About this role
Team Overview
Technology & Operations (T&O) is responsible for the firm's 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), a function within T&O, is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. Professionals hired into this role will become intimate with all operational flows and operational processes, including architecting operational solutions and managing relationships with portfolio managers and traders, our end clients, brokers, custodian banks, fund accountants, administrators and more.
The Derivative Operations team is responsible for handling, processing and managing BlackRock's Derivative activity, which includes Trade Confirmation, Clearing and Collateral Management of ETD and OTC products. The Derivative Operations philosophy is anchored on BlackRock’s cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through this lens we strive to build value for our clients by understanding their needs, the markets, and using technology to create optimized solutions.
A BlackRock we are looking to hire a Derivative Operations Analyst who will play a meaningful part in an exciting new phase of our functional evolution! Guided by your manager, you will learn how to set the benchmark in Operational excellence. Above all, you will be part of a collaborative global network of exceptional talent that promotes openness, transparency, inclusion and equal opportunity.
What You Will Do
Daily tasks are varied, and could range from confirming trades, moving collateral, ensuring margin gets paid in a timely manner to helping Portfolio Managers and Trading teams achieve their objectives.
Enforcing rigorous Operational risk management standards (Key Risk Indicators / Key Process Indicators) and identifying, communicating and resolving issues quickly and efficiently.
Take ownership of exceptions from start to finish by investigating exception root causes, partnering with internal/external teams to take corrective actions and following through until resolution is achieved
Review and challenge of existing procedures to improve and rationalize where possible in response to a frequently changing environment and requirements.
Developing technical expertise through on the job training and self- learning, with active participation in Technology and Operations meetings encouraged. This may involve presenting ideas, contributing ideas, problem solving, or helping ensure strategic projects remain on track.
Building strong relationships with internal and external partners, ensuring BlackRock’s value proposition, technology roadmap and industry position is communicated and supported. Participate in regular reviews to ensure BlackRock receives outstanding levels of service from all third-party providers.
What You Will Need
Required experience level should be between 1-4 years.
A self-starter who enjoys operating in a fast-paced, process driven environment, and can work in a distributed team.
Numerical proficiency, outstanding analytical skills and a passion to solve problems.
An entrepreneurial drive coupled with an overwhelming desire to go above and beyond to improve processes, systems and services.
An excellent communicator, capable of articulating complicated issues in a simplistic manner.
Natural curiosity, with a passion for learning about financial markets and new technology.
Candidates from a diverse range of backgrounds who show the right aptitude, attitude and desire to learn, and are capable of developing deep levels of technical expertise in this area will be considered.
Who You Will Ideally Be
Curious - You are an innovative thinker, constantly looking for ways to skilfully adjust and optimize processes. You care about the quality of your input and have a clear understanding of your end goal, bringing people on the journey in an effective way
Driven - You are a self-starter with energy and influencing skills, motivated to take the initiative and achieve goals. You understand the impact of contributing within cohesive, dynamic team. You are decisive, and passionate about solving difficult issues
Adaptable – You are flexible and resilient to solve sophisticated problems in a dynamic, fast paced environment with the ability to multi-task to meet deadlines
Growth Mindset – You will strive to enhance your skills and knowledge on a regular basis, challenging yourself to grow through challenges and experiences. You will take emotional ownership and responsibility to your own objectives through to successful completion.
Collaborative – You foster strong internal and external relationships, with a focus on inclusion, collaboration and client service. You communicate appropriately to different audiences.
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.