Taiwan Fund Administration, Associate

About this role

About BlackRock

BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.

That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and its why companies, institutions and global governments come to us for help meeting their biggest financial challenges.

About this role:

BlackRock is seeking an experienced Operations professionals at the Associate level. This diverse and challenging role has responsibility for ownership of the fund administration oversight of BlackRock’s Taiwan domiciled and serviced business, reporting to the Vice President of Fund Admin based in Hong Kong. Primary functions will be the management of service provider relationships and the management of fund accounting related product implementation and product change. The role covers both change management and exception management.

We are looking for an experienced professional at the Associate level to join the Taiwan onshore team to support the growth. The BlackRock fund ranges include Taiwanese domiciled SITE funds, DIA (Discretionary Investment Account) and Taiwan ETF. The team also covers Corporate Action and Trade Operations providing expanded opportunities for understanding valuation.

The team establishes the Fund Control Environment and ensures adherence to local and global procedures. It also maintains positive and effective relationships with Fund Administration teams in other locations in Asia and EMEA, to ensure consistency of processes and efficient use of resources. This includes various control and administrative duties (such as daily NAV review, tolerances checks, invoicing, etc.) to achieve complete and robust oversight of specific fund processes. You will also be able to provide leading insights in new regulations and drive outstanding client experience through timely and accurate delivery of NAVs. The team will also work closely with Investments teams and Trading to support the full trade lifecycle from account set up, funding, settlement, margin, collateral and reconciliation.

Responsibilities

• Show excellent attention to detail and be risk adverse with critical thinking skills.

• Demonstrate partnership skills within BlackRock to actively engage and lead fund product changes, with focus on maintaining a good working relationship with Global Product Group and our Investment teams.

• Supervise outsourced functions, including performance of the service provider, leading all aspects of risk and control environments, investigation of NAV related queries.

• Assist in the preparation of distribution pay out process and in leading local audits, working closely with Fund auditor and service provider.

• Support full trade lifecycle from account set up, funding, settlement, margin, collateral and reconciliation; collaborate closely with counterparties and custodians to facilitate timely trade settlement and minimize potential fails.

• Handle cash and trade workflow error resolution including funding shortages or failed trades across products (FX, equities, bonds, derivatives, etc.)

• Ensure all corporate actions, including income events, are captured, validated, elected and processed timely across entitled funds

• Ensure team approach is consistent with global practice for controls, oversight and management of vendors and production of fund valuations.

• Expertise in fund valuation as well as associated reporting and requirements. Monthly Regulatory Reporting preparation, and regular and ad hoc reporting externally and internally.

• Represent BlackRock around Fund Admin related issues in the Taiwan marketplace and where applicable and possible, participate in relevant industry working groups.

• Illustrated strong ability and track record in resolving and implementing change to processes and products.

• Proven track record to develop practical and pragmatic solutions through a ‘hands on’ approach

• Benefit from working with a broad range of functions within and outside of the business to deliver key initiatives

• Can work within a small team and across several larger teams and be a strong communicator - ability to work well with all levels, including directors, industry groups, business heads and the firm’s senior management.
  

Requirements:

• Over 5 years proven experience within the asset management industry or a related industry, ideally with exposure to Fund Operation

• Professional Licenses: SITCA licensing (Securities Investment Trust & Consulting Professionals) is required

• Prepared to take the initiative, understanding that a highly organized team can drive better performance, and can take the lead in managing operational improvements and change.

• High level of attention to detail and ability to resolve conflicting priorities;

• Demonstrates a proactive and risk-focused approach to work, understanding the importance of identifying and raising issues appropriately;

• Ability to work in a multifaceted, fast-paced environment with high self-assurance, energy and drive;

• A proven ability to develop strong collaborative working relationships with key partners;

• Possess strong interpersonal skills, both written and verbal;

• Ability to think strategically and consider implications of actions from all angles.

• High proficiency in Microsoft Excel and prior hands on experience with automation tools (e.g. VBA, RPA, Python, etc.) would be an advantage.

• Experience with financial technology platform would be valuable.

• Proficient in Mandarin and English.

• Qualified applicants, including people with disabilities, are welcome to apply

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.