Trade Clearance / Settlement Associate Job in Gurgaon at BlackRock

BlackRock is hiring for the role of Trade Clearance / Settlement Associate!

Responsibilities of the Candidate:

• Monitor the status of BlackRock's MIFID regulatory reporting, ensuring that BlackRock's reporting obligations are timely and accurate
• Identify MIFID regulatory reporting rejections and drive the resolution of the rejections with the key internal and external stakeholders
• Conduct and complete daily end of day regulatory reporting reconciliations to ensure that BlacKRock's reporting obligations are complete
• Monitor status of executed trades for various securities, cash & derivative instruments to ensure timely confirmation in line with BlackRock standards.
• Monitor trade activity to identify unmatched & failing trades & payments and take necessary action to prevent/resolve all failing transactions and minimise settlement risk.
• Participate and assist in local, regional, and global initiatives, in particular strategic testing initiatives
• Escalate all material risk items (such as large fails/confirmation issues) and service issues to your Team Leader on a timely basis.
• Support the team with any required record keeping, information gathering & reporting.
• Responsibility for fielding day-to-day queries along with inquiries from internal Blackrock groups, problem solving or directing inquiries where appropriate, while providing high quality client service externally and internally.
• Liaise with brokers and custodian banks to resolve issues.
• Ability to meet strict deadlines, function effectively and prioritise multiple tasks simultaneously in a fast paced environment with excellent attention to detail.
• Support colleagues in a regional and globalised team environment
• Assist in the generation and distribution of statistics relating to trade volume, confirmation & fail activity.
• Provide constructive and insightful feedback in relation to counterparty performance for regular reviews

Requirements:

• Willingness to learn the client & investment lifecycle.
• Willingness to learn equity, fixed income, foreign exchange & other cash, security & derivative based instruments & market practice for confirmation & settlement.
• Possess a positive ‘can do’ attitude and methodical yet flexible approach to change whilst taking pride in ownership until completion/resolution.
• Proactively learn systems and the processes behind the theory of what they are completing and display proficiency in those core systems to efficiently solve problems and queries.
• Display confidence in providing solutions to open items or when addressing potential opportunities for process efficiencies
• Take responsibility for completion of tasks and projects from inception to completion on both a daily and ad hoc time scale
• Demonstrate excellent communication and interpersonal skills when dealing with global contacts
• Time management and prioritisation skills
• Display a proactive and aspirational attitude to building a career in the investment management industry
• Maintain competence for role through on going participation in BlackRock training initiatives.
• Competent in all Microsoft office applications and in particular Microsoft Excel
• Degree level education