Cash and Asset Reconciliation Team Leader

  • Not Specified
  • Edinburgh, Scotland, United Kingdom
  • Permanent, Full time
  • BlackRock
  • 18 Feb 18 2018-02-18

BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that

BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of December 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at | Twitter: @blackrock_news | Blog: | LinkedIn:

Job Description:

Business Unit Overview:

Global Investment Operations is a centralised group dedicated to ensuring that all information required for the investment management process including positions, security data, pricing, risk, cash, net asset value (NAV), assets under management (AUM), performance and compliance are delivered to BlackRock internal teams consistently, accurately and on a timely basis.  

The Global Cash and Asset Services team provides cash expertise to other GIO teams and beyond, is responsible for the on-boarding and restructuring of funds, new fund launches, new products or entry into new markets.  Cash Services acts as the primary interface for a number of internal stakeholder groups for the execution of change, facilitates the oversight of custodian relationships on behalf of GIO groups, assists with client due diligence and implementation of Aladdin for BRS clients and is also central point of contact for Portfolio Managers in relation to cash related inquiries. 

The EMEA lead is responsible for management of the Portfolio Modelling & Implementation (PMI) team’s daily processes and a group of 3 members. This includes sign-off on daily reports and control checks and allocating workflow amongst the team.  People management includes coaching and development, leading and motivating, and performing 1-1s, mid-year and year-end staff reviews.  The team lead will provide support to stakeholders, act as a point of escalation for inquiries, track issues and coordinate action plans to address.  Additionally, the EMEA lead is responsible for aligning the team with initiatives impacting the broader group, including process enhancements, control reporting, and audit requirements.

You will be responsible for a general understanding of the operating models within the broader Cash and Asset Ops team. You will work in partnership with the Cash and Asset Ops Leadership Team by attending stakeholder meetings. You will identify areas for improvement in scalability and service level, in order to help mitigate risk. You will build relationships with internal stakeholders and service providers and work to ensure smooth implementations

Key Responsibilities:

  • Participate as the Cash and Asset Reconciliation stakeholder on prefunding calls
  • Management of a team of 3 professionals
  • Serve as point of escalation for implementation-related inquiries
  • Boot go-live portfolios on Aladdin, populate account attributes
  • Confirm basic portfolio functionality
  • Confirm SWIFT/FTP and website connectivity
  • Confirm provider contact
  • Update appropriate port groups
  • Verify STIF/sweep set-ups
  • Sign off on daily control checks
  • Monitor and allocate team workflow via the Dashboard and team mailbox
  • Identify opportunities for process improvement
  • Create action plans to ensure issues are identified are remediated
  • Ensure team is adequately cross-trained
  • Reinforce a globally consistent process in partnership with the US lead; ensure documentation is in place for BCP/audit purposes

Development Value:

  • Gain exposure to multiple facets of the investment process
  • Provides the ability to develop and extend networking opportunities through stakeholder engagement and multiple touchpoints
  • Exposure to execution of change activities, providing variation in the role
  • Fostering of personal and technical growth by working with a supportive management team keen to help staff reach their career aspirations
  • Team is tiered and structured allowing for personal growth, development and promotion


  • Experience in Business Operations and expertise in the Aladdin Suite of products
  • Experience with managing relationships and delivering to within deadlines to stakeholders
  • Familiarity with different financial products and account structures


  • Candidates should be proactive, organised, risk-averse, and focused on scalability
  • Possess strong interpersonal skills with ability to communicate constructively at all levels
  • Strong analytical and problem-solving skills with the ability to synthesize information and summarize issues at a high level
  • Process oriented - effectively review, comprehend and provide recommendations based on best practice
  • Comfortable operating within deadlines
  • Ability to effectively manage workflows, multi-task and re-prioritize when needed  
  • Advanced Excel and SQL experience preferred

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, disability, veteran status, and other statuses protected by law.