Trade Clearance/Settlement, Associate at BlackRock

Mumbai, Maharashtra, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset Management, Private Equity, Private Credit, Real Estate, Hedge FundsIndustries

Requirements

Bachelor’s degree in Accounting or Finance preferred
5–7 years in operations, data management, accounting, or administration, with a focus on alternative investment funds
Strong written and verbal communication
Attention to detail
Analytical and problem-solving capabilities
Deep understanding of alternative investment products (hedge funds, structured products, private equity)
Leadership and team collaboration
Proficiency in Excel

Responsibilities

Manage transactional data for alternative products by sourcing from legal documents and third-party notices, and inputting into internal systems
Act as a Point of Contact for all external investment managers with regards to life cycle of our deals
Contribute to the design and implementation of onboarding processes for new investments, including trade lifecycle, cash management, valuation, PnL recognition, and reconciliation
Assist in trade execution and authorize cash payments to external fund managers
Perform cash and asset reconciliations between internal systems (e.g., Aladdin) and custodians
Ensure relevant controls are in place and are being diligently adhered to by the team members to operate in a risk-controlled environment
Provide requisite oversight on daily and Adhoc process and assist the team in dealing with issues, escalations and complicated scenarios
Collaborate with external service providers and internal teams to exchange product and asset data and resolve operational issues
Maintain and regularly update process documentation and control frameworks
Engage in cross-functional initiatives and group-level projects

Skills

Key technologies and capabilities for this role

Trade CaptureSettlementReconciliationAladdinCash ManagementTrade LifecycleValuationPnL RecognitionRisk ManagementProcess Documentation

Questions & Answers

Common questions about this position

What benefits does BlackRock offer for this role?

BlackRock offers a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO).

What is the work arrangement or location policy at BlackRock?

BlackRock follows a hybrid work model designed to enable collaboration and apprenticeship while supporting flexibility. The team is based in Mumbai.

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

Required skills include strong written and verbal communication, attention to detail, analytical and problem-solving capabilities, deep understanding of alternative investment products, leadership and team collaboration, and proficiency in Excel.

What is the team structure and culture like at BlackRock's GATS team?

The Global Alternatives Transactions Services (GATS) team in Mumbai provides end-to-end middle office support for alternative investments and emphasizes an integrated approach leveraging risk management, operational excellence, collaboration with external providers, and a risk-controlled environment.

What experience makes a strong candidate for this position?

Candidates with a Bachelor’s degree in Accounting or Finance and 5–7 years in operations, data management, accounting, or administration focused on alternative investment funds will stand out.

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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