Operational Risk Manager Jobs in Cream Ridge, NJ

About this role

YOUR TEAM

BlackRock's Outsourced Platform Services (OPS) provides global middle- and back-office support for BlackRock Solutions' outsourcing business, delivering operational services across trade support, transaction servicing, collateral management, data governance, payments, corporate actions, reconciliations, alternative operations, and investment accounting. Within Global Client Alternative Services (GCAS), a specialized team within OPS, professionals support alternative and private markets investment activity, help ensure the accuracy of cash and position data, and provide outsourcing solutions for clients investing in alternative asset classes. The team partners globally to drive strategic initiatives, manage operational risk, and deliver high-quality service to clients while supporting the integrity of portfolio and transaction data.

YOUR ROLE AND IMPACT

As an Associate within GCAS, you will support complex private markets and alternative investment operations while contributing to the accuracy, integrity, and efficiency of investment operations. You will work closely with internal and external stakeholders to facilitate transaction activity, resolve operational exceptions, and support scalable solutions that enhance client outcomes and risk management practices. This role offers an opportunity to combine private markets expertise, analytical problem-solving, and operational innovation within a collaborative, client-focused environment.

YOUR RESPONSIBILITIES

In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and embrace the curiosity to explore new approaches and technologies while challenging outcomes. The scope of this role also includes the following responsibilities:

• Apply expertise in loans and private markets, including project finance, structured credit, real assets, and syndicated loans, to engage effectively with stakeholders, agents, borrowers, counterparties, and clients.

• Interpret and analyze complex legal documentation, translating key provisions into actionable operational insights.

• Facilitate settlement activity across a diverse range of instruments, including syndications, secondary trades, collateralized loan obligations (CLOs), restructurings, private markets, infrastructure debt, renewable power, real estate debt, and trade claims.

• Collaborate with internal and external stakeholders and leverage loan systems expertise to maintain the accuracy and integrity of the Investment Book of Record (IBOR).

• Maintain deep knowledge of portfolios and transaction documentation while proactively investigating and resolving cash, position, and transaction exceptions to support risk management and operational integrity.

• Drive process automation, control enhancements, and operational improvement initiatives while managing multiple priorities and projects in a dynamic environment.

YOUR EXPERIENCE

• 3-6 years of experience in loan operations or similar expertise in settlements, reconciliations, and documentation-driven transactions.

• Strong understanding of private credit, real assets, project finance, and alternative investment products.

• Exceptional communication and client service skills, with the ability to foster strong relationships across stakeholders.

• Comprehensive understanding of banking and investment management, including experience in alternatives such as private credit, bank loans, credit strategies, registered funds, financial institutions, and a diverse range of investor types.

• Proven ability to perform effectively under pressure in high-volume, high-risk environments while maintaining exceptional attention to detail and accuracy.

• Strong capability to prioritize competing demands, exercise sound judgment, and make informed decisions while managing multiple requests and deadlines.

• Advanced proficiency in Microsoft Excel and related applications; familiarity with loan-focused systems is advantageous. Strong analytical and organizational skills are essential.

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 guidanceon 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 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 theEEOC's Know Your Rights poster and its supplementand thepay 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 Disability.Assistance@blackrock.com. All requests are treated in line with ourprivacy policy.