Analyst, Trade Clearance/Settlement - Delaware

BlackRock • Wilmington, DE

3d • $66,500 - $85,000 • Hybrid

About The Position

About this role Want to elevate your career by being a part of the world's largest asset manager? Do you thrive in an environment that fosters positive relationships and recognizes stellar service? Are analyzing complex problems and identifying solutions your passion? Look no further. BlackRock is currently seeking an Operations Analyst to become part of our team. We recognize that strength comes from diversity, and will embrace your rare skills, eagerness, and passion while giving you the opportunity to grow professionally and as an individual. We know you want to feel valued every single day, and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. We have an extraordinary responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Come join our team and experience what it feels like to be part of an organization that makes a difference. Team Overview Technology & Operations (T&O) coordinates the firm's worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third party provider networks. Global Investment Operations (GIO), a function within T&O, is responsible for the development of the organization's operating infrastructure to support BlackRock's investment businesses worldwide. GIO spans Trading & Market Documentation, Transaction Management, Collateral Management & Payments, Asset Servicing including Corporate Actions and Cash & Asset Operations, and Securities Lending Operations. GIO provides operational service to BlackRock's Portfolio Managers and Traders globally to ensure we provide better service to our end clients Transaction Management Team handles the affirmation, confirmation and settlement of transactions with counterparties and custodians. General functions include the research and resolution of exceptions and DK’s, communication of trade details and allocations to counterparties, custodians and fund accountants, and processing of TBA allocations. Day to day management of broker/dealer and custody relationships is a key focus as well as fostering globally consistent trade confirmation and processing, enhancing operational control and reporting, eliminating risk and servicing internal and external constituents to re-affirm expectations and deliver superior client service.

Requirements

• 1 to 2 years experience preferably in global Investment Management and Investment Banking firms
• BS/MBA in business, finance or related field
• Previous experience within a global organization preferred
• Understanding of financial markets and related instruments - (Equities, Fixed Income, FX Derivatives, Exchange Traded Futures, SWAPS, Collaterals)
• A strong emphasis on time management in addition to being well organized and detail –oriented
• Great teammate with attention to details, problem solving abilities, and analytical skills
• Ability to multi task and be flexible in terms of working in shifts
• Proficiency in Microsoft Office and an interest in learning new applications
• The ability to perform effectively amid rapid and continual change
• Excellent communication skills to effectively articulate solutions with partners

Responsibilities

• Work with Counter-parties and Custodians to try to resolve Exceptions related to Matching & Settlement of trades in Markets in time
• Work with Custodians to identify all failed trades and the cause of trade failure and work towards resolution of such Fails with Counter-parties, Securities Lending teams and Corporate Actions teams.
• Work closely with Custodians to ensure trades can get settled fully or partially according to the safekeeping positions held in Custodian Accounts
• Capacity to balance multiple tasks simultaneously and adapt to varying shift schedules
• Data analysis enhancing transparency, decision drivers and efficiency
• Ability to evaluate systems, procedures and make recommendations for improvement
• Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts
• Understand upstream processes impactful to the reconciliation and develop ability to correlate the effect of change
• Maintain accurate process documents and train team members to ensure holistic understanding
• Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees