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The Investment Operations Payments & Claims 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.
Job Responsibility:
Ensure CFD reset reconciliations are successfully completed and troubleshoot any discrepancies
Driving prime broker discipline through weekly calls
Demonstrate full understanding of the trade life cycle
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
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
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
Embracing the BlackRock Principles and role modeling these behaviors
Requirements:
2-5 years of financial services experience
Good understanding of Financial Markets, preferably within 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
Strong, effective analytical and problem solving skills
Organized approach to ensure follow up on outstanding issues
Attention to detail
Ability to multi-task and balance requests
Exceptional decision making skills and ability to communicate effectively with senior management
Work in a team environment and build lasting relationships
Thrive in a fast paced, rapid changing, deadline driven environment
Excellent interpersonal skills
Strong initiative to follow up on outstanding issues
Nice to have:
Previous experience in Derivatives, CFDs, Cash Reconciliation, Corporate Actions