Trade Clearance and Settlement, Associate

Technology & Operations

Technology & Operations(T&O) is responsible for the firms 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)fuinction within T&O is responsible for the development of the firms operating infrastructure to support BlackRocks 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 BlackRocks Portfolio Managers and Traders globally to ensure we provide better service to our end clients

Team Overview

Transaction Management Team is responsible for the affirmation confirmation and settlement of transactions with counterparties and custodians. General functions include the research and resolution of exceptions and DKs 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.

Role Responsibility

• Work with Counter-parties and Custodians to try to resolve Exceptions related to Matching & Settlement of trades in Markets in time

• Ensure clear communication and transparency ability to prioritize to meet teams objectives

• 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 with Custodians to make sure trades can get settled fully or partially based on the safekeeping positions available with Custodian Accounts

• Ability to multi task and be flexible in terms of working in shifts

• Demonstrates flexibility and resourcefulness when faced with business challenges or obstacles

Experience

• 4 to 6 years experience preferably in global Investment Management and Investment Banking firms

• BS/MBA in business finance or related field

• Previous experience of working in 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

• Team player 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 aptitude for learning new applications

• The ability to perform effectively in an environment of rapid and continual change