leading, motivating, goal-setting, 1-1s, mid-year, and year-end reviews

Responsibilities

Perform all aspects of people management: coaching and developing staff, leading and motivating them, conducting goal-setting, 1-1s, mid-year, and year-end reviews
Contribute to Global Cash Ops, Asset Reconciliation, and wider Business Operations planning
Key contributor to management team: ensure appropriate staffing model, depth charts, and succession plans across the location
Review location initiatives and work with leadership team to define criticality and priority
Review cash and position exceptions daily to ensure team raises and resolves them appropriately
Identify, lead, and mitigate operational risks; raise risk and service issues timely
Understand and adhere to all regulatory requirements
Lead and empower team to find opportunities for process enhancements and strategic operational improvements to facilitate processes or mitigate risk
Accurately record metrics related to responsibilities for management visibility on team productivity and efficiency
Embrace change and participate/lead efficiency and capacity-building initiatives, including automation/standardization, cost/benefit analysis, and project value computation
Understand upstream processes impacting reconciliation and correlate effects of change
Build and maintain strong interactions with key internal & external partners; lead & coordinate problem resolution
Embrace BlackRock Principles and role model them to team members
Advise regional team, comprehend all reconciliation procedures, guarantee discrepancies are identified and addressed promptly, investigate and resolve underlying causes
Work closely with US and APAC colleagues and partner with technology for improvements, operational changes, and enhancements

Skills

Key technologies and capabilities for this role

Asset ReconciliationCash ReconciliationPosition ReconciliationException ManagementRisk ManagementEquitiesFixed IncomeOTC DerivativesSwapsSwaptionsFXSyntheticsCollateral ManagementData AnalysisProcess Improvement

Questions & Answers

Common questions about this position

What are the key responsibilities of the Vice President, Asset Operations role?

The role involves managing cash and asset reconciliations, exception management, people management including coaching and developing staff, contributing to global operations planning, reviewing initiatives, and mitigating operational risks.

Is this a remote position or does it require working in an office?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What kind of team will I be working with in this role?

You'll work as a senior team member in Asset Operations with dedicated professionals, closely collaborating with colleagues in the US and APAC regions, and partnering with technology support and the management team.

What experience or skills make a strong candidate for this VP role?

Strong candidates need knowledge of reconciliation mechanics, managing exceptions, a solid understanding of Corporate Actions and Income, experience in people management, and the ability to identify and mitigate operational risks.

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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