Private Markets Operations - Associate
About this roleAbout 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 improvemen...