Analyst, Reconciliations/Investigations at BlackRock

Mumbai, Maharashtra, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Ability to prioritize and balance multiple requests without losing sight of overall objectives and deadlines
Strong decision-making skills to make well-thought-out decisions based on provided information and obtain further assistance/clarification when necessary
Ability to multi-task and perform in a high performance, high demand environment
Take initiative to follow up on issues – identify what needs to be done and act
Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and evolving team
Organized and detail oriented with strong time management skills
Ability to work in an ambitious, team oriented environment and quickly adapt to an ever-changing business
Strong knowledge of equity and fixed income securities and derivative products
Proficient in Microsoft Office and aptitude for learning new applications
Four-year degree required in Finance, Accounting, Information Technology, or Economics (preferred)
Understand upstream processes impactful to reconciliation and develop ability to correlate the effect of change
Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and ever-changing environment while maintaining the highest standard and attention to detail

Responsibilities

Completing day to day assigned tasks, including control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity
Providing high quality client service externally and internally; address inquiries, perform controls, resolve problems, and mitigate risks for clients and internal BlackRock partners
Preparing and/or reviewing reconciliations between BlackRock, Asset Manager, and Custodian Bank; includes researching differences and resolving them in a timely and accurate manner
Performing ongoing maintenance of existing accounts to reflect client or account level changes
Working with external service providers, internal team members, and other BlackRock groups to resolve issues as identified
Assisting in special projects and initiatives to improve the service offering

Skills

Key technologies and capabilities for this role

ReconciliationsCash ReconciliationPosition ReconciliationBreak ResolutionClient ServiceData MaintenanceControl ReportsFinancial ReportingRisk MitigationMultitaskingDecision Making

Questions & Answers

Common questions about this position

What is the employment type for this Analyst role?

The position is full-time employment.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What key skills are required for the Reconciliation Analyst role?

Required skills include the ability to prioritize and balance multiple requests, strong decision-making, multi-tasking in a high-performance environment, initiative to follow up on issues, organization and detail orientation, knowledge of equity/fixed income securities and derivatives, and proficiency in Microsoft Office.

What is the work environment like at BlackRock for this role?

The role involves working in an ambitious, team-oriented environment that is fast-paced, high-demand, and ever-changing.

What makes a strong candidate for this position?

Strong candidates have a four-year degree in Finance, Accounting, Information Technology, or Economics (preferred), plus skills in multi-tasking, decision-making, organization, securities knowledge, and adaptability in a dynamic environment.

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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