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SalaryAbout this role
Role Summary
BlackRock Index Services (BIS) is responsible for the design, development, and administration of BlackRock Indices used by internal and external clients. Our success hinges on producing and supporting pristine data and indices that are disseminated timely and accurately to support our clients.
The BIS Index Operations team is responsible for:
- Owning all aspects of daily quality control of data and index delivery for BLK and external clients, including rebalances.
- Ensuring 3rd parties are aligned with SLA’s, including issue escalation management through resolution.
- Creating and maintain Index Operations production procedures and FAQ’s, supporting new hire onboarding/training.
- Reporting to senior management with key insights on data and index offerings.
Role Responsibilities
- Quality-control and publish daily index returns and risk analytics through BlackRock’s proprietary Aladdin platform;
- Ensure high quality data is delivered in a timely manner to our clients for use in investment management decisions;
- Design data quality checks to assess data health and detect deficiencies with our data sources or internal data processes;
- Ensure resilience and stability through quality control reviews, unit, regression and user acceptance testing, and level one production support;
- Investigate and resolve complex issues and perform ad-hoc analysis of large datasets, while meeting tight deadlines for client deliverables. Provide high-quality client service and address inquiries in a timely manner;
- Run data reconciliation and reviews to drive the resolution of issues with internal data owners, external vendors and/or the development of solutions document, and track defects in a clear and concise manner;
- Understand investment analytics across fixed-income, equity, and multi-asset indices to help clients understand and interpret index exposures, and sources of risk and returns. Ability to effectively explain and summarize index behavior and performance, preferred;
- Project manage new indices through coordination with colleagues across engineering, research, and other partner teams.
Experience and Skills
- BS/BA (or equivalent) or higher with preference to business, technology, or engineering focus.
- 3-5 years of experience in asset management or financial services either as an investment/data technology implementation specialist or with direct relevant user, development, service, or operation experiences.
- Relentless desire for understanding how processes work and entrepreneurial aim to learn new skills and technologies.
- Strong attention to details and focus on high quality delivery.
- Familiarity to Aladdin infrastructure tools and process (Security Master, Green Package, Alpha, BondCalc, PMS, Dashboard, Explore, CRA, PRADA, etc.), is preferred.
- Basic SQL and Python experience.
- Shown ability to work well independently or as part of a team in an innovative, ambitious, and fast-paced environment, run multiple tasks, adapt to change, and work well under tight time restraints.
- A reputation as a good communicator and the ability to distill sophisticated concepts and information.
- Experience with financial market indices and concepts.
For California only the salary range for this position is $132,500 – $157,500. 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.
