Mexico Business Operations Analyst

About this role

********Please submit CVs in English********

Team Overview:

The Latin America Business Operations team sits within Global Accounting and Product Services (GAAPS), one of the core functions within the Technology & Operations group at BlackRock. Our remit includes product oversight and client service, related to the locally offered solutions across the region, including Mutual Funds, Separately Managed Accounts, ETFs and Alternatives.

The team supports various groups associated with the lifecycle of services offered, collaborating with internal BlackRock teams of Portfolio Management, Trading & Investments, Onboarding, Legal & Compliance, Sales, Product Development, Trade Operations, Financial Reporting and Fund Accounting teams. Our goal is to provide the best-in-class service to our clients, for the offered services and investment solutions provided under local regulation and global capabilities of BlackRock.

The Mexico Business Operations Team is entrusted with the control and oversight of administrative, accounting, taxation, and reporting processes linked to local Mutual Funds, ETFs, and Alternative products. These responsibilities are carried out in strict adherence to the normative framework. Additionally, the team supervises various service providers, including Fund Administrators, Trustees, Custodians, Pricing Providers, Rating Agencies, Independent Appraisers, among others, ensuring that all operations align with BlackRock’s standards of excellence.

Role and impact:

The ideal candidate is an individual who is driven and curious, with a technical financial-risk background and experience in the finance industry. As part of the Business Operation team, you will work with different global and local business teams, partnering with them to ensure a stable and risk controlled operational framework for our local domicile products and solutions. The role will involve application of accounting and capital markets technical knowledge (under Mexican regulation), especially in the Asset Management field. Coding skills and process automation experience are highly desirable.

This role requires a business-driven mindset and creativity in finding ways to support the sales process, optimize operations, and mitigate risks. The candidate should be able to handle a steep learning curve and a dynamic environment. The ideal candidate is resilient, flexible, and persistent. The role is for problem-solvers and individuals that do not shy away from seeking help outside their immediate network.

Role and Responsibilities: The potential candidate should have the capacity to:

• Understand asset management products and portfolio solutions offered to clients, legal and regulatory framework, along with the operating model and execution of the portfolio management lifecycle.
• Partner with global business operations and local business teams to provide local expertise (taxes, valuation, fund admin) and support different product events like creation, merges, termination and repurposes.
• Build partnerships with external ecosystem by interacting with regulators, fund accounting providers, trustees, custodians, price vendors, distributors and others involved in the lifecycle of the local domicile products.
• Lead projects to enhance the operative ecosystem of the local domicile Mutual Funds, ETF and Alternative products. For that, the candidate should be in capacity to communicate and negotiate with different providers and internal teams.
• Follow-up to the local regulatory agenda and analysis of impacts for the local businesses.
• Maintain a risk-controlled environment together with our key service providers, minimizing the operational events.
• Oversight all the operational flows of the local Mutual Funds for Net Asset Value (NAV) calculation.
• Consistently perform risk assessments and drive improvements to existing controls and procedures.
• Automate all manual processes using RPA tools.

Skills/Qualifications:

• Exceptional verbal and written communication skills in both English and Spanish
• Bachelor’s degree required in finance, economics, accounting, computer science business management, or equivalent. Certification in “Figura 3” is desirable.
• Ideal candidate will have proven experience of 1+ years in the financial industry, with knowledge of capital markets and the ecosystem of regulators and market participants.
• Understanding lifecycle of the banking industry, financial services, traded products in exchanges, such as derivatives, equity, fixed income, and cross listed, as well as overall processes of accounting, valuation and tax of a security and a portfolio.
• Highly computer-literate, with advanced Python, VBA and Microsoft Office knowledge.
• Excellent attention to detail, as well as the ability to produce accurate work and spots mistakes/errors and makes appropriate corrections.
• Candidates should have a keen eye for opportunities to create efficiency, and a track record of executing these improvements.
• Self-driven, proactive, and committed to achieving objectives.
• Strong interpersonal and client service skills, problem solving, analysis and proactiveness.
• Excellent communication skills and able to convey information clearly and concisely to technical and non-technical audiences.

#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 and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.