Job Information
BlackRock Collateral Management, Derivative Documentation, Associate in Budapest, Hungary
About this role
Are you a Derivative Documentation professional searching for an exciting, challenging, multi-faceted leadership opportunity with the world's largest asset manager? Do you pride yourself on building positive relationships, leading and developing hardworking teams and elevating performance? Look no further! BlackRock is pursuing an Associate to become a part of our team. We recognize that strength comes from diversity, and will embrace your rare skills, eagerness, and passion while giving you freedom to grow expertly and as an individual.
Within Global Investment Operations, Portfolio Enablement Services, the Derivative Documentation team is manages the on-boarding of BlackRock funds and separate client mandates to our master trading agreements with approved derivative trading counterparties, such as large investment banks, in order to enable trading and capturing certain data points in various systems to support post-trade operations.
The group maintains key on-boarding functions in the global operating model for all forms of derivatives, including bi-lateral and cleared over-the-counter (“OTC”), exchange traded futures and options, as well as other activities under master trading agreements. The team plays an integral role within the organisation interacting with multiple internal partners, including portfolio managers and trading desks and also has extensive dealings with external parties, predominately their Legal, Credit and On-Boarding teams.
In addition to the daily responsibilities, you will participate in firm-wide initiatives and projects as well as contributing to the department's global operating model with constant and consistent focus on mitigating risks, providing strong oversight and control to our operational processes, while looking to make continuous improvements.
Derivative Documentation’s philosophy is under-pinned by BlackRock’s cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through these Principles, we strive to build value for our clients by understanding their needs, the markets, and using technology to build outstanding solutions.
Key Responsibilities:
Build and maintain close relationships and partnerships with BlackRock colleagues as well as with external service providers, partners and counterparties.
Oversee and manage internal and external service provider relationships – ensure successful delivery of contracted services, proactively address and resolve issues.
Liaise with external counterparties to set up, maintain or terminate trading relationships. Be responsible for updating legal agreements as part of the on-boarding of new accounts to master agreements, such as clearing agreements, ISDAs, GMRAs, etc. Monitor and review various third party documentation platforms.
Be accountable for inputting legal and derivative static data into various systems to support trading and collateral processes.
Contribute to overseeing strategic architecture and design on platform enhancements to operational processes.
When required, be the representative for external parties including clients, auditors and consultants.
Learn to adhere to stringent operational risk management targets (Key Risk Indicators / Key Process Indicators)
Help build a culture of openness, inclusion and proactive engagement at all levels, developing a “bottom up” approach to problem solving that favours creative, data driven, “outside of the box” solutions.
Who We Are Looking For:
A self starter who enjoys operating in a fast-paced, high-intensity environment, who is capable of working as part of a distributed team.
An excellent verbal and oral communicator, capable of articulating complex problems in a simplistic manner. Must be fluent in English.
Someone with a high level of attention to detail with an ability to project-manage and multitask.
A candidate who has the desire to offer a high level of customer satisfaction.
Someone who possesses an entrepreneurial drive and technical insight to identify control gaps and drive operational improvement initiatives.
An individual who is highly organized, focused with practiced skills in operating effectively to tight deadlines within a high risk and high volume environment.
Background in finance and/or contract management is desired but not crucial.
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 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.