Associate, Fund Services - Canada

About this role

Overview

Are you searching for a rewarding, exciting, dynamic opportunity with the world's largest asset manager? Look no further! At BlackRock, we are seeking a hard-working professional to join our Wilmington based Global Financial Reporting team supporting our wide fund ranges as we continue to expand our iShares ETFs, Alternative products, and other Americas based fund ranges.

We will embrace your rare skills, eagerness, and passion while giving you freedom to grow professionally and as an individual. We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $11 trillion of assets under management 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. Join and experience what it feels like to work in an organization that makes a difference.

Team Overview

Americas (AMRS) Product Governance and Reporting (PGR)

AMRS PGR is a unit within Global Accounting & Product Services (GAAPS). Members of the AMRS PGR team are responsible for the overall control environment of over 2,000+ funds with an AUM of US$ 5+ trillion.

PGR members will connect across GAAPS and Business Operations to manage regulatory changes and lead product implementations within our fund ranges. AMRS PGR works closely with several other internal teams to deliver quality and value to our shareholders including but not limited to teams responsible for accounting oversight, financial reporting, product development, client order management, transfer agency, portfolio management, trading, securities lending, capital markets, pricing, tax, and legal and compliance.

The suite of funds include:

• US and CAD Index and active exchange-traded funds

• CAD Institutional Pooled Funds

• US Common Trust Funds

• US Mutual Funds, open-end and closed-end

Roles & Responsibilities

The Product Oversight Team within PGR has a key position available in Toronto for a motivated and talented member who is pro-active and flexible, can demonstrate initiative with a drive to succeed both as an individual and as a strong team player. The successful individual will be able to demonstrate a commitment to technical excellence, innovation, flexibility, and the ability to effectively manage multiple initiatives simultaneously and meet key deadlines. Excellent communications skills are also required to influence and develop strong collaborative working relationships with key internal and external stakeholders.

Responsibilities of this role will include:

• Product lifecycle management for launches, liquidations, mergers, and other structural changes.

• Management of periodic fund distributions, working closely with product development and tax teams.

• Partner with key internal stakeholders to improve the execution related to product development, portfolio management, trade operations, client order management, transfer agency and NAV oversight.

• Complete due diligence program on non-Canadian trade lifecycle functions, from portfolio management to reconciliation.

• Review and challenge policies and procedures to help evolve the operating model to best practice with a focus on automation and technology.

• Lead operating risk escalation and cross functional resolutions.

• Contribute towards and prepare presentations to BlackRock governance bodies (e.g., Independent Review Committees, Canada Management Board).

• Expense management for selected funds.

• Build partnerships with external ecosystem by interacting with custodians, fund accountants, auditors and stock exchanges.

Requirements

• 3 – 5+ years of fund administration experience.

• Strong knowledge in fund accounting, custody, investment process, security valuation, and fund expenses is necessary.

• Strong understanding of IFRS, securities regulation surrounding investment funds.

• Understanding of US GAAP, SEC regulations a plus.

• Familiarity with CAD tax and fund distribution requirements.

• Project management experience for regulatory and business change.

• Experience in external service provider oversight and control environment assessment.

• Solid prioritization skills and ability to handle contending priorities.

• Consistent record in implementing change management.

• Strong verbal and written communication capabilities with all levels

• Initiative, drive, and passion.

• Excellent attention to detail and passion for performance

• Undergraduate degree in business, accounting or finance.

• CPA, CFA a plus

For Toronto, Canada Only the salary range for this position is CAD$74,000.00 - CAD$105,000.00 . 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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.