Associate, Trade Clearance/Settlement at BlackRock

Gurugram, Haryana, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Willingness to learn the client & investment lifecycle
Willingness to learn equity, fixed income, foreign exchange & other cash, security & derivative based instruments & market practice for confirmation & settlement
Possess a positive ‘can do’ attitude and methodical yet flexible approach to change whilst taking pride in ownership until completion/resolution
Proactively learn systems and the processes behind the theory of what they are completing and display proficiency in those core systems to efficiently solve problems and queries
Ability to meet strict deadlines, function effectively and prioritise multiple tasks simultaneously in a fast paced environment with excellent attention to detail
Ideally but not a necessity, multiple years of experience in trade settlement and trade confirmation roles across multiple asset classes and trade lifecycles
Ideally but not a necessity, experience in operational roles within a global financial environment
Ideally but not a necessity, experience in regulatory reporting roles

Responsibilities

Monitor the status of BlackRock's MIFID regulatory reporting, ensuring that BlackRock's reporting obligations are timely and accurate
Identify MIFID regulatory reporting rejections and drive the resolution of the rejections with the key internal and external stakeholders
Conduct and complete daily end of day regulatory reporting reconciliations to ensure that BlackRock's reporting obligations are complete
Monitor status of executed trades for various securities, cash & derivative instruments to ensure timely confirmation in line with BlackRock standards
Monitor trade activity to identify unmatched & failing trades & payments and take necessary action to prevent/resolve all failing transactions and minimise settlement risk
Participate and assist in local, regional, and global initiatives, in particular strategic testing initiatives
Escalate all material risk items (such as large fails/confirmation issues) and service issues to your Team Leader on a timely basis
Support the team with any required record keeping, information gathering & reporting
Responsibility for fielding day-to-day queries along with inquiries from internal BlackRock groups, problem solving or directing inquiries where appropriate, while providing high quality client service externally and internally
Liaise with brokers and custodian banks to resolve issues
Support colleagues in a regional and globalised team environment
Assist in the generation and distribution of statistics relating to trade volume, confirmation & fail activity
Provide constructive and insightful feedback in relation to counterparty performance for regular reviews

Skills

Key technologies and capabilities for this role

Trade ConfirmationSettlementMIFID ReportingRegulatory ReportingTrade ReconciliationDerivativesTransaction ManagementOperational RiskCustodian Banks

Questions & Answers

Common questions about this position

What is the employment type for this role?

This is a full-time position.

Is this role remote or office-based, and where is it located?

This information is not specified in the job description.

What key skills are required for the Associate, Trade Clearance/Settlement role?

Key skills include monitoring trade status and regulatory reporting, resolving unmatched trades and rejections, attention to detail, ability to meet strict deadlines, prioritize tasks in a fast-paced environment, and effective communication with stakeholders.

What is the team structure and culture like at BlackRock for this role?

Successful applicants will join the Global Transaction Management team based in Edinburgh, providing support to other locations, emphasizing collaboration with team members, internal clients, counterparties, and providers in a regional and globalized environment.

What makes a strong candidate for this position?

Strong candidates can monitor and resolve trade settlement issues, handle regulatory reporting accurately, escalate risks timely, liaise effectively with stakeholders, and thrive in a fast-paced global team while prioritizing tasks and providing high-quality client service.

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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