Analyst, Middle Office
BlackRock
Mumbai, IndiaPosted 26 days ago
Skill Required
securitybuildingUnityFulltime
Role overview
The Analyst will support the High‑Grade Middle Office (HGMO) team in Mumbai, handling trade capture, settlement, and reconciliation across a wide range of fixed‑income and derivative products, while also playing a key role in establishing and expanding HPS’s Middle Office presence in the region.
Responsibilities
- Researching and resolving cash breaks vs. custodians
- Researching and resolving position breaks vs. custodians/clients/administrators/other systems
- Play a key role in the daily reconciliation between HPS & BlackRock’s accounting systems
- Daily oversight of loan and security administration in the firm’s accounting system to support internal post close loan administration: tracking delayed fundings, contracts, coupon payments, factor payments, and maturities
- Investigate any transactional or accrual discrepancies that may arise
- Provide full trade life cycle operational support for products including but not limited to Bonds (Fixed & Floating Rate), Private Placements, ABS, Cross‑Currency Swaps, Term Loans, Delayed Draw Term Loans, and Revolvers
- Work closely with custodians daily – fielding questions on how to apply cash, and building/providing amortization schedules for factored securities
- Assemble purchaser schedules with the information needed to close/fund new private placements
- Assist with confirming positions and providing support where needed for both internal and SMA auditors
- Daily interaction with internal and external groups to troubleshoot any booking and/or position discrepancies (Front Office/Fund Accounting/Fund Administrators/SMA Clients/Auditors)
- Assist with monthly tie outs of all positions & cash with SMA Client for AUM, Dry Powder, and Management Fee purposes
- Perform daily transaction reconciliation with Stat Accounting administrator, and monthly position/cost/market value reconciliation during the monthly lockdown process
- Ensure proper recording/accounting and cashflow reconciliation of cross‑currency swaps
- Perform detailed investment return reconciliation versus full fund administrator
- Collaborate with technology teams on automation and workflow enhancements; execute User Acceptance Testing (UAT), including scenario testing and error resolution before production release
- Liaise with multiple internal groups such as accounting, product control, valuations, investment data, etc. to resolve open queries and perform additional responsibilities as required to support team objectives
Requirements
- Post Graduate with a degree in finance, Accounting, or business‑related field
- 1‑3 years of experience in middle office/operations; accounting experience is a plus
- Strong understanding of fixed income securities (private & public), cross‑currency and/or interest rate swaps
- Trading and settlement knowledge
- Creation of securities/swaps in security master
- Life‑cycle events: coupons, factors, amendments, tenders, maturity
- Cash and position reconciliation expertise
- Strong Excel and Outlook management skills with use of lookups, pivot tables, and extensive formulas
- Ability to sort through a high number of emails per day without missing anything important, responding in a timely manner and escalating when necessary
- Enjoys problem solving and critical thinking
- Ability to resolve complex issues efficiently and independently by leveraging knowledge obtained via training and past experiences
- Curiosity; desire to learn and build upon existing knowledge every single day
Nice to have
- Experience using trade/accounting/security master systems; FIS VPM, Aladdin, IVP Products, and/or Clearwater preferred
- Experience with Statutory Accounting is a plus
Benefits
- Strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO)
- Hybrid work model – at least 4 days in the office per week with 1 day remote
Additional details
- HPS Investment Partners is a part of BlackRock, a leading global, credit‑focused alternative investment manager managing $370 billion in client assets, including $205 billion of private credit assets
- The Middle Office (MO) team within HPS – Blackrock’s private credit platform – ensures the Fund’s positions and cash balances are accurate, managing trade lifecycle, settlement, loan administration, daily reconciliations, corporate action elections, audit requests, new mandate onboarding, and PnL break analysis
- The HGMO sub‑group focuses on the High Grade (private investment grade) platform
- The Analyst will be HPS Middle Office team’s first hire in Mumbai and will have an opportunity to play a key role in building out the HPS Middle Office presence there
- The role interacts closely with Deal Execution, Treasury, Fund Accounting, Fund Finance, Cash Management, Portfolio Analytics, Data Analytics, Valuations, and the Deal Teams daily
- Guidance on AI use is provided for candidates during the hiring process, encouraging thoughtful use while emphasizing personal experience and judgment
- BlackRock’s hybrid work model is designed to enable collaboration and apprenticeship, with flexibility to work from home 1 day a week
- BlackRock is an Equal Opportunity Employer, evaluating qualified applicants without regard to protected attributes