Analyst, Transfer Agency Oversight/ Financial Control

About this role

Technology and Operations (“Tech Ops”) supports the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. Tech Ops establishes and coordinates operational procedures internally and externally with clients, custodians, accounting agents, prime brokers, broker-dealers, and other vendors, as well as strengthen BlackRock's relationships.

Global Fund Distributor Services (“GFDS”) is a unit within Tech Ops – Global Accounting And Product Services (GAAPS). GFDS provides management and oversight of BlackRock Fund Transfer Agents and distribution partners that service and distribute our Fund Ranges globally. We also perform governance and oversight of BlackRock’s Retail Fund Distribution Partners. As we look to expand GFDS footprint in India, we are seeking an Analyst to join our team.

In the main, this role will sit within the Transfer Agency Financial Control function with a focus on reconciliation of our CASS and Collection account positions for the fund ranges looked after by our external vendors. This requires a strong attention to detail, diligent, proactive attitude to break resolution and, ideally, reconciliation experience.

We may require this role to cover other responsibilities within Transfer Agency Oversight as directed from time to time. 

Role Responsibility

• Complete the reconciliation of CASS and collection account bank accounts

• Investigate and resolve day to day operational queries, issues and incidents in relation to reconciliation of cash accounts

• Oversight & governance of all Transfer Agency CASS activity including the daily oversight of external and internal client money and corporate reconciliations ensuring that all actions are completed in a timely manner.

• This includes assisting in the compilation of monthly CMAR return which is presented to the Head of CASS

• Conduct root cause analysis for operational problem and ensuring appropriate remedial steps are clearly defined and assigned to mitigate risks.

• Proactively analyse trends in errors and issues to find opportunities for process improvement at either the Provider or BlackRock.

• Prepare and maintain procedures, processes and controls between BlackRock and its administrators.

• Participate in periodic reviews and updates to the operating model/service level documentation.

• Completion of oversight checks on specific activities at the TA to ensure compliance with agreed service levels.

• Provide constructive input to ongoing due diligence of the Transfer Agents.

• Assisting management and senior leaders with any ad hoc / project work                                                                                                                                    

Competencies

• Attention to detail, strong analytical skills, and ability to prioritize the most critical business issues

• Ability to meet deadlines, multitask and be initiative-taking within a high pressure environment

• Strong collaboration skills and experience of working cross-functionally

• Intellectual curiosity and the desire to take initiative and deliver results

• Report on progress to the manager, escalating any obstacles that may prevent you delivering on your agreed workload

• Look for any opportunities to improve business processes and technology tools, with a lens on risk management and mitigation

• Engage and maintain relationships with key partners in GAAPS and across the firm to effectively navigate the global organization

• Provide exceptional client service through quick and complete response to internal/external client queries

• Assist with developing metrics and reporting for senior management

Experience

• Minimum 2-5 years of financial services experience and have a good understanding of Financial Markets, preferably within the Asset Management, Reconciliation role or Transfer Agency Oversight environment.

• Bachelor’s degree in accounting (strongly preferred) or Finance.

• Previous reconciliation / data analysis experience would be encouraged

• Strongly proficient in Excel and Microsoft Office

• Understanding of risks and controls within a financial services environment

• Experience of working with external providers

• Relationship and/or project management experience would be advantageous

• Knowledge of SQL and similar database technologies (Aqua Data) as well as an emphasis on automation and visualization tools (Tableau/PowerBI) would be beneficial

#EarlyCareers

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a 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 here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our 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 to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.