Analyst, Middle Office
BlackRock
Mumbai, IndiaPosted 2 months 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