Associate, Cash and Asset Reconciliation

3 weeks ago

Mumbai Maharashtra, India BlackRock Full time

Description

About this role

About the Team

Technology & Operations (T&O) is responsible for the firm's worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third-party provider networks. Global Investment Operations (GIO), a function within T&O, is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. Professionals hired into this role will become intimate with all operational flows and operational processes, including architecting operational solutions, and managing relationships with portfolio managers and traders, our end clients, brokers, custodian banks, fund accountants, administrators and more.

The Asset Operations team is a control function within GIO. The team is responsible for the completeness and accuracy of position records in Aladdin to facilitate trading, accounting, client servicing and other business functions. These goals are accomplished by performing a range of position oversight activities, including reconciliations, and partnering with custodians, transfer agents, prime brokers, and other providers to achieve alignment.

What You Will Do
- Be a risk manager: identify risk items and raise with management and stakeholders.
- Ensure reconciliations are completed timely and troubleshoot any discrepancies.
- Take ownership of exceptions from start to finish by investigating exception root causes, partnering with internal/external teams to take corrective actions, and following through until resolution is achieved.
- Understand upstream functions that impact position records and identify trends in exception causes and partner to mitigate breaks occurrence.
- Foster a control-focused culture by meeting standards in output through adherence to daily controls.
- Lead in meetings within the team and externally to communicate, expedite and prioritize exception resolution.
- Contribute to various improvement initiatives, including software and business process changes to improve automation.
- Participate in projects and contribute to improvement initiatives, including software and process changes.

What You Will Need
- Bachelor’s degree, preferably with a specialisation in Accounting, Finance, Business, Economics or similar field
- 5+ years of experience in asset operations (asset recon, troubleshoot discrepancies, asset position exceptions etc)
- Possesses strong data analytical skills with attention to details.
- Applies strong critical thinking for problem solving.
- Communicate effectively by simplifying complex themes and tailoring messaging to your audience.
- Collaborate in a team environment with an execution attitude.
- Build constructive relationships with internal and external partners to achieve goals.
- Multiple-task and manage time effectively to deliver in a fast paced, rapidly changing environment.
- Basic software development and data analytics skills (VBA, SQL, Python, Tableau, Power BI) are preferred.
- Operations knowledge in other business divisions will be an added advantage.

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.

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