Cash and Asset Reconciliation - Analyst/Associate

Edinburgh, United Kingdom
14 Aug 2022
01 Sep 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Job Purpose:

The Investment Operations Cash & Asset Operations Team is a dedicated group of professionals who ensure that all BlackRock cash & position data are accurate for critical processes including investment management, analytics, compliance, and regulatory. The team provides information services and solutions in support of all BlackRock and BlackRock Solutions businesses. The roles and responsibilities will include actively managing risk and exposure for BlackRock by ensuring BlackRock cash & position data is in line with external prime record holders daily. The role will result in understanding the mechanics of the reconciliation process, exception management, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes. Cash & Asset Operations plays a prominent role in the lifecycle of a trade, using BlackRock's proprietary platform Aladdin to ensure operational consistency and client fiduciary responsibilities.

Key responsibilities:
  • Ensure reconciliations are successfully completed and troubleshoot any discrepancies
  • Demonstrate full understanding of the trade life cycle of both plain-vanilla and nuanced security types
  • Be able to evaluate and research trade/income discrepancies across Aladdin tools and source bank data
  • Become a risk manager by owning internal/external stakeholder relationships and driving exception reduction
  • Manage and ensure delivery of central initiatives
  • Effectively lead conversations around exception volume, exposure, and age
  • Establish and execute remediation plans around root cause issues to ultimately reduce total stakeholder exception volume
  • Regularly articulate personal impact
  • Complete data analysis to establish transparency, decision drivers and efficiency
  • Develop expertise around team control mechanisms and reporting
  • Actively participate in all team meetings including review of key risk and process indicators
  • Understand and adhere to all regulatory requirements impacting the reconciliation process
  • Ability to evaluate systems, procedures and workflows to make meaningful recommendations for improvement
  • Lead various efficiency and capacity-building initiatives, including automation/ standardization efforts
  • Provide level of oversight, training and mentoring to junior members of team

  • Bachelor's degree - concentration in Accounting, Finance, Business or Economics is preferred
  • 3+ years of experience
  • Understanding of financial instruments with an emphasis on derivative products is preferred
  • Strong, effective analytical and problem solving skills
  • Data Analytics skillsets preferred inclusive of coding (VBA, SQL, PYTHON) and/or understanding of data science methods & implementation
  • Organized approach to ensure follow up on outstanding issues and identify appropriate action to be taken
  • Attention to detail to ensure a high degree of accuracy for all deliverables
  • Excellent communication skills to effectively articulate solutions to internal and external partners
  • Ability to multi-task and balance requests without losing sight of overall objectives and deadlines
  • Exceptional decision-making skills and ability to communicate effectively with senior management
  • Ability to work in a team environment and build positive relationships with colleagues and external contacts
  • Ability to work in a dynamic, rapid changing, deadline driven environment
  • Expertise in Microsoft office products with an emphasis on Excel

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 pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

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

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