Associate, Reconciliations

Overview

Associate role in the Outsourced Platform Services Asset Reconciliations team, responsible for delivering a robust reconciliation operating model that safeguards the integrity of BlackRock's investment data across investment management, analytics, compliance and regulatory reporting.

What you'll do

• Perform day-to-day reconciliation activities, including control reporting, position break resolution, inbox and dashboard monitoring, client and portfolio maintenance, and subscription/redemption processing.
• Deliver high-quality service to internal and external stakeholders by addressing inquiries, performing controls, resolving issues, and mitigating operational risk.
• Prepare and review reconciliations across BlackRock, asset manager, and custodian records, investigating differences and resolving exceptions accurately and within required timelines.
• Maintain account and portfolio records to reflect client, account, and market-driven changes accurately and on a timely basis.
• Partner with external service providers, internal teams, and other BlackRock functions to investigate and resolve operational issues.
• Support special projects and initiatives aimed at enhancing controls, improving service delivery, and increasing operational efficiency.
• Build strong working relationships with internal and external partners, with a focus on collaboration, responsiveness, and client service.
• Identify process inefficiencies and recommend enhancements to strengthen controls, improve scalability, and support standard methodologies.
• Raise all material risk items and service issues on a timely basis.
• Coach and mentor team members to encourage high individual performance and service standards.
• Demonstrate ability to self-improve and develop.
• Understand the impact of position on upstream and downstream partners.

What you'll need

• Ability to prioritize and balance multiple requests without losing sight of overall objectives.
• Strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance or clarification when vital.
• Ability to multi-task and perform in a high performance, high demand environment.
• Initiative to follow up on issues: identify what needs to be done and act.
• Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and evolving team.
• Organized and detail oriented with strong time management skills.
• Ability to work in a multifaceted and team oriented environment and quickly adapt to a constantly evolving business.
• Contributor to the leadership team, ensuring appropriate staffing model, depth charts and succession plans are assessed across the location.
• Social skills to effectively articulate solutions to internal and external partners.
• Capability to assist in creating a team vision, planning and executing steps to ensure a consistently robust team.
• Thrive in a team environment and build strong relationships with colleagues and external contacts such as custodians, counterparties and other third-party providers.
• Strong knowledge of equity and fixed income securities and derivative products.
• Proficient in Microsoft Office and an aptitude for learning new applications.
• A four-year degree in Finance, Accounting, Information Technology, or Economics, or a masters degree in a relevant field.
• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and constantly evolving environment while maintaining the highest standard and attention to detail.

Nice to have

• Understanding of upstream processes and the ability to correlate the effect of change on reconciliation.

Details

• Location: Mumbai, India.
• Hybrid work model: 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.