Wednesday, 13th March 2024, Job by BlackRock uk, GreenTodays :
Job Summary
- Published on: Wednesday, 13th March 2024
- Designation: Transition Services Associate
- industry: Miscellaneous
- Vacancy: 1
- Employment Status: Full-time
- Job Location: Abingdon
- Salary: 0
- Gender:
- Application Deadline: Wednesday, 13th March 2024
Job Description
Business Unit Overview:The Transition Services function provides operational support for BlackRock’s Transition Investment Management Team who manage revenue generating client portfolio restructure events in the US, EMEA & APAC regions. The team also provides a crucial role in supporting new client business wins across multiple investment strategies for the firm, including BlackRock product driven and strategic projects.Job Purpose/Background:The successful individual will work within an established team in Edinburgh. The team is responsible for facilitating cash and free-of-payment security transfer activities, in-kind contributions and redemptions for Collective Trust Funds, stand alone accounts and Retail Funds. Coordinating these various activities will see the successful candidate work in a “project manager” style in order to ensure the transition event is completed within the scope and timeframes required. The function is positioned within the Business Operations – Global Investment Operations – Transaction Management function.Key Responsibilities:Liaison with custodians and other fund management houses to ensure BlackRock has accurate information for client portfolios during the transition process to enable a smooth and timely event completion.Update of BlackRock internal systems to reflect security and cash transfers.Provision of instructions to Custodians, Fund Accountants and Transfer Agents to execute position movements, as required.Provision of information, and assistance, to Transition Managers and other Portfolio Managers to enable them to manage client investments in a risk controlled and efficient manner.Monitoring the settlement of free-of-payment trades and cash movements on client and Collective Trust Fund accounts.
Responsibilities + Skills
Creative individual, who possesses a passion for problem solving, is numerically proficient, has outstanding analytical skills and can think creativelyPossess a results-oriented drive and technical insight to identify control gaps and drive operational improvement initiatives.
Education
Meaningful proven experience in the transitions or custody industry and/or BS/BA in Finance, Accounting, Economics or a related fieldExcel Intermediate levelSelf starter who enjoys operating in a fast-paced, high-intensity environment, who is capable of working as part of a distributed team.
Experience