Analyst, Cash Operations
BlackRock
Mumbai, IndiaPosted 24 days ago
Skill Required
troubleshootinganalyticalautomationanalyticsbuildingPythonVBASQLandAIFulltime
Key highlights
- Role: Vice President in Cash Operations at BlackRock, the world's largest asset manager
- Cash types covered include equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral
- Hybrid work model requiring at least 4 days in the office per week with 1 day work-from-home flexibility
- Benefits include a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO)
Role overview
BlackRock is seeking a Vice President in Cash Operations, a team of dedicated professionals essential to the investment process who ensure all BlackRock cash data is accurate for investment management, analytics, compliance, and regulatory purposes. The role involves actively managing risk and exposure by ensuring the investment book of record reconciles with external prime record holders daily, requiring an understanding of reconciliation mechanics, exception management, troubleshooting, driving enhancements, data analysis, documentation, and recommending improvements for efficient and accurate processes.
Responsibilities
- Ensure reconciliations are successfully completed and troubleshoot any discrepancies
- Review cash & asset position exceptions daily including researching differences and resolving them in an accurate and timely manner
- Ensure accuracy of published cash figures
- Data analysis enhancing transparency, decision drivers and efficiency
- Work with internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completion
- Develop expertise around team control mechanisms and reporting
- Identify and coordinate handling of priority customer concerns
- Actively participate in all team meetings including review of key risk and process indicators
- Understand and adhere to all regulatory requirements impacting the reconciliation activities
- Ability to evaluate systems, procedures and make recommendations for improvement
- Participate in various efficiency and capacity-building initiatives, including automation/standardization efforts
- Understand upstream processes impactful to the reconciliation and develop ability to correlate the effect of change
- Maintain accurate process documents and train team members to ensure complete understanding
- Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency
Requirements
- Strong, effective analytical and problem solving skills
- Organized approach to ensure follow up on outstanding issues and identify appropriate action to be taken
- Attention to detail to ensure a high degree of accuracy for all deliverables
- Excellent communication skills to effectively articulate solutions to internal and external stakeholders
- Ability to multi-task and balance requests without losing sight of overall objectives and deadlines
- Exceptional decision-making skills and ability to communicate effectively with senior management
- Ability to work in a team environment and build strong relationships with colleagues and external contacts
- Ability to work in a fast paced, rapid changing, deadline driven environment
- Expertise in Microsoft office products with an emphasis on Excel
Nice to have
- Bachelor's degree – concentration in Accounting, Finance, Business or Economics is preferred
- Understanding of financial instruments, particularly derivative products, is preferred
- Data Analytics skills preferred inclusive of coding (VBA, SQL, PYTHON) and/or understanding of data science methods & implementation
Benefits
- Strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about
Additional details
- Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral
- The team provides information services and solutions in support of all BlackRock and BlackRock Solutions businesses
- BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of employees while supporting flexibility; employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day per 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 at BlackRock
- BlackRock encourages candidates to use AI thoughtfully to learn, prepare, and work more effectively; during the interview process, the focus is on getting to know the candidate through their own experiences, thinking, and judgment
- BlackRock has provided guidance on when and how to use AI during the hiring process
- At BlackRock, the mission is to help more and more people experience financial well-being; 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 strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress
- BlackRock is dedicated to creating an environment where colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive
- To learn more about BlackRock, visit Careers.BlackRock.com; BlackRock also encourages getting to know them on LinkedIn, Instagram, YouTube, X, and TikTok
- BlackRock is an equal opportunity employer who values diversity
- BlackRock is proud to be an Equal Opportunity Employer and evaluates qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law