About This Role

Regulatory Solutions is a growing team who deliver a combination of end-to-end operations, oversight, metrics, and cross functional change management for many of the largest and most complex regulations impacting BlackRock and its clients. This is an exciting time within Regulatory Solutions with implementation of new regulations and the opportunities to drive our business forward by delivering risk-based regulatory solutions. The successful candidates will play a meaningful role in that evolution.

The CASS Governance & Oversight (“CGO”) Team within BlackRock’s Regulatory Solutions function focuses on ensuring that BlackRock adheres to the client money and assets regulations (“CASS”) imposed by the UK regulator, the Financial Conduct Authority (“FCA”). We are committed to delivering and driving CASS excellence!

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.

Role & Responsibilities

This full-time role will primarily be focused upon delivering CASS reporting and quality management information to tight deadlines with a view to automate and introduce efficiencies. The role will provide excellent exposure to BlackRock’s business and provide a great platform for the Associate to develop CASS subject matter knowledge. Tasks will include:

• The ongoing review and management of client money records and bank accounts
• Daily production of client money books and records and reconciliations within the mandatory timescales.
• The ongoing management of CASS 8 mandate listing and records.
• Completing & reviewing the monthly client money & asset return (“CMAR”) to be presented to the Head of CASS
• Promptly escalate any exceptions and discrepancies in relation to any CASS reporting in-line with procedures.
• Investigate and resolve queries and issues in collaboration with business stakeholders in a timely manner, escalating to management where required.
• Analyse trends in errors and issues to find opportunities for process & control improvements.
• Ensure issues are accurately documented, root cause is analysed and that appropriate remedial steps are clearly defined and assigned to mitigate risks.
• Supporting all audit related activity, such as sourcing and interrogating audit sample requests as well as responding to queries from auditors
• Deliver effective management information (“MI”) for business partners at various levels within the organisation
• Support in organizing and minuting the CASS Governance Committee
• Maintaining the BlackRock CASS risk & control framework.
• Prepare and maintain procedures, processes and controls for the team.
• Maintaining the firm’s CASS Resolution Packs (“CASS RP”) under CASS 10.
• Producing and issuing client money statements each quarter under CASS 9.
• Support management with project activity and continuous improvement initiatives where required.
• Use your creativity and initiative to develop improvements to the firms CASS management reporting and introduce automation and other time saving initiatives where possible.

Knowledge/Experiences

Essential

• A high proficiency in Microsoft Office applications
• Excellent written & verbal communication skills
• A results-focused and dynamic work ethic with a passion for problem solving
• The ability to build and effectively manage relationships
• Understanding of risks and controls within a financial services environment
• Strong attention to detail, analytical skills, and ability to prioritize the most critical business issues
• An ability to distill detailed information into high quality MI
• Strong planning, organizational and interpersonal skills
• Intellectual curiosity and the desire to take initiative and deliver results
• Ability to work well in a team environment whilst also confident in working unsupervised
• Ability to meet deadlines, multitask and be initiative-taking within a high-pressure environment
• 5+ years Financial Services experience
• Experience producing and reviewing client money (CASS 7) and mandate (CASS 8) records and reconciliations
• Knowledge of the FCA Client Assets Sourcebook alongside its practical application as it applies to asset management
• Report on workload progress to the manager, escalating any obstacles that prevent delivery workload
• Proactively seek opportunities to improve business processes, with a lens on risk management and mitigation

Preferred

• A proven track record of delivering and enhancing processes, systems and controls
• An ability to leverage tools such as GenAI, robotics and macro coding to automate tasks and introduce efficiencies
• Investment Operations Certificate (IOC) or similar qualification incl. CASS module

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.

Director, Trade Clearance

Job description

About this role

Regulatory Solutions is a growing team who deliver a combination of end-to-end operations, oversight, metrics, and cross functional change management for many of the largest and most complex regulations impacting BlackRock and its clients. This is an exciting time within Regulatory Solutions with implementation of new regulations and the opportunities to drive our business forward by delivering risk-based regulatory solutions. The successful candidates will play a meaningful role in that evolution.

The CASS Governance & Oversight (“CGO”) Team within BlackRock’s Regulatory Solutions function focuses on ensuring that BlackRock adheres to the client money and assets regulations (“CASS”) imposed by the UK regulator, the Financial Conduct Authority (“FCA”). We are committed to delivering and driving CASS excellence!

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.

Role & Responsibilities

This full-time role will primarily be focused upon delivering CASS reporting and quality management information to tight deadlines with a view to automate and introduce efficiencies. The role will provide excellent exposure to BlackRock’s business and provide a great platform for the Associate to develop CASS subject matter knowledge. Tasks will include:

• The ongoing review and management of client money records and bank accounts
• Daily production of client money books and records and reconciliations within the mandatory timescales.
• The ongoing management of CASS 8 mandate listing and records.
• Completing & reviewing the monthly client money & asset return (“CMAR”) to be presented to the Head of CASS
• Promptly escalate any exceptions and discrepancies in relation to any CASS reporting in-line with procedures.
• Investigate and resolve queries and issues in collaboration with business stakeholders in a timely manner, escalating to management where required.
• Analyse trends in errors and issues to find opportunities for process & control improvements.
• Ensure issues are accurately documented, root cause is analysed and that appropriate remedial steps are clearly defined and assigned to mitigate risks.
• Supporting all audit related activity, such as sourcing and interrogating audit sample requests as well as responding to queries from auditors
• Deliver effective management information (“MI”) for business partners at various levels within the organisation
• Support in organizing and minuting the CASS Governance Committee
• Maintaining the BlackRock CASS risk & control framework.
• Prepare and maintain procedures, processes and controls for the team.
• Maintaining the firm’s CASS Resolution Packs (“CASS RP”) under CASS 10.
• Producing and issuing client money statements each quarter under CASS 9.
• Support management with project activity and continuous improvement initiatives where required.
• Use your creativity and initiative to develop improvements to the firms CASS management reporting and introduce automation and other time saving initiatives where possible.

Knowledge/Experiences:

Essential

• A high proficiency in Microsoft Office applications
• Excellent written & verbal communication skills
• A results-focused and dynamic work ethic with a passion for problem solving
• The ability to build and effectively manage relationships
• Understanding of risks and controls within a financial services environment
• Strong attention to detail, analytical skills, and ability to prioritize the most critical business issues
• An ability to distill detailed information into high quality MI
• Strong planning, organizational and interpersonal skills
• Intellectual curiosity and the desire to take initiative and deliver results
• Ability to work well in a team environment whilst also confident in working unsupervised
• Ability to meet deadlines, multitask and be initiative-taking within a high-pressure environment
• 5+ years Financial Services experience
• Experience producing and reviewing client money (CASS 7) and mandate (CASS 8) records and reconciliations
• Knowledge of the FCA Client Assets Sourcebook alongside its practical application as it applies to asset management
• Report on workload progress to the manager, escalating any obstacles that prevent delivery workload
• Proactively seek opportunities to improve business processes, with a lens on risk management and mitigation

Preferred

• A proven track record of delivering and enhancing processes, systems and controls
• An ability to leverage tools such as GenAI, robotics and macro coding to automate tasks and introduce efficiencies
• Investment Operations Certificate (IOC) or similar qualification incl. CASS module

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.

Analyst, Report Production

Job description

About this role

Team Overview:

Client Exp Operations Reporting team is part of Global Client Experience umbrella combines Client Reporting and Client Reporting Solutions services at scale. All teams play a role in delivering a better client outcome to ensure service is a true differentiator for BlackRock.

Reporting team is responsible for the preparation and delivery of sophisticated economic and financial analysis to a diverse client base. Portfolio performance, attribution and investment commentary as well as detailed risk analytics are provided to clients through formal periodic reporting and web delivery. In addition, Reporting Services is responsible for partnering with multiple upstream data providers ranging across Data & AI, Accounting, Performance and regional investment and product strategy teams.

Roles & Responsibilities

• Deliver a superior client experience via front-line client service to clients and related third parties, including understanding clients reporting needs, fielding and responding to client queries and the creation of accurate and meaningful reports.
• Understand flow of client, market and fund information across BlackRock and external data providers
• Facilitate bespoke and standard report creation through analyzing and researching client, market and fund data and related information
• Oversee and ensure timely and accurate distribution of all deliverables, proactively communicating potential delays and restatements to the client
• Constantly evaluate systems, processes and procedures for inefficiencies and make recommendations on improvement
• Support various projects, including automation/standardization efforts and the evolution of standard deliverables. Leveraging some of the language i.e., VBA, SQL,etc.
• Understand the risk environment within the department – promote risk awareness, assessment, control and escalation mechanism
• Candidate should be well versed to be a student of the market knowing the economic conditions on a micro and macro level
• Adopt values that are more inclusive and contribute to a collaborative environment, including emphasizing teamwork and mutual respect, and incorporating diversity and inclusiveness as a key cultural value, not just as an end in itself, but as a fundamental aspect of doing good business.

Experience

• Post graduate degree in business, finance, accounting, economics, or related field with at least 1-3 years of experience. Prior experience in investment management will be preferred.
• Keen interest in investment products and a preference of 1-3 years of financial services experience, especially investment management or data visualization with good knowledge of financial products.
• Outstanding client service skills, maturity and judgment in dealing directly with clientele
• Exceptional written and verbal communication skills are essential
• Excellent attention to detail, extremely accurate and well organized
• Strong analytical and problem-solving skills with the ability to synthesize information, summarize issues and think outside the box
• Sharp control/risk mitigation mentality with ability to know when to escalate issues
• Ability to operate effectively under tight deadlines and to prioritize work with strong emphasis on time management
• Should be a team player who have Abilities and desire to work in a team environment, willingness to ask questions but also to learn independently.
• Happy to work in flexible shift timings across all three regions.
• Proficiency in Microsoft Office and an aptitude for learning new applications. Programming or automation experience with Macro & SQL (intermediate)  will be an added advantage.

Competencies

• Presence, maturity and credibility to effectively represent internally and externally, and confidence in engaging with internal and external stakeholders across investment managers, product strategy and client business groups
• Ability to develop strong and trusting relationships
• Strong attention to detail
• Strong research and writing skills to clearly articulate sophisticated concepts, ideas, and processes.
• Integrity and fiduciary, strong work ethic and professional disposition.
• Strong level of self-direction, ownership, organization and initiative.
• Team work oriented with proven organizational skills and ability to manage multiple objectives simultaneously. Able to influence without authority.
• Deal with colleagues in a diplomatic and persuasive manner and to multi-task in a busy and varied environment.
• A strong team ethic

#EarlyCareers

Associate, Business Manager

Job description

About this role

Which team will you be on?

BlackRock Global Markets, which Securities Lending and Cash Management are a part of, helps our clients manage their investment challenges and strives to deliver persistent long-term investment performance. Our investment professionals benefit from the resources of a world class technology firm that is differentiated by a team approach, integrated research and risk management. Everyone at BlackRock has a role to play in leading the firm’s future growth. We believe that diverse teams with complementary strengths are critical to our success.

Securities Lending is a business which handles approximately $400 billion in loans and provides superior performance through innovative technology, sophisticated quantitative techniques, and product innovation. In Cash Management, BlackRock is a global leader managing over US$710 billion in global liquidity assets across multiple currencies and a suite of products that includes Prime and Government Money Market and Ultra-Short Duration Mutual funds and Separate Accounts. BlackRock’s cash management style is designed to meet each client’s objectives of capital preservation, liquidity and yield – in that order.

We are seeking a dynamic associate who seeks complex challenges to join the Securities Lending and Cash Management Business management team in Gurgaon. The Business Management team ensures the business operates at its potential by strategically growing talent, efficiently overseeing risk, leading our budget, and ensuring strong governance. The candidate will work with the leadership team, in addition to Trading, Portfolio Management, Client, Product and Platform, and key partners which include Finance, Compliance, and Operations.

Who You Will Ideally Be

• Organized: Able to utilise superior organizational and multi-tasking skills, integrity and great follow through on tasks; flexible, do not get overwhelmed easily, take a positive approach to problems, and deliver on time
• Innovative: You are curious, innovative, meticulous, very creative and constantly looking for ways to tweak and optimize processes
• Driven: You are a people person who can talk to anyone – and listen; you have highly developed negotiation and influencing skills; you can play the diplomat, but be conclusive, too; you understand the impact of a highly satisfied, excited team; and you are slightly obsessive-compulsive about grinding away at issues
• Diligent: You have strong attention to detail, are willing to assist wherever needed, including support tasks; you have a strong sense of personal ownership and accountability for self and team

What You Will Need

• Experience: 4-6 years’ of related work experience
• Self-starter with high energy, motivation, commitment to excellence and positive approach to business challenges
• Experience coding in Python is preferred but not critical
• Data analysis skills (excel, SQL) are preferred
• Intellectual curiosity in financial markets and an appetite for consistent learning
• Excellent interpersonal and communication skills
• Relationship Management: Experience in building and maintaining strong relationships
• Critical thinker with strong analytical skills and the ability to understand and translate complex issues
• Strong attention to detail, and effective organizational and time management skills

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.

Analyst, Client Data Management

USWA COO Team is responsible for leading a range of strategic initiatives and for managing the internal planning for BlackRock’s US retail business.  Our group, reporting to the Head of US Retail, forms the “connective tissue” of BlackRock’s US retail business, coordinating functional areas within the business and interactions with the broader BlackRock organization, including business analytics and product.

Job Purpose/Background:

The USWA Client Data Center of Excellence (COE) is responsible for maintaining and enhancing our robust data ecosystem, proactively and reactively addressing data process and quality issues, and serve as a key connection point between USWA and the Client Platform / Global Client Business (GCB) for everything related to client data, data quality, and ETL processes.

Key Responsibilities:

• Maintain and update client data repositories to ensure accuracy and completeness, focusing on timely onboarding, QA, and automation of priority 3rd-party data feeds for USWA.
• Serve as initial point of contact to address client data-related QA issues and provide rapid response services, adhering to established SLAs for timeliness and quality.
• Partner with ETL Developer, Client Data QA and Governance Associate to create data dictionaries and document ETL processes to minimize data gaps.
• Help in the establishment of data quality goals, metrics, and monitoring and perform regular proactive audits to ensure compliance with standards.
• Participate in the design and execution of ETL processes.
• Conduct data analysis to identify trends and insights related to client data.
• Assist in the creation of data dashboards and reports for business insights.
• Contribute to continuous improvement initiatives within the data ecosystem.
• Engage in ongoing learning to stay current with industry trends and technologies.
• Collaborate on initiatives to enhance data literacy across the organization.

Qualifications:

• Bachelors or Master’s Degree in Computer Science, Engineering or a related discipline.

Eligibility Criteria:

• 2+ years of experience in client data management and data governance (preferably in finance industry).
• Proficiency in SQL and experience with ETL and data cataloging tools (e.g., DataHub, great expectations, Apache Airflow, dbt)
• Working knowledge of Python programming language including libraries for data structures, reporting templates etc.
• Knowledge of cloud-based data warehousing solutions (e.g., Snowflake) and associated ETL processes.
• Strong understanding of data quality principles and practices.
• Experience with data visualization tools such as Power BI.
• Excellent analytical and problem-solving skills.
• A curious mindset with a desire for continuous learning and improvement, with an eye on “on the job” skills building especially around data wrangling and being a student of USWA.
• Ability to work collaboratively in a team environment.
• Strong communication and interpersonal skills.
• Detail-oriented with a commitment to accuracy.

#EarlyCareers