Global Alternatives Transaction Services - Vice President

Join BlackRock, the world's largest asset manager, in the Global Alternatives Transactions Services (GATS) group within Business Operations. This Vice President role supports private asset settlements and lifecycle activities, manages BlackRock’s investment book of record (IBOR) for alternatives, and makes this data available to downstream consumers. The team's alternative investment capabilities are integrated into BlackRock, leveraging firm resources in risk management, product development, client service, and operational support to empower millions of investors.

Must Have

• Lead the settlement process for private assets and loans (funding and documentation matters).
• Support ongoing lifecycle activities to maintain BlackRock’s investment book of record (IBOR).
• Interact with Portfolio Management, NAV Oversight, Client Servicing/Reporting, Legal, and Tax teams.
• Support the onboarding of new alternative mandates.
• Understand applicable portfolios and deal-related documentation to ensure controls and adherence to guidelines.
• Identify risk areas and implement or improve risk-mitigating controls.
• Collaborate with Administrative Agents, Borrowers, and Legal regarding KYC documentation.
• Understand the maintenance and distribution of loan documentation.
• Research and resolve discrepancies regarding cash and position breaks.
• 7+ years’ experience in consulting, portfolio management, operations, fund accounting or related areas with a heavy focus on private funds and private markets investments.
• Demonstrate product and functional knowledge of the alternative investments industry, with a focus on private credit.
• Excellent communication and client service skills.
• Proficient in a high-pace environment with large volume and high-risk transactions with a low tolerance for error.
• Works independently or in a team environment and actively seek additional responsibilities.
• Outstanding academic achievement, broad based work experience, and demonstrated leadership experience.

Good to Have

• Bachelor’s degree in Finance, Information Systems or Accounting.
• Familiarity with the investment management industry (experience with credit strategies, private and registered funds, separate accounts and various types of investors).
• Knowledge of vendor systems including Solvas, Digitize, Geneva, Wall Street Office, and Clear Par.
• Initiative and willingness to contribute beyond the scope of one's role to achieve team and firm objectives.

Perks & Benefits

• Retirement investment and tools designed to help in building a sound financial future
• Access to education reimbursement
• Comprehensive resources to support physical health and emotional well-being
• Family support programs
• Flexible Time Off (FTO)
• Hybrid work model (at least 4 days in office per week, with flexibility to work from home 1 day a week)

About this role

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 single day and be recognized for your contribution. With over USD $13 trillion of assets we have an outstanding 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 Alternatives Transactions (“GATS”) group within Business Operations. The team’s core focus is to:

• Support private asset settlements and lifecycle activities
• Manage BlackRock’s investment book of record (“IBOR”) as it relates to our alternatives platform and make this data available to downstream consumers

Our alternative investment capabilities are fully integrated, enabling investment teams to leverage the firm’s considerable resources in risk management, product development, client service, and operational support.

Role Responsibility

• Demonstrate product and functional knowledge of the alternative investments industry, with a focus on private credit, to effectively communicate with the business and trading counterparties.
• Help lead the settlement process for private assets and loans—including funding and documentation matters—and support ongoing lifecycle activities 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 private credit and other 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.
• Gain 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 Administrative Agents, Borrowers, and Legal regarding KYC documentation, including administrative details, tax, and fund formation documents.
• Understand the maintenance and distribution of loan documentation, including private and public amendments, restructures, and voting requirements for settled and trade date positions.
• Research and resolve any discrepancies regarding cash and position breaks.

Experience

• Preferably 7+ years’ experience in consulting, portfolio management, operations, fund accounting or related areas with a heavy focus on private funds and private markets investments.
• Bachelor’s degree: Finance, Information Systems or Accounting preferred.
• Familiarity with the investment management industry (experience with credit strategies, private and registered funds, separate accounts and various types of investors preferred).
• Excellent communication and client service skills.
• Proficient in a high pace environment with large volume and high-risk transactions with a low tolerance for error.
• Works independently or in a team environment and actively seek additional responsibilities.
• Outstanding academic achievement, broad based work experience, and demonstrated leadership experience.
• Preferred knowledge of vendor systems including, but not limited to, Solvas, Digitize, Geneva, Wall Street Office and Clear Par.
• 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.

About Us

BlackRock's purpose is to help more and more people experience financial well-being. As a global investment manager and a leading provider of financial technology, our clients—from grandparents, doctors, and teachers to large institutions—turn to us for the solutions they need when planning for their most important goals. People join our firm from around the world to gain real-world experience while making an impact. Discover how you can have a career that's exciting, rewarding and full of possibilities.