Associate, Securities Lending

About this role

Role Summary

Join BlackRock's Securities Lending Operations team and play a critical role in supporting one of the firm's global revenue-generating investment services. This role offers the opportunity to develop expertise across securities lending products, collateral management, operational risk, and trade lifecycle management while partnering with colleagues across Investments, Trading, Product, Technology, and external market participants. You will help ensure lending activity is executed accurately, efficiently, and within a strong control framework that protects client assets and supports operational excellence.

About BlackRock

At BlackRock, our mission is to help more and more people experience financial well-being. Business Operations Services (BOS) is BlackRock's operational engine, providing the scale, control, and infrastructure that enable investment ideas to move efficiently from concept to client outcome. By leveraging technology, data, automation, and operational expertise, BOS supports every stage of the investment lifecycle and helps deliver operational excellence across global markets.

Team Overview

Securities Lending Operations supports the end-to-end lifecycle of BlackRock's global securities lending business. The team is responsible for transaction management, collateral management, inventory optimization, sufficiency monitoring, accounting and billing, reconciliations, counterparty support, and operational risk oversight. The function partners closely with Trading, Portfolio Management, Product, Technology, custodians, lending agents, brokers, and third-party service providers to facilitate lending activity while maintaining strong operational controls and regulatory compliance.

Role Overview

As an Associate within Securities Lending Operations, you will oversee daily operational activities supporting BlackRock's securities lending platform. You will take ownership of complex processes, manage operational exceptions, partner with stakeholders across the organization, and contribute to risk mitigation and continuous improvement initiatives. Success in this role requires strong analytical skills, attention to detail, operational risk awareness, and the ability to drive solutions in a fast-paced environment. The position provides significant exposure to securities lending products, collateral processes, market infrastructure, and operational controls.

Key Responsibilities

You will:

• Oversee daily securities lending operational processes, ensuring transactions are processed accurately and within established control standards.
• Monitor lending activity, collateral movements, inventory balances, and operational exceptions across global markets.
• Investigate and resolve complex breaks, discrepancies, counterparty issues, and reconciliation exceptions.
• Partner with Trading, Portfolio Management, Product, Technology, custodians, lending agents, brokers, and service providers to support business objectives.
• Identify operational risks, escalate issues appropriately, and support remediation efforts to strengthen controls.
• Produce and analyze operational reporting, risk metrics, service-level measures, and management information.
• Contribute to automation, process improvement, and operating model enhancement initiatives that improve efficiency and scalability.
• Support new business initiatives, client opportunities, market expansion efforts, and platform enhancements.
• Maintain accurate documentation, procedures, and governance controls in accordance with regulatory and internal requirements.
• Provide guidance and support to Analysts while contributing to a culture of accountability, collaboration, and continuous improvement.

Required Qualifications

You have:

• Bachelor's degree in Finance, Accounting, Economics, Business, or a related discipline.
• 2-5 years of experience in securities lending, investment operations, asset servicing, custody, capital markets, or a related financial services environment.
• Strong understanding of securities, market infrastructure, trade lifecycle processes, or collateral management concepts.
• Demonstrated analytical and problem-solving skills with strong attention to detail.
• Ability to manage multiple priorities and operate effectively in a fast-paced, risk-controlled environment.
• Strong written and verbal communication skills with the ability to collaborate across teams and regions.
• Advanced proficiency in Microsoft Excel and other Microsoft Office applications.

Preferred Qualifications

It would be helpful if you also have:

• Experience supporting securities lending, collateral operations, investment operations, or post-trade processes.
• Knowledge of operational risk frameworks, reconciliations, exception management, and control environments.
• Experience with data analysis, automation tools, workflow platforms, or process improvement initiatives.
• Familiarity with investment management, asset servicing, or custody operating models.
• Professional certifications such as CFA, CAIA, FRM, or equivalent.

Equal Opportunity, Inclusion & Reasonable Accommodations

BlackRock is proud to be an equal opportunity employer and is committed to creating an inclusive workplace where everyone can thrive. We consider all qualified applicants for employment without regard to race, color, national origin, sex, gender identity, sexual orientation, disability, veteran status, age, religion, or any other characteristic protected by applicable law. BlackRock is also committed to providing reasonable accommodations or adjustments to qualified individuals with disabilities or other special needs throughout the recruitment process and employment. If you need support to apply for a position, participate in the application or interview process, perform essential job functions, or access the benefits and privileges of employment, please let us know how we can assist.

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 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, race, religion, sex, sexual orientation and other protected characteristics at law.