Derivative Operations Analyst - BDP

Job Description

About this role

The Clearing and Collateral Management process attempts to minimize BlackRock’s counterparty exposure created by the build-up of unrealized profit and loss (P&L) on Over the Counter (OTC) and Exchange Traded Derivative transactions. Every single day, cash and non-cash collateral is moved between BlackRock and our counterparties and Clearing Members to ensure that in the event of a default, BlackRock is compensated for the costs of re-establishing our positions at the prevailing market rate.

The Clearing and Collateral philosophy is anchored on BlackRock’s cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through that lens, we strive to build value for our clients by understanding their needs, the markets, and using technology to build outstanding solutions.

Key Responsibilities

• Help build a culture of openness, inclusion and proactive engagement at all levels, developing a “bottom up” approach to problem solving that favors creative, data driven, “outside of the box” solutions.
• Learn to enforce to stringent Operational risk management targets (Key Risk Indicators / Key Process Indicators), working with your manager to resolve and raise aged or high value items.
• Become a technical expert by actively participating in Technology / Operations meetings, collating and presenting issues requiring remediation and helping ensure strategic projects remain on track.
• Develop positive relationships with external providers, ensuring BlackRock’s value proposition, technology roadmap, industry position is effectively communicated and supported.
• Participate in regular reviews to ensure BlackRock and our clients receives outstanding levels of service from all third-party providers.

Who We Are Looking For

• Will be a self-starter who enjoys operating in a fast-paced, high-intensity environment, who is capable of working as part of a global team.
• Will be a creative individual, who possess a passion for problem solving, is numerically proficient, has outstanding analytical skills and can think creatively
• Will have a deep interest in data, metrics, analysis and trends but also an ability to think strategically and keep sight of the bigger picture.
• Will possess an ambitious drive and technical insight to identify control gaps and drive process improvement initiatives.
• Will be an excellent verbal and oral communicator, capable of articulating complex problems in a simplistic manner.

Technical Expertise:

• Candidates from a range of backgrounds who show the right aptitude, attitude and desire to learn, and who are capable of developing a deep technical expertise in this area will also be considered.
• A “Student of the Markets” attitude: Intellectually curious with a passion for learning about the global financial markets and the investment management business.
• Natural standout colleague able to work in an innovative, ambitious, and fast paced environment.
• Excellent verbal and written communication skills combined with agile critical thinking and a problem solving mindset.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of December 31, 2019, the firm managed approximately $7.43 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock |

Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.