Analyst, Collateral Management - Payments Analyst, Collateral Management - Payments …

in Mumbai, Maharashtra, India
Permanent, Full time
Last application, 30 Nov 21
in Mumbai, Maharashtra, India
Permanent, Full time
Last application, 30 Nov 21
Analyst, Collateral Management - Payments

About this role

Team Overview
The Investment Operations Income and Payments Team is a dedicated group of professionals who are responsible for the validation, confirmation and workflow oversight of lifecycle payment events associated to: Bilateral OTC derivative contracts, CFD resets and Manufactured Income Reclaims for Securities Lending funds. 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 synthetic payment obligations are being met daily. The role will result in understanding the mechanics of the CFD reset 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. Income and Payments plays a prominent role in the lifecycle of a trade, using BlackRock's proprietary platform Aladdin to ensure operational consistency and client fiduciary responsibilities.
Role Responsibility
  • Ensure CFD reset reconciliations are successfully completed and troubleshoot any discrepancies
  • Driving prime broker discipline through weekly calls; to bring the overall exposure down
  • Demonstrate full understanding of the trade life cycle
  • Be able to evaluate and research reset discrepancies across Aladdin tools and source broker data
  • Become a risk manager by owning internal/external partner relationships and driving risk mitigation
  • 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 partner 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
  • Communicating with partners to resolve open reset discrepancies.
  • Build and maintain strong relationships with key internal & external partners including; leading & coordinating problem resolution
  • Embracing the BlackRock Principles and role modeling these behaviors to other team members
  • Candidate should possess 2-5 years of financial services experience and have a good understanding of Financial Markets, preferably within the Investment Management, Income and payments or Global Custody environment.
  • Previous experience in Derivatives, CFDs, Cash Reconciliation, Corporate Actions is preferred
  • Proficiency in Microsoft office products (with an emphasis on Excel) or other programming languages and an aptitude for learning new applications
  • Strong, effective analytical and problem solving skills
  • 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 tasks
  • Ability to multi-task and balance requests without losing sight of overall objectives
  • Exceptional decision making skills and ability to communicate effectively with senior management
  • Work in a team environment and build lasting relationships with colleagues and external contacts such as custodians, counterparties and other third-party providers
  • Thrive in a fast paced, rapid changing, deadline driven environment
  • Excellent interpersonal skills to effectively articulate solutions to internal and external partners
  • Strong initiative to follow up on outstanding issues - identify what needs to be done and take action and see through to resolution

Want to learn more?

For 30 years, to drive innovation, BlackRock has bought great minds together. From the very beginning technology was harnessed for insight and efficiency to help our businesses better understand their client's objectives. Again, BlackRock is accelerating innovation and technology to invest even more in their Aladdin platform and looking for people with a passion for technology and a love of solving complex problems to join their teams.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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.

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 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.
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