SMA Onboarding Analyst
The Onboarding specialist is responsible for the transition of new accounts into BlackRock Private Investors and BlackRock Consults. This requires checking client contracts, securities information and FA information. Accounts must be accurately processed and released for trading within a designated timeframe. The role also includes ongoing maintenance of the existing accounts to reflect client or account level changes. Review and approve client contracts for PI management
Role Responsibility
- Receive new accounts from the FA via Online Enrollment and ensure validity of processed information. This involves taking responsibility for and resolving more complex new account exception items.
- Responsible for conducting group training sessions and maintaining day to day new account procedures.
- Ensure fee schedules and requested discounts are appropriate, social concerns and client restrictions are updated, prior trades have settled and designated securities have been removed from account, assign a portfolio manager and release the account to PM and Billing.
- Effectively communicate across all business groups to resolve issues.
- Able to understand and interpret the differences in the various BlackRock PI and BlackRock Consults products.
- Able to successfully manage time between day to day responsibilities and project involvement.
Experience
- 1-3 years SMA or Wealth Management experience
- Knowledge of the following systems helpful: APL, Charles River, Merrill Lynch Mainframe, Microsoft Office products (Word, Outlook, Excel, Access Internet Explorer)
- Good communications skills.
- Must be a team player.
- Must have a general knowledge of business operations.
- Good research and analytical skills are necessary. Detail oriented.
- Willing to work overtime and weekends when required.
- Undergraduate college degree.
BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer--M/F/D/V.
BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions -- from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
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