Associate, Prime Brokerage Management

About this role

What team will you be on?

BlackRock’s Financing & Financial Resource Management (‘F&FRM’) team sits within BlackRock Global Markets & Index Investments (‘BGM’) which works to advance our investment processes and platform architecture, and ensure we most efficiently engage with other market participants in a collaborative, strategic way. BGM includes Index Investments, Global Trading, Securities Lending, Liquidity, and Financing & Financial Resource Management. 

Why is your role important?

Through cutting edge technology, quantitative techniques, sophisticated models and embedded research, our investment management approach provides superior performance for our clients and is an important part of the BlackRock brand. The Financing & Financial Resource Management (‘F&FRM’) team supports the firm’s levered and alternative products through active oversight across prime brokerage, derivatives and other related financing strategies; managing the cost of borrowing and overall portfolio financing. F&FRM team enables access to capacity for BlackRock’s Investment platform through optimization of dealer risk capital and balance sheet resources. F&FRM is significantly involved in activities such as equity and fixed income financing, Futures Clearing, PB and FCM relationship management, counterparty and liquidity risk management, and trading/financing documentation reviews. BlackRock is seeking an Associate-level candidate.

What will you be doing?

• Develop financial resource analytics enabling transparency, efficiency, and optimization across products and counterparties

• Continuously build upon and improve scalable, systematized processes that enable efficient oversight of financing activities

• Collaborate with internal stakeholders to develop a thorough understanding of market dynamics and BLK positioning, providing timely commentary to support FRM decision making

• Partake in the review of structural solutions, aimed at increasing capacity to support growth, through impact analysis & coordination with stakeholders, while continuously automating analysis where feasible

• Help build out financial modeling capabilities for BlackRock’s resource consumption, integrating capital and liquidity regulations, as well as tracking & modeling banking partners key metrics to better understand their constraints

• Stay abreast of all the latest news that may impact our ability to source capacity from dealers (e.g., regulatory changes, bank restructuring) and provide high level summary to the team

• Collaborate with cross-functional teams to embed generative AI capabilities into existing workflows

• Perform analysis of large data sets comprising of market data, trading data and derived analytics

• Research, document, and test emerging technology with a focus on revenue generation, productivity enhancement, scale enablement, and risk mitigation potential

• Work with multiple investment teams to source financing liquidity across a broad array of investment strategies

• Represent BlackRock’s interests in frequent interaction with Financing counterparties.

• Monitor and negotiate financing rates across multiple counterparties ensuring optimal rates for the lifecycle of trades

• Exhibit detailed product knowledge of financing, equities, equity swaps, convertible bonds, fixed income, repo, futures, and other instruments

• Understanding how to optimize different trading strategies by looking at portfolio financing, cash management, margin optimization, yield enhancement, corporate action optimization and tax implications

What are we looking for?

• Advanced proficiency in Python and SQL required, VBA and Git experience (Aladdin knowledge preferred)

• 2+ years of experience in a technical or finance function

• Strong interest in financial markets

• Proven track record in designing, building, and implementing models and platforms; developing strategies using automated, statistical and machine learning techniques

• Ability to be a self-starter, work independently and proven record in problem solving

• Excellent organizational and problem-solving skills, be able to manage and prioritize a wide variety of concurrent and competing projects

• Ability to communicate well and work collaboratively with a global team across multiple time zones

• Strong relationship management and interpersonal skills

• Educated to degree level at a minimum in Mathematics, Engineering, Statistics, Finance or related discipline(s)

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.