Trade Positions Clearance & Settlement, Associate

About this role

Since 2000 and 2006 respectively, BlackRock has been providing Investment Accounting and Middle Office services. With a client base of 17, we handle approximately $2.7 trillion in assets across 250,000 positions. Our team processes over 300,000 trades and reconciles more than 1 million transactions across 1,700 portfolios annually. To ensure scalability, risk reduction, and exceptional client experience, we have introduced OPS (Outsourced Platform Services).

At the heart of our outsourced services are the functional teams that support our clients’ portfolios, assets & transactions daily.

Team Overview

The GCAS (Global Client Alternative Services) is a core group, under the umbrella of OPS (Outsourced Platform Services) within Tech & Ops, of dedicated professionals who are essential to the investment process by ensuring that all middle office clients’ cash & position data are accurate for processes including investment management, analytics, compliance, and regulatory. The team has a current scope of handling the transactions for Private & Alternative assets. The roles and responsibilities will include actively managing risk and exposure to our clients by ensuring the investment book of record (IBOR) is reconciled with external record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exceptions management, client service, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Role Responsibility

• Demonstrate product and functional knowledge of the loan and private markets to communicate with business, trading counterparties and large/sensitive clients.

• Ability to interpret legal documentation and translate to simpler terms.

• Support the settlement process of loan syndications, secondary loan trades, CLO’s, restructures, privates, infrastructure debt, renewable power, direct lending and trade claims including funding and documentation matters.

• Work with internal and external stakeholders to ensure the accuracy of the Investment Book of Record (IBOR).

• Maintain a solid understanding of all relevant portfolios and deal related documentation to ensure controls are in place and that guidelines are adhered to.

• Participate in team projects to streamline and automate processes and tools to improve efficiency and controls

• Proficiency of vendor systems supporting loans, such as Loan IQ, WSO, Sentry, Geneva, etc.

Experience

The successful candidate will have 5 - 8 years of experience in the loan operations - settlements, reconciliations and closure.

In addition, we are looking for the following qualifications:

• Excellent communication and client service skills.

• Strong performers in a high pace environment with high volume and high-risk transactions with a low tolerance for error.

• Ability to work independently or in a team environment and proactively assume additional responsibilities.

• Able to work in a dynamic team environment with diverse approaches and styles of thinking.

• Highly proficient in Excel and MS application skills

• Knowledge of trading instruments and settlement mechanics

• Strong analytical and organizational skills

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.