Cash & Asset Reconciliation, Tech & Ops, Associate at BlackRock

Gurugram, Haryana, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial ServicesIndustries

Requirements

Ability to prioritize and balance multiple requests without losing sight of overall objectives
Strong decision-making skills to make well-thought-out decisions based on provided information and obtain further assistance/clarification when vital
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 take action
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 a multifaceted and team oriented environment and quickly adapt to a constantly evolving business
Contributor to the leadership team ensuring appropriate staffing model, depth charts, and succession plans are assessed across the location
Social skills to effectively articulate solutions to internal and external partners
Capability to assist in creating a team vision, planning, and executing steps to ensure a consistently robust team
Thrive in a team environment and build strong relationships with colleagues and external contacts such as custodians, counterparties, and other third-party providers
Strong knowledge of equity and fixed income securities and derivative products

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 by 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
Developing strong internal and external relationships with a focus on partnership and client service
Constantly evaluating processes and procedures for inefficiencies and making recommendations for improvement; acting as a change-management agent to improve quality control environment and develop standard methodologies
Raising all material risk items and service issues on a timely basis
Coaching and mentoring team members to encourage high individual performance and service standards
Demonstrating ability to self-improve and develop; understanding the impact of cash on upstream and downstream partners
Actively handling risk and exposure by ensuring the investment book of record is reconciled with custodian, manager, client, and/or prime record holders daily; understanding mechanics of reconciliation process, exception management, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, and assisting management in leading processes

Skills

Reconciliation

Cash Reconciliation

Position Reconciliation

Break Resolution

Exception Management

Data Analysis

Troubleshooting

Financial Controls

Client Servicing

Derivatives

Equities

Fixed Income

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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