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Associate, Cash and Asset Reconciliation

Mumbai, Maharashtra, India
Closing date
21 Mar 2024

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Contract Type
Full Time

Job Details


About this role

Job Purpose:

The GIO Cash Operations Team is a dedicated group of professionals who ensure that all BlackRock cash & events data are accurate for critical processes including investment management, analytics, compliance, and regulatory. Our team provides information services and solutions in support of all BlackRock and BlackRock Solutions businesses. The roles and responsibilities will include actively managing risk and exposure for BlackRock by ensuring the investment book of record reconciled with external providers daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficiency. Possess solid understanding of Trade life cycle. Comprehension of Cash management operations & OD tracking, differential treatments on Corporate actions as per market products of Fixed Income/Equity is important. Understand the role of external parties involved Custodian/Brokers/Market Data providers etc.

Key responsibilities:
  • Ensure reconciliations are effectively completed and troubleshoot any discrepancies, ensure accuracy of published cash.
  • Review cash & income exceptions daily including researching differences, resolving them in an accurate and timely manner.
  • Tasks and their procedures to be accurately followed resulting in appropriate exception investigation and assignment (internal or external) including all follow-ups until the exceptions are resolved. Ensure appropriate escalation protocols are followed, and we are intensifying timely in alignment with increasing age / risk.
  • Establish stake-holder ownership - coordinating with up/down stream teams for Income & Cash exception mgmt. Leading the conversation, formulating plan of action and follow through on action points.
  • Document and provide feedback for custodian/Broker reviews. Push for better service and data and hold our providers accountable to deliver. Escalation to Management for issues that need focus / remediation or if meeting engagement do not meet standards. Instances of delayed reporting, lack of conformity to set standard, latency in response time, delaying exception resolution should be tracked by stake-holder owner and shared on timely intervals.
  • Demonstrate understanding of how daily activities impact KRI volumes and what criteria deems an exception to be high risk and controllable. Be able to articulate impact on the KRIs and quantify how to positively contribute to the numbers through both quantitative and qualitative analysis.
  • Consistent, concise MI to be provided to appropriate audience. Agenda points to be communicated prior to each call with metrics produced to show progress and takeaways aligned with the frequency of the stake-holder engagement.
  • Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts. Review available data reports and look out for trends/activities currently performed manually that can be proposed for enhanced auto match/auto post/autocode rules, also should know methods that will help quantify the impact of proposed automation.
  • Identifying, leading and mitigating operational risks. Raising risk and service issues on a timely basis, ensure issues are called out to management have been properly researched and reviewed. This includes providing details around investigation/steps taken so far, demonstration of engagement with relevant stake-holders and suggesting potential paths to resolution.
  • Understand and adhere to all regulatory requirements impacting the reconciliation process.
  • Understand upstream processes impactful to the reconciliation and develop ability to correlate the effect of change.
  • Strong experience of 5+ years in cash operations/cash recon/exceptions management
  • Understanding of financial instruments with an emphasis across asset classes is preferred.
  • Strong, effective analytical and problem-solving skills.
  • Data Analytics skills preferred including exposure to SQL/VBA/ PYTHON and/or understanding of data science methods & implementation.
  • Organized approach to ensure follow up on outstanding issues and identify appropriate action to be taken.
  • Attention to detail to ensure a high degree of accuracy for all deliverables
  • Excellent verbal, written and communication skills including ability to clearly articulate results of financial analyses as wells as issues to senior management and external parties;
  • Ability to multi-task and balance requests without losing sight of overall objectives and deadlines.
  • Exceptional decision-making skills and ability to communicate effectively with senior management.
  • Ability to work in a team environment and build strong relationships with colleagues and external contacts.
  • Ability to work in a fast paced, rapid changing, deadline driven environment with minimal supervision.
  • Proficient in Microsoft Office products, emphasis on Excel

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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

Job requisition #



About Us

BlackRock’s purpose is to help more and more people experience financial well-being. We serve pension plans providing for nurses, teachers, firefighters, law enforcement and other public and private sector workers, individual investors investing for their own retirement, and institutions such as governments, foundations and insurance companies. Clients turn to BlackRock for the innovative solutions they need when planning for their most important goals. We are passionate about helping those we serve build a strong financial future, so we seek out a diverse range of perspectives and talents to solve their most complex challenges.

While our firm has offices across more than 30 countries, we operate as "One BlackRock:” our people thrive on collaboration, mutual trust and respect, and we inspire each other to collectively raise our game. BlackRock is dedicated to its principles, which include a culture of equity and inclusion, where employees can bring their full selves to every conversation, every day.

Our employee networks

Our global networks are dynamic communities built on shared experiences, intersectionality and allyship. They are culture carriers for the firm, offering employees and allies the opportunity to enhance and shape the inclusive culture to which we aspire. Employee networks are sponsored by senior leaders and are proudly designed by employees, for employees.

The Ability & Allies Network (ABN) provides a sense of community, advocacy, resources and support for all types of disability-related issues within the firm.


2022 Disability:IN Disability Equality Index

BlackRock was recognised as one of the Best Places to Work for Disability Inclusion after scoring 100% on the Disability Equality Index. The index is a joint initiative between the American Association of People with Disabilities and Disability:IN. that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality.

Glassdoor Best Places to Work 2022 – US & UK

This recognition is a result of the feedback provided by current and former colleagues about their experiences working at BlackRock. Ranking #72 in the US and #12 in the UK.

#1 Capital Markets Industry 2023

BlackRock was named one of America’s Most JUST Companies for the 3rd consecutive year, according to Forbes and JUST Capital. We ranked #1 in the Capital Markets industry. The 2023 list of America’s Most JUST Companies celebrates U.S. corporations that outperform their peers in the Russell 1000 on the priorities of the American people – including issues like fair pay, ethical leadership, good benefits and work-life balance, equal opportunity, customer treatment and privacy, community support, environmental impact, and delivering shareholder return. By balancing the needs of all stakeholders, JUST 100 companies demonstrate that profits and purpose can go hand in hand.


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