Quality Assurance jobs in United Kingdom

# **Retrocession Oversight, Associate**## at### **Description**About this role BlackRock is a pre-eminent asset management firm and a best-in-class provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock offers a range of solutions — from fundamental and quantitative active management approaches sought at improving outperformance to highly efficient indexing strategies crafted to gain broad exposure to the world’s capital markets. At BlackRock, we strive to empower and engage our employees for everyone's success. With over USD $13.5 trillion of assets, we have an outstanding responsibility: our technology and services provide millions of investors to save for retirement, pay for college, buy a home, and improve their financial well-being. Experience what it feels like to be part of an organization that makes a difference! Team Overview Technology and Operations (“Tech Ops”) supports the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. Tech Ops establishes and coordinates operational procedures internally and externally with clients, custodians, accounting agents, prime brokers, broker-dealers, and other vendors, as well as strengthen BlackRock's relationships. Transfer Agency Services (TAS) is a unit within Tech Ops. Our ideal candidate will be familiar with financial control processes and data analysis in Excel. As a member of the team, you will be responsible the validation and processing of retrocession payments for the BlackRock EMEA fund ranges, and ensuring they meet the contractual obligations agreed upon with our clients. This will include the below key activities: Oversight of our third party transfer agents setup of retrocession agreements and fee terms are in line with BlackRock instructions, and service level agreements (SLA) are adhered to. Review retrocessions calculations for accuracy by adherence to standard methodology and provide assessment commentary for outliers to mitigate risk. Ensure payments adhere with BlackRock policy and are approved in a timely manner. Process various non-standard manual adjustments, invoice payments and Ad-Hoc payments Ensure retrocession payments are processed in accordance with CASS client money regulations. Co-ordinate with internal partners and external transfer agents to ensure any new share classes or fee changes are incorporated into retro terms. Assist in providing required documentation and query responses for all internal, external, and SOX audits. Assist with reporting Key performance indicators, Key Risk indications and reporting for senior management. Provide feedback and suggestions for continuous improvement. Assist in driving forward internal team initiatives and projects through utilising technology and automation. Experience: Minimum 2-5 years of professional experience Prior asset management or audit experience useful but not required. Microsoft Office experience, including strong Excel knowledge a must. Professional Qualification beneficial Relevant Skills: Attention to detail, strong analytical skills, and ability to prioritize the most critical business issues. Strong organizational, planning and time management skills including ability to function effectively within a fast-paced environment. Effective collaboration skills and experience of working cross-functionally within our broader team. Intellectual curiosity and the desire to take initiative and deliver results. Report on progress to the manager, raising any obstacles that may prevent you delivering on your agreed workload. Look for any opportunities to improve business processes and technology tools, with a lens on risk management and mitigation. Engage and maintain relationships with key partners in Tech Ops and across the firm to effectively navigate the global organization. Provide exceptional client service through quick and complete response to internal/external client queries. Our benefits To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 | : BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law. BlackRock's purpose is to help more and more people experience financial well-being. As a global investment manager and a leading provider of financial technology, our clients—from grandparents, doctors, and teachers to large institutions—turn to us for the solutions they need when planning for their most important goals. People join our firm from around the world to gain real-world experience while making an impact. Discover how you can have a career at BlackRock that's exciting, rewarding and full of possibilities.## **What we do**BlackRock is trusted to manage more money than any other investment manager in the world, helping millions of people and the world’s biggest institutions and governments reach their investing goals. We challenge businesses to reach higher standards by leading with purpose and promoting policies and practices that support long-term value creation. We use technology to think beyond what’s possible and bring greater transparency to investing while democratizing access.Our promise to our clients is to deliver products and services that provide clarity on the financial markets to help influence better investments decisions. That’s why investors of all kinds come to us for help.## **What we stand for**BlackRock’s long-term success depends on our ability to fulfil our mission of creating better financial futures for our clients. As we pursue that mission, we are guided by our culture and a set of principles that ensure we never forget what we stand for – to help more and more people experience financial well-being. That is our ultimate purpose.Our principles describe how we work, and our purpose explains the reason we exist. Our dedication to this cause