About this role
BlackRock Manager Research - Operational Due Diligence Analyst
BlackRock's Manager Research Operational Due Diligence team is looking for an Analyst to join our team in New York.
Who we are:
BlackRock Manager Research ("BMR") is a global team that drives innovation in selecting the best investment managers across public and private markets. Whether it's hedge funds or mutual funds, private credit or real estate, we help build portfolios that perform - using innovative methods to identify the top players in the industry. BMR is organized into three expert pillars: Investment Due Diligence (IDD), Operational Due Diligence (ODD), and Quantitative Due Diligence (QDD), where we analyze data, trends, and strategies to ensure our clients' investments thrive.
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As part of BlackRock's Multi-Asset Strategies & Solutions (MASS) group, you'll be at the heart of how we approach asset allocation, portfolio construction, and active management. With over $1 trillion in assets under management, MASS is where innovation meets execution in delivering results for BlackRock clients globally.
Your Role:
As an Analyst on our Operational Due Diligence team, you will dive deep into comprehensive operational reviews of underlying investments, assessing personnel, policies, procedures, and the overall control environment of the firm. You'll cover areas such as trading, asset valuation, third-party service providers, counterparty risk, regulatory developments, compliance, fund governance, as well as technology and cybersecurity.
Your responsibilities will include performing assessments on new investment opportunities, ongoing monitoring of existing investments, and meeting with the C-suite and senior leadership of third-party investment managers, leading experts in BlackRock, and industry service providers. This role is perfect for someone who thrives in a dynamic and collaborative environment, possesses strong analytical and organizational skills, and has a passion for continuous development and improvement.
Successful candidates will demonstrate outstanding attention to detail, excellent interpersonal skills, and a relentless drive to excel. If you have intellectual curiosity and a proven ability to work across teams, this is the opportunity for you! Join us and be part of a team that is shaping the future of investment management.
What You'll Do:
- Conduct operational due diligence reviews on existing and prospective investments, including evaluations of internal controls, operational support structure, personnel, trading infrastructure, regulatory environment, compliance program, financing arrangements, cash management procedures, valuation practices, NAV production, service providers, IT and cybersecurity, etc.
- Perform operational assessments and present findings to the Investment Committee.
- Deliver recommendations on best practices to external investment managers and internal partners.
- Coordinate and participate in meetings with C-suite executives (e.g. COO, CFO) and other senior management personnel.
- Contribute to client engagement efforts and ongoing servicing
- Conduct reviews of key industry service providers such as fund administrators, third party valuation agents, compliance and IT consultants, prime brokers, etc.
- Assist with legal fund documentation review and negotiations.
- Build a comprehensive understanding of investment strategies and asset classes through independent research, engagement in the industry and across the Firm.
- Drive initiatives and projects focused on process enhancement and emergent industry trends
What You Offer:
- 1-2 years of experience
- Bachelors Degree in Finance, Economics, Mathematics, Engineering, or something similar
- CFA or CPA preferred
- Strong communication skills
- Sense of urgency, a hands-on approach
- Ability to balance the big picture with the details
- Ability to form meaningful connections inside and outside the organization
- Proficient in Python, R, SQL, etc.
- Willingness to travel
#EarlyCareers
For New York City only: The salary range for this position is $0 - $0. 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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.