Payments & Claims, Analyst
- Primetrace
- 1 - 3 years
- Mumbai
- 3 months ago
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Job Description
About this role
Overview:
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), function 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.
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 DK s, 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.
Key Responsibilities:
- Work on settlement of Market claims resulting due to failing Equity & Fixed DVP trades in the market with the counterparties.
- Work with Custodians to identify the Market claim accrued on the back of failing trade is valid by investigating the event/trade details and work towards resolution.
- Investigate the open exceptions related to Market claims are valid by checking on the trade details and validating with custodian where Brokers do not recognize the Market claims.
- Manage Broker and Custody relationship, weekly calls to monitor the progress and the outstanding exposure
- The role involves working with several internal teams - Settlements, Corporate Actions, Cash Reconciliation, PMG etc.
- Demonstrate a comprehensive understanding of daily activities and their impact towards the KRI volumes and what criteria determines to be of high risk. Be able to articulate the impact on KRI and contribute strategic initiatives in reduction in the number of open items.
- Document and provide feedback for Broker/ Custodian reviews, push custodians for better service and providing good quality data. Timely escalation to the management for issues that need immediate attention or focus to resolution on concerning issues.
- Adhere to procedures accurately resulting in appropriate investigation and settlement of outstanding Market claims including timely follow-ups with brokers and custodians ensuring resolution.
- Involvement in testing enhancements being made to existing applications, providing inputs to Technology teams to refine workflow
Skills Required:
- Strong 1+ 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
- Strong, effective analytical and problem-solving skills
- Ability to multi-task and balance requests without losing sight of overall objectives and deadlines. The ability to perform effectively in an environment of rapid and continual change
- Ability to work in a team environment and build strong relationships with colleagues and external contacts.
- Proficiency in Microsoft Office and an aptitude for learning new applications. The ability to perform effectively in an environment of rapid and continual change.
- 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.
- 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
Job Classification
Industry: Financial ServicesFunctional Area / Department: Data Science & AnalyticsRole Category: Business Intelligence & AnalyticsRole: Business AnalystEmployement Type: Full timeContact Details:
Company: PrimetraceLocation(s): Mumbai+ View Contact
Keyskills: Claims Corporate actions Collateral management Fixed income Reconciliation Healthcare Swaps Investment banking Investment management SQL
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