BlackRock Securities Lending Payments Reclaims Analyst - DEL | BlackRock in Wilmington, Delaware
Securities Lending Payments Reclaims Analyst - DEL | BlackRock
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Securities Lending Payments Reclaims Analyst – DEL
Investment Operations – Investments
BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients—period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.
That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges.
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? Is accuracy, risk mitigation and analytics within the financial sector your passion? Look no further. BlackRock is currently seeking a Securities Lending Income Reclaim 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. With over USD $6 trillion of assets 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.
The Securities Lending Income Reclaims Team is a dedicated group of professionals who ensure that all income related to BlackRock Securities Lending is claimed, received, and accurately credited in a timely manner. Sec Lending is one of the largest generators of revenue for BlackRock and plays a key role in the continued success of BlackRock including supporting the continued business growth, managing the control environment and reducing risk, increasing efficiencies and strengthening relationships with our internal and external clients. Sec Lending is responsible for coordinating with counterparties, custodians, and internal teams in order to confirm and validate income across multiple currencies and financial products.
As a Sec Lending Analyst, you will be actively handling risk and exposure for BlackRock by ensuring BlackRock’s dividend accruals are in line with external record holders daily. You will gain a full understanding of the mechanics of loan positions/trades, confirming entitlement, claiming income, exception management, troubleshooting issues, and driving creative improvements. You will perform income claims, submit payment preadvice, maintain documentation, assist management in leading processes, and recommend improvements to ensure efficient and accurate processes. Sec Lending plays a prominent role in the lifecycle of a trade, using BlackRock’s proprietary platform Aladdin to ensure operational consistency and client fiduciary responsibilities. Core responsibilities include:
Ensuring income is successfully claimed and paid with the ability to troubleshoot discrepancies
Reviewing open income daily including researching differences and resolving them in an accurate and timely manner
Confirming accuracy of BlackRock accruals as well as income credited by custodians.
Data analysis enhancing transparency, decision drivers and efficiency
Collaborating with internal/external partners to ensure issues are being appropriately reviewed and progressing to completion
Developing expertise around team control mechanisms and reporting
Identifying and coordinating critical issues of concern
Actively participating in all team meetings including review of key risk and process indicators
Understanding and adhering to all regulatory requirements impacting the reconciliation process
Evaluating systems and procedures and making recommendations for improvement
Participating in various efficiency and capacity-building initiatives, including automation/ standardization efforts
Understanding upstream processes impactful to the reconciliation and develop ability to correlate the effect of change
Maintaining accurate process documents and training team members to ensure holistic understanding
Accurately recording metrics related to responsibilities enabling management to have a view of team productivity and efficiency
To ensure success you will have the following qualifications:
Bachelor’s degree – concentration in Accounting, Finance, Business, Economics or Computer Sciences is preferred
Understanding of financial instruments with an emphasis on derivative products is preferred
Strong, effective analytical and problem solving skills
Data Analytics skillsets preferred inclusive of coding (VBA, SQL, PYTHON) and/or understanding of data science methods & implementation
Organized approach to ensure follow up on unresolved issues and identify appropriate action to be taken
Attention to detail to ensure a high degree of accuracy for all deliverables
Excellent communication skills to effectively articulate solutions to internal and external partners
Ability to multi-task and balance requests without losing sight of overall objectives and deadlines
Extraordinary decision-making skills and ability to communicate effectively with senior management
Team-player with shown ability to build strong relationships with colleagues and external contacts
Takes ownership and accountability seeing process or issues from beginning to end
Thrives in a fast paced, rapidly changing, deadline driven environment
Expertise in Microsoft office products with shown strength in Excel
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock at https://twitter.com/blackrock | Blog: www.blackrockblog.com at https://www.blackrockblog.com/ | LinkedIn: www.linkedin.com/company/blackrock .
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
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BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer. We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEO is the Law poster here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf and its supplement here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf . The pay transparency policy is available here at https://www.dol.gov/ofccp/pdf/pay-transp_formattedESQA508c.pdf .
BlackRock is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to Disability.Assistance@blackrock.com and let us know the nature of your request and your contact information.