External Provider Oversight, Associate at BlackRock

Edinburgh, Scotland, United Kingdom

Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial ServicesIndustries

Minimum 2-5 years of professional experience
Familiarity with financial control processes and data analysis in Excel
Microsoft Office experience, including strong Excel knowledge
Attention to detail, strong analytical skills, and ability to prioritize critical business issues
Strong organizational, planning, and time management skills, including ability to function in a fast-paced environment
Effective collaboration skills and experience working cross-functionally
Intellectual curiosity, desire to take initiative, and deliver results
Ability to report progress to manager and raise obstacles
Prior asset management or audit experience useful but not required
Professional qualification beneficial

Oversight of third-party transfer agents' setup of retrocession agreements and fee terms in line with BlackRock instructions and SLAs
Review retrocession calculations for accuracy by adherence to standard methodology and provide assessment commentary for outliers to mitigate risk
Ensure payments adhere to BlackRock policy and are approved in a timely manner
Process various non-standard manual adjustments, invoice payments, and ad-hoc payments
Ensure retrocession payments are processed in accordance with CASS client money regulations
Co-ordinate with internal partners and external transfer agents to incorporate new share classes or fee changes into retro terms
Assist in providing required documentation and query responses for internal, external, and SOX audits
Assist with reporting key performance indicators, key risk indicators, and reporting for senior management
Provide feedback and suggestions for continuous improvement
Assist in driving forward internal team initiatives and projects through utilizing technology and automation
Report on progress to the manager, raising any obstacles
Look for opportunities to improve business processes and technology tools, with a lens on risk management and mitigation
Engage and maintain relationships with key partners in Tech Ops and across the firm
Provide exceptional client service through quick and complete responses to internal/external clients

Excel

data analysis

financial control processes

retrocession payments

transfer agent oversight

SLA management

fee calculations

BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries