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 Management, Insurance AccountingIndustries

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 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 preferred in Finance, Accounting, Information Technology, or Economics
Understand upstream processes impactful to reconciliation and ability to correlate the effect of change
Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects in a dynamic, demanding environment while maintaining high standards 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, addressing inquiries, performing controls, resolving problems, and mitigating risks for clients and internal BlackRock partners
Preparing and/or reviewing reconciliations between BlackRock, Asset Manager, and Custodian Bank, including 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

Reconciliations

Cash Reconciliation

Position Reconciliation

Break Resolution

Client Service

Risk Mitigation

Control Reports

Data Maintenance

Excel

Multi-tasking

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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