Elevate your career by joining the world's largest asset manager! Would you thrive in an environment that fosters positive relationships and recognizes outstanding performance? We know how meaningful it is to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over $10 trillion of assets, we have a significant 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.
Blackrock is recruiting for an associate in our Singapore office in the Transaction Management team. Our Global Transaction Management team has primary operating centers in Edinburgh (UK), Delaware (US), Gurgaon (India) and Singapore. The team is responsible for the post execution process across products including Equities, Fixed Income, FX, Derivatives and Money Markets. As an integral part of the broader Global Investment Operations group, Transaction Management works closely with partners in Securities Lending, Corporate Actions and Cash & Asset Reconciliations. Our vision is to become a data driven, volume agnostic, commercially agile middle office platform.
The Transaction Management role involves working closely with a cross section of internal partners including, Trading Desk, Portfolio Managers and other key partners to accurately and effectively manage transactions. You will be act as a liaison with BlackRock’s Global Custodian and Broker network with the target of seamless trade settlement.
Objectives:
• Confirmation and affirmation of Derivatives, Securities, Money Market and FX Trades (using Swift, Third-party platforms, FIX etc)
• Daily collaboration with external brokers and custodian to resolve transactional disputes and settlement related issues.
• Work in partnership with various Global internal stakeholders, including Operations, Portfolio Managers and Traders in relation to transactions or process flows.
• Participate and support discretionary and non-discretionary projects to enhance efficiency and to keep up with market changes.
• Review and maintain accurate and up-to-date procedures for the team.
• Follow established procedures and perform appropriate controls while exercising good judgement in managing risk and following escalation procedure.
• External provider management including dealing with Brokers, Custodians and Vendors.
Skills and Preferred Qualifications:
• Bachelor’s degree in related field (preferred but not required).
• Minimum of 5 years’ experience in a Trade Operations or an Investment Operations / Global Custody role.
• Understanding of financial markets and related instruments such as Equities, Fixed Income, FX Derivatives, Exchange Traded Futures, Swaps and Collateral.
• Strong analytical and problem-solving skills.
• Strong client and partner service orientation.
• Strong control / risk mitigation attitude; ability to apply judgement as to when to raise issues.
• Excellent communication skills (written and verbal) to work directly with clients and across all levels of staff and management.
• Ability to work effectively in a dynamic environment.
• Focus on continuous improvement and process innovation.
• Data Analytics skillsets preferred; coding knowledge (VBA,SQL, PYTHON, RPA) will be a plus.