Analyst/Associate, Business Manager

Job Description

About this role

The Cash Management Group (CMG) at BlackRock offers a wide range of products and custom solutions to fit clients’ needs that includes: securities lending, cash collateral, sweep activity and separate accounts. BlackRock’s cash management style is crafted to meet each client’s objectives of capital preservation, liquidity and yield – in that order.

BlackRock and its predecessor companies have been involved in the management of Money Market Funds (MMFs) since 1973, and today, CMG is a business division within BlackRock’s Portfolio Management Group (PMG) as one of the world’s largest providers of cash management solutions to institutional and retail investors, managing approximately $703 billion (as of 3/31/2021) in cash assets globally. CMG’s success within the liquidity management industry has come as a result of earning the trust of our clients through multiple interest rate cycles and a wide variety of market events as opposed to solely generating the highest yields.

Today the CMG provides solutions either directly or through intermediary partners for institutional and retail clients in more than 60 countries. This includes corporations, pension funds, foundations, endowments, official institutions, insurance companies, sub-advisory relationships, high net worth individuals, family offices, private banks, traditional and alternative investment managers.

We are looking for an analyst/associate within the Business Management team, to be responsible for providing direct support to CMG’s Global Chief Operating Officer (COO)! The analyst will be working across the global Cash business on projects and initiatives that are specific to BlackRock’s money market complex and platform, as well as keeping current on regulatory and market changes that require a change in structure, systems, reporting and client communication. In addition, as Business Manager of this sector, you will be helping to handle the risk platform within the Cash Management business. This position requires the ability to work with members of Cash Portfolio Managers and Sales, Legal, Compliance, Aladdin Product Group and others across BlackRock to improve existing procedures, develop new processes and products and to think critically and creatively about driving the Cash business.

Primary responsibilities will include:

• Support the Cash Leadership in providing operational, analytical and platform management support to this growing, fast-paced business.
• Coordinate and lead key technology, operational and critical initiatives across the global business.
• Responsible for ensuring compliance with all industry and regulatory requirements related to, for example, SEC Rule 2a-7 and UCITS regulations.
• Project management on strategic projects in partnership with Cash Leadership and business partners such as Technology, Portfolio Management, Legal & Compliance and Operations.
• Drive transformation of the Cash Management trading platform through improvements to trading processes and portfolio management systems.
• Support and execute operational improvement initiatives across Global Cash to improve controls, mitigate risks, manage costs and increase efficiencies.
• Partner with Relationship Managers, Portfolio Managers and Product Strategists regarding fund and customized opportunities to determine appropriate solutions.
• Support in the development, communication and execution of long-term strategic vision and growth targets.
• Build and maintain close relationships with members of other BlackRock businesses and broader market participants in order to ensure the best execution and to enhance the reputation of BlackRock Cash Management.

Skills:

• 2+ years of experience within financial services with a focus on technology.
• Experience with the trading platform, portfolio management tools and risk reporting.
• Bachelor’s degree in business or computer science.
• Awareness of risk situations and proven track record to adhere to procedures to ensure risk mitigation.
• Excellent analytical skills – ability to synthesize and analyze large quantities of data to create useful information and concise analyses, including expertise with Excel and SQL.
• Outstanding communications skills (both written and verbal), including proficiency in Powerpoint.
• Reliable and trusted teammate; ability to work with people of all levels.
• Strong project management and problem-solving skills.
• Intellectually curious with the ability to take initiative and deliver results in a complex environment.
• High level of self-motivation, with strong integrity & ethics.

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.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | 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.