BlackRock India | Associate, Reconciliations

Responsibilities

• The Outsourced Platform Services Asset Reconciliations team is responsible for delivering a robust reconciliation operating model that safeguards the integrity of Black Rock’s investment data across critical processes, including investment management, analytics, compliance, and regulatory reporting.
• The team oversees reconciliation across a broad range of asset classes, including equities, fixed income, derivatives, collateral, and related cash activity, partnering closely with internal teams, external service providers, custodians, and clients to ensure timely resolution of exceptions and a strong control environment.
• Understand the impact of Position on upstream and downstream partners
• Perform day-to-day reconciliation activities, including control reporting, position break resolution, inbox and dashboard monitoring, client and portfolio maintenance, and subscription/redemption processing.
• Deliver high-quality service to internal and external stakeholders by addressing inquiries, performing controls, resolving issues, and mitigating operational risk.
• Prepare and review reconciliations across Black Rock, asset manager, and custodian records, investigating differences and resolving exceptions accurately and within required timelines.
• Maintain account and portfolio records to reflect client, account, and market-driven changes accurately and on a timely basis.
• Partner with external service providers, internal teams, and other Black Rock functions to investigate and resolve operational issues.
• Support special projects and initiatives aimed at enhancing controls, improving service delivery, and increasing operational efficiency.
• Build strong working relationships with internal and external partners, with a focus on collaboration, responsiveness, and client service.
• Identify process inefficiencies and recommend enhancements to strengthen controls, improve scalability, and support 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.

Requirements

• The ability to prioritize and balance multiple requests without losing sight of our overall objectives.
• You possess strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when vital.
• Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and evolving team.
• You are 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.
• Do you have the social skills to effectively articulate solutions to internal and external partners?.
• You have strong knowledge of equity and fixed income securities and derivative products.
• You are proficient in Microsoft Office and have an aptitude for learning new applications!.
• A four-year degree is required in Finance, Accounting, Information Technology, or Economics or a masters degree in relevant fields.
• Understanding upstream processes is impactful to reconciliation and develop ability to correlate the effect of change.

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