Payments & Claims, Analyst

About this role

Overview:

Technology & Operations(T&O) is responsible for the firm's worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third-party provider networks. Global Investment Operations (GIO), function within T&O, is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. GIO spans Trading & Market Documentation, Transaction Management, Collateral Management & Payments, Asset Servicing including Corporate Actions and Cash & Asset Operations, and Securities Lending Operations. GIO provides operational service to BlackRock's Portfolio Managers and Traders globally to ensure we provide better service to our end clients.

Transaction Management Team is responsible for the affirmation, confirmation and settlement of transactions with counterparties and custodians. General functions include the research and resolution of exceptions and DK’s, communication of trade details and allocations to counterparties, custodians and fund accountants, and processing of TBA allocations. Day to day management of broker/dealer and custody relationships is a key focus as well as fostering globally consistent trade confirmation and processing, enhancing operational control and reporting, eliminating risk and servicing internal and external constituents to re-affirm expectations and deliver superior client service.

Key Responsibilities:

• Work on settlement of Market claims resulting due to failing Equity & Fixed DVP trades in the market with the counterparties.

• Work with Custodians to identify the Market claim accrued on the back of failing trade is valid by investigating the event/trade details and work towards resolution.

• Investigate the open exceptions related to Market claims are valid by checking on the trade details and validating with custodian where Brokers do not recognize the Market claims.

• Manage Broker and Custody relationship, weekly calls to monitor the progress and the outstanding exposure

• The role involves working with several internal teams - Settlements, Corporate Actions, Cash Reconciliation, PMG etc.

• Demonstrate a comprehensive understanding of daily activities and their impact towards the KRI volumes and what criteria determines to be of high risk. Be able to articulate the impact on KRI and contribute strategic initiatives in reduction in the number of open items.

• Document and provide feedback for Broker/ Custodian reviews, push custodians for better service and providing good quality data. Timely escalation to the management for issues that need immediate attention or focus to resolution on concerning issues.

• Adhere to procedures accurately resulting in appropriate investigation and settlement of outstanding Market claims including timely follow-ups with brokers and custodians ensuring resolution.

• Involvement in testing enhancements being made to existing applications, providing inputs to Technology teams to refine workflow

Skills Required:

• Strong 1+ experience preferably in global Investment Management and Investment Banking firms-BS/MBA in business, finance or related field-Previous experience of working in a global organization preferred

• Understanding of financial markets and related instruments - (Equities, Fixed Income, FX Derivatives, Exchange Traded Futures, SWAPS, Collaterals)-A strong emphasis on time management in addition to being well organized and detail –oriented-Team player with attention to details, problem solving abilities, and analytical skills

• Strong, effective analytical and problem-solving skills

• Ability to multi-task and balance requests without losing sight of overall objectives and deadlines. The ability to perform effectively in an environment of rapid and continual change

• Ability to work in a team environment and build strong relationships with colleagues and external contacts.

• Proficiency in Microsoft Office and an aptitude for learning new applications. The ability to perform effectively in an environment of rapid and continual change.

• Data Analytics skills preferred including exposure to SQL/VBA/ PYTHON and/or understanding of data science methods & implementation.

• Organized approach to ensure follow up on outstanding issues and identify appropriate action to be taken.

• Excellent verbal, written and communication skills including ability to clearly articulate results of financial analyses as wells as issues to senior management and external parties

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.