BlackRock India | Analyst/Associate – Middle Office Operations (Public Credit)

Responsibilities

• HPS was established in 2007 as a unit of Highbridge Capital Management, LLC (HCM), a subsidiary of JPMorgan Asset Management (JPMAM).
• Scott Kapnick, Scot French and Michael Patterson joined Black Rock’s Global Executive Committee, and Scott Kapnick was appointed as an observer to the Black Rock Board.
• The Middle Office team (MO) within Private Financing Solutions (PFS), Black Rock’s private credit platform, is responsible for ensuring that fund positions and cash balances are accurate and for managing the lifecycle of all trades and investments.
• The team also handles ad hoc requests from deal teams and separately managed account clients and works closely with Deal Execution, Treasury, Fund Accounting, Fund Finance, Cash Management, Portfolio Analytics, Data Analytics, Valuations and Deal Teams.
• The individual should be highly organized, with strong attention to detail and effective written and verbal communication skills.
• Research and resolve cash breaks versus custodians.
• Research and resolve position breaks versus custodians, clients, administrators and other systems.
• Perform cash and asset reconciliations between internal systems, including Aladdin, and custodians.
• Provide daily oversight of loan and security administration in the firm’s accounting system, including delayed fundings, contracts, coupon payments, factor payments and maturities.
• Investigate transactional or accrual discrepancies.
• Provide full trade-lifecycle operational support for products including fixed- and floating-rate bonds, private placements, ABS, cross-currency swaps, term loans, delayed-draw term loans and revolvers.
• Contribute to the design and implementation of onboarding processes for new investments, including trade lifecycle, cash management, valuation, PnL recognition and reconciliation.
• Work closely with custodians, including responding to questions on how to apply cash.
• Assist with position confirmation and provide support to internal and SMA auditors.
• Interact daily with internal and external groups to troubleshoot booking and position discrepancies, including Front Office, Fund Accounting, Fund Administrators, SMA clients and auditors.
• Collaborate with technology teams on automation and workflow enhancements and execute User Acceptance Testing (UAT), including scenario testing and error resolution before production release.
• Liaise with accounting, product control, valuations, investment data and other internal groups to resolve open queries and support team objectives.
• Participate in cross-functional initiatives and group-level projects.
• Manage transactional data for alternative products by sourcing information from legal documents and third-party notices and entering it into internal systems.
• Ensure relevant controls are in place and diligently followed to maintain a risk-controlled environment.
• Provide oversight of daily and ad hoc processes and assist with issues, escalations and complex 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.
• Following the transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022.
• Assist in trade execution.

Requirements

• 2+ years of experience in middle office/operations, data management, accounting or administration, with a focus on alternative investment funds.
• Deep understanding of alternative investment products, including hedge funds, structured products and private equity.
• Knowledge of trading and settlement.
• Understanding of lifecycle events, including coupons, factors, amendments, tenders and maturity.
• Strong Excel and Outlook management skills.
• Ability to resolve complex issues efficiently and independently by applying knowledge from training and past experience.
• Curiosity and a strong desire to learn and build knowledge continuously.
• Ability to use lookups, pivot tables and extensive formulas and to build them from scratch.
• Ability to manage a high volume of email without missing important items, respond promptly and escalate when necessary.
• Master's degree in Finance or Accounting or relevant field.
• Experience with cash and position reconciliation.

BlackRock

BlackRock is a global investment management firm founded in 1988. It is known for its iShares exchange-traded funds and its Aladdin investment and risk-management platform.

BlackRock's Indian offices support investment, operations, finance and technology teams worldwide. Typical finance roles are fund accounting, cash management, reconciliations, financial reporting and controls.

• Industry: Investment management
• Headquarters: New York, USA
• In India: Offices in Gurugram and Mumbai