Derivative Operations - Associate

Recruiter
BlackRock
Location
Edinburgh, United Kingdom
Salary
Competitive
Posted
17 Nov 2022
Closes
17 Dec 2022
Ref
17799701
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

What Is Derivative Operations?

The team is responsible for handling, processing and running 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.

What Will You Do?

A BlackRock Derivative Operations Associate will play a meaningful part in an exciting new phase of our f

Derivative Operations Associate-EDI

What Is Derivative Operations?

The team is responsible for handling, processing and running 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.

What Will You Do?

A BlackRock Derivative Operations Associate 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. This will include building important relationships across the organisation, proactively handling risk, improving processes, crafting new data capabilities and working with ground-breaking new technology fit for the future! Above all, you will be part of a collaborative global network of outstanding talent that promotes openness, transparency, inclusion and equal opportunity.

Key Responsibilities

The passion, energy, drive and dedication you bring to learning all aspects of the job will be vital to the success of the wider business. Daily tasks are varied, and could range from confirming trades, moving collateral, ensuring the firm gets paid in a timely manner to helping Portfolio Managers and Trading teams work towards their goals. We also encourage staff to get involved in the many professional networks on offer at BlackRock, which foster regional connectivity and give back to local communities.
  • Implementing thorough Operational risk management standards (Key Risk Indicators / Key Process Indicators) and identifying, communicating, and resolving issues quickly and efficiently.
  • 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.


Experience
  • 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 fluent, has superior analytical skills and can think outside the box
  • 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 entrepreneurial 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.


Additional Qualities

  • Financial Services or Operations experience
  • Knowledge of the Derivative products and post-trade lifecycle (confirmation, collateral management, margin reconciliation, settlement) is desirable
  • Project management skills

unctional evolution! Guided by your manager, you will learn how to set the benchmark in Operational excellence. This will include building important relationships across the organisation, proactively handling risk, improving processes, crafting new data capabilities and working with ground-breaking new technology fit for the future! Above all, you will be part of a collaborative global network of outstanding talent that promotes openness, transparency, inclusion and equal opportunity.

Key Responsibilities

The passion, energy, drive and dedication you bring to learning all aspects of the job will be vital to the success of the wider business. Daily tasks are varied, and could range from confirming trades, moving collateral, ensuring the firm gets paid in a timely manner to helping Portfolio Managers and Trading teams work towards their goals. We also encourage staff to get involved in the many professional networks on offer at BlackRock, which foster regional connectivity and give back to local communities.
  • Implementing thorough Operational risk management standards (Key Risk Indicators / Key Process Indicators) and identifying, communicating and resolving issues quickly and efficiently.
  • 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.


Experience
  • Who We Are Looking For
  • Financial Services or Operations experience
  • Futures, Options, and/or Collateral experience
  • Reconciliation, settlement, messaging, trade support
  • Client or collaborator support experience
  • Technology skilled for any aspect
  • Things like SQL, Python, FIX messaging, Trade Execution Flow, Power BI, Tableau
  • Skill in data
  • Experience working in Global teams and liaison with multiple teams/departments
  • Curious - like to learn new things and outsmart the problem
  • Demonstration of value or impact in role that they were in
  • Project management


Additional - Qualities
  • Candidate must possess and demonstrate a validated understanding of fixed income, equity and derivative instruments as well as finance with the skills and ability to work in a high-reaching and team-oriented environment
  • People management background, ie strong leader
  • Demonstration of growth of diverse teams
  • Demonstration of being able to lead both personal workload and of a team - required
  • Leadership in key ground-breaking projects or vendor integrations - highly desired
  • Illustration of organization skills - desired
  • Experience managing function/processes, oversight of risk, team plans


Other
  • Any other unique skills or backgrounds to bring to table


Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.

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