Trade Clearance/Settlement, Analyst

About this role

Technology & Operations

Global Accounting and Product Services: Alternatives Operations supports BlackRock Alternative Investments ("BAI") and over $140B of assets globally. BAI takes a dynamic approach to alternative investments, creating investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with low correlations to the broad equity and bond markets, including private equity, real estate equity and debt, hedge funds of funds, single strategy hedge funds, long-only absolute return strategies, commodities and structured products. Our alternative investment capabilities are fully integrated into BlackRock, allowing investment teams to capitalize on the firm’s considerable resources in areas such as risk management, product development, client service and operational support.

Team Overview

We are looking to add a team member to our GATs team(Equity/Credit). The core focus of the team is to provide consistent data capture related to alternative products and investments, and dissemination of the data to various downstream consumers. The GATS team is responsible for settlements, amendments/restructures and documentation globally and strives for superior client service. The team coordinates, initiates and builds processes for new/non-standard transactions.

Role Responsibility

Technical Expertise:

Credit:

• Demonstrate product and functional knowledge of the syndicated loan and privates’ market to communicate with the business, trading counterparties and large/sensitive clients.

• Preferably 2-5 years’ years of understanding the intricacies of the loan market and documentation driven transactions.

• Ability to interpret legal documentation and translate in the simplest 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 Custodians on timely funding/receipt of wires and delivery of physical certificates.

• Liaise with Administrative Agents, Borrowers and Legal with regards to KYC documentation, including administrative details, tax and fund formation documents.

• Working knowledge of the maintenance and distribution of loan documentation inclusive of private and public amendments/ restructures and voting requirements with settled and trade date positions.

PrivateEquity

• Provide onboarding support for the data capture of alternative products and investment types, which includes sourcing data from legal documents and received from third parties, and coordinating input of data into internal systems.

• Assist in the design of the onboarding of alternative products and investments process, including design of investment/trade, cash management, valuation, PnL recognition and reconciliation processes and related system implementation.

• Assist in trading support and execution functions for private investment funds, including monitoring internal and external teams to ensure accurate and timely execution.

• Work with external service providers, internal team members and other BlackRock groups to transmit and receive product and asset related data, and resolve operational issues, as identified;

• Prepare process documentation and controls for the team’s core responsibilities, and ensure they are updated and reviewed regularly.

• Participate in other group projects and initiatives.

Experience

The ideal candidate will have 2-5 years’ experience in the fields of finance, operations, accounting and/or administration with a focus on Loan Instruments. A master’s degree or equivalent experience in accounting or finance is preferred. In addition, we are looking for the following qualifications:

• Proficient in the financial industry in particular Fixed Income, Equity, Privates and Syndicated Loan Instruments

• Excellent communication and client service skills.

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

• Able 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 thinking styles.

• Highly proficient in Excel and MS application skills

• Technology focused with a creative approach

• Knowledge of trading instruments and the settlement mechanics

• Strong analytical and organizational skills

• Financial degree required

• Flexible work hours

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.