Vice President, Cash Recon

About this role

The Outsourced Platform Services Cash Reconciliations team is responsible for delivering a robust reconciliation operating model that safeguards the integrity of BlackRock’s investment data across critical processes, including investment management, analytics, compliance, and regulatory reporting. The team oversees reconciliation across a broad range of asset classes, including equities, fixed income, derivatives, collateral, and related cash activity, partnering closely with internal teams, external service providers, custodians, and clients to ensure timely resolution of exceptions and a strong control environment. This Vice President role is a senior leadership position accountable for driving operational excellence, strengthening risk and governance frameworks, leading strategic transformation initiatives, and developing a high-performing team in support of scalable, resilient service delivery.

Primary Responsibilities Include

• Lead the end-to-end operating model for OPS Cash Reconciliations, ensuring accurate, timely, and controlled reconciliation of positions, cash, and related activity across portfolios, platforms, and counterparties.

• Own the risk and control framework for the function, including escalation management, exception governance, root cause analysis, remediation oversight, and continuous strengthening of the control environment.

• Drive strategic initiatives to improve scalability, automation, data quality, and operational resilience, reducing manual dependency and enhancing service delivery across a growing and complex business.

• Partner with internal stakeholders, external administrators, custodians, and service providers to resolve complex issues, influence outcomes, and ensure alignment on priorities, controls, and client commitments.

• Provide leadership in governance forums by communicating material risks, service issues, performance trends, and key decisions clearly and promptly to senior management and relevant partners.

• Oversee delivery against service level expectations and business priorities, ensuring issues are identified early, appropriately prioritized, and resolved in a timely and sustainable manner.

• Lead organizational development for the team through coaching, performance management, succession planning, and talent development, building strong leadership depth and a high-performance culture.

• Assess capacity, operating model design, and resource allocation to ensure the function is positioned to support business growth, platform change, and evolving client and regulatory demands.

• Champion process standardization, documentation quality, and best practices across the team to improve consistency, transparency, audit readiness, and knowledge transfer.

• Use data, trend analysis, and operational metrics to identify emerging risks, inform decisions, and drive measurable improvements in accuracy, efficiency, and client experience.

Skills Required

• The ability to prioritize and balance multiple requests without losing sight of our overall objectives
• You possess strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when vital
• You can multi-task and perform in a high performance, high demand environment!
• You take the initiative to follow up on issues – identify what needs to be done and act
• Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and evolving team
• You are organized and detail oriented with strong time management skills
• Ability to work in a multifaceted and team oriented environment and quickly adapt to a constantly evolving business
• Contributor to the leadership team ensuring appropriate staffing model, depth charts and succession plans are assessed across the location
• Do you have the social skills to effectively articulate solutions to internal and external partners?
• Capability to assist in creating a team vision, planning and executing steps to ensure a consistently robust team
• Thrive in a team environment and build strong relationships with colleagues and external contacts such as custodians, counterparties and other third-party providers
• You have strong knowledge of equity and fixed income securities and derivative products
• You are proficient in Microsoft Office and have an aptitude for learning new applications!

Preferred:

• Understanding upstream processes is impactful to reconciliation and develop ability to correlate the effect of change
• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and constantly evolving environment while maintaining the highest standard and attention to detail
• 10+ years of investment / fund accounting / Reconciliation work experience or equivalent, including review experience for at least a portion of that time.
• Strong leadership and management skills and ability to collaborate across many teams.
• Dynamic individual with very strong communication skills, both written (presentations/policies/process documents) and verbal.
• Positive attitude with very strong problem-solving skills.
• Great multi-tasking skills, great project management skills and deadline focused.
• Knowledge of technical and regulatory issues affecting the alternatives investment fund industry, including knowledge of investment company accounting/reporting, US GAAP and IFRS. (Infrastructure/Private Equity/Valuation experience a plus.)
• Standout colleague with excellent interpersonal skills including ability to collaborate with a broad network of colleagues to help resolve issues.
• Excellent verbal and written communication skills – ability to interact and clearly communicate complex concepts to a wide variety of partners

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.

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, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.