Analyst, Product Control and Solutions

About this role

Company Description

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.

HPS was established in 2007 as a unit of Highbridge Capital Management, LLC (“HCM”), a subsidiary of JPMorgan Asset Management (“JPMAM”). On March 31, 2016, the senior executives of HPS acquired HPS and its subsidiaries from JPMAM and HCM (the “Transaction”). Following the Transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022. In June 2018, affiliates of Dyal Capital Partners made a passive minority investment in HPS. In February 2022, an affiliate of The Guardian Life Insurance Company of America made a passive minority investment in HPS, which was subsequently increased in August 2024. On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the “HPS/BlackRock Transaction”).

The HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit (“PFS”) led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets.This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally, offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions. As part of the HPS/BlackRock Transaction, Scott Kapnick, Scot French, and Michael Patterson have joined BlackRock’s Global Executive Committee, and Scott Kapnick has been appointed as an observer to the BlackRock Board.

Position Description

HPS is seeking to recruit an Analyst to join the Product Control & Solutions team. The role focuses on ensuring accurate financial reporting, mitigating operational risk, and supporting process improvement initiatives across the firm. The candidate will act as a trusted point of contact and resource for various high impact reconciliations, while collaborating with technology teams to enhance workflows.

Responsibilities                                                                                                                                                                              

Specific responsibilities will include but not be limited to the following:

• Perform reconciliation of Fee Basis Invested Cost (FBIC) and Profit & Loss (PnL) with administrators; Investigate discrepancies and escalate issues as needed; Contribute to the enhancement of the process
• Maintain and monitor various operational risk alerts to identify booking errors or anomalies; Contribute to the creation of additional alerts, while also improving the existing ones
• Conduct independent investigations in respective accounting systems (VPM or FM3) and escalate findings appropriately
• Compile and distribute the daily flash report firmwide, highlighting return metrics and significant PnL swings; investigate large movers (contributors and deflectors as well as portfolio level activity)
• Support End-of-Day (EOD) review processes to identify booking issues and coordinate resolution; maintain high impact trackers to capture operational risks and present the findings to the Global Head of Operations Monthly
• Liaise with multiple internal groups such as accounting, middle office, asset management to resolve open queries and perform additional responsibilities as required to support team objectives.
• Collaborate with technology teams on automation and workflow enhancements; Execute User Acceptance Testing (UAT), including scenario testing and error resolution before production release
• Manage inbox and follow up on flagged issues to ensure timely resolution

Candidate Profile

• Graduate with a bachelor’s degree in finance, Accounting or business-related field
• 1-3 years of experience in financial services industry
• Background in middle office or product control functions; settlements and accounting experience is a plus
• Strong understanding of cash and par reconciliation with custodians or administrators
• Familiarity with bank debt, equity, and fixed income products
• Experience implementing or supporting process improvement projects
• Strong excel skills (Pivot, vlookups, sumifs) and outlook
• Proficiency with systems such as Aladdin FIS VPM accounting system, Indus Valley Partners (IVP) products, ClearPar, HIS Markit or Bloomberg is a plus
• Strong interpersonal and communication skills
• Ability to work independently with attention to detail and proactive problem-solving
• Ownership mindset for daily reconciliation activities

Location

• Mumbai, India

Employment Type

• Full-time, Exempt

Hybrid Work Schedule and Shift Timings

• 4/1 split
• This role requires working a late shift to support stakeholders across EMEA and US time zones (e.g. 2 PM to 11 PM or 3 PM to 12 AM)

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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 | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.