Private Markets Operations

About this role

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance. We know you want to feel valued every day and recognized for your contributions. At BlackRock, we strive to empower our employees and actively engage them in our success. With over USD $14 trillion in assets, we have an extraordinary 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

This team is part of the Global Transaction Services team within Business Operations. The core focus of the team is to: (1) support private asset settlements and lifecycle activity, (2) manage BlackRock’s investment book of record (“IBOR”) related to our alternatives platform, and (3) make this data available to downstream stakeholders. Our alternative investment capabilities are fully integrated into BlackRock, allowing investment teams to capitalize on the firm’s considerable resources in areas such as risk management, product development, client service, and operational support.

Role Responsibilities

• Demonstrate product and functional knowledge of the alternative investments industry to communicate effectively with the business and trading counterparties.

• Help lead the settlement process for private assets, fund of funds, and loans (including funding and documentation matters), and support ongoing lifecycle activity to maintain BlackRock’s investment book of record (“IBOR”).

• Interact with Portfolio Management, NAV Oversight, Client Servicing/Reporting, Legal, and Tax teams as needed to develop and enhance operating models for alternative asset strategies.

• Support the onboarding of new alternative mandates, including informing and implementing processes for investment/trade lifecycle management, cash management, reporting, and reconciliation.

• Develop an understanding of all applicable portfolios and deal-related documentation to ensure controls and adherence to guidelines. Identify risk areas and implement or improve risk-mitigating controls.

• Collaborate closely with external Administrative Agents, third party fund managers, and external counsel regarding transaction and trading activity, including AML/KYC-related items.

• Research and resolve discrepancies related to cash and position breaks.

• Understand the maintenance and distribution of loan documentation, including private and public amendments, restructurings, and voting requirements for settled and trade-date positions.

Experience

• Preferably 3+ years of experience in consulting, portfolio management, fund operations, fund accounting, fund audit, or related areas, with a strong focus on private funds and private markets investments.
• ·         Proven track record of leveraging technology and data-driven solutions to drive process improvements, with demonstrated experience applying AI and automation to enhance efficiency and scalability.
• Bachelor’s degree in Finance, Accounting, or Information Systems preferred.
• Familiarity with the investment management industry; experience with private and/or hedge funds and various types of investors is preferred.
• Excellent communication and client service skills.
• Ability to perform effectively in a high-paced environment involving a large volume of high-risk transactions with a low tolerance for error.
• Ability to work independently and in a team environment, while actively seeking additional responsibilities.
• Outstanding academic achievement, broad-based work experience, and demonstrated leadership experience.
• Prior experience at an investment management company, fund administrator, or Big 4 firm preferred.
• Above all, the initiative and willingness to contribute beyond the scope of one’s role to achieve team and firm objectives.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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.

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Guidance on AI use for candidates**

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.