Description
About this role
Portfolio Compliance: Implementations: Analyst
Portfolio Compliance Group Implementation Team
Have a passion for the investment industry and an interest in programming? Are you a compliance professional who is looking for a rewarding, challenging, multi-faceted role with the world's largest asset manager? Look no further! BlackRock is currently seeking a Portfolio Compliance Implementation Analyst to become a member of our team. We recognize that strength comes from diversity, and will embrace a new joiner's rare skills, eagerness, and passion while giving the opportunity to grow professionally and as an individual.
Team Overview:
Our Portfolio Compliance Group (PCG) is accountable for implementing controls & processes to ensure we stay in line with all applicable regulatory and portfolio issued guidelines.
We are very passionate about this opportunity! The successful candidate will have the opportunity to learn about all internal business departments and investment products across BlackRock globally. You can expect to acquire knowledge of global regulatory regimes and jurisdictions as well as an opportunity to grow, develop skills and build a strong network within the team and also across the firm.
Primary responsibilities include:
The role is part of our Implementations team within PCG. You will be primarily responsible for interpreting and analyzing the investment guidelines of our clients and coding them into BlackRock's compliance system. Our primary compliance system is Aladdin, where we code the guidelines using BlackRock's proprietary coding language, which is similar to SQL. There are many ways in which we use coding in this role:
New account coding - interpreting the client's investment guidelines from the completed Investment Management Agreement (IMA) and implementing the required controls through coding of compliance rules in BlackRock's Aladdin platform.
Guideline changes - supporting the process through which a client may change their investment guideline provisions over time, based on their preferences or market conditions. The coding may need to be updated in Aladdin to reflect the updated requirements for clients. We also maintain restrictions on behalf of Legal & Compliance
Crafting new system rules, improving existing compliance coding, and investigating or trouble shooting potential errors when needed
Coordinating the implementation of Manual tests, where a rule cannot be implemented in Aladdin.
Through your training and performance of the role, you will also have exposure to the following:
Becoming acquainted with BlackRock's various Aladdin applications, trade flow process, and data environmentParticipating in efficiency and improvement initiatives by providing ideas and suggestions on possible improvements to systems or processesLeading or running strategic projects and initiatives
To be successful, candidates will need to demonstrate the following skills:
Experience of working in the investment management industry and knowledge of investment products is desired, along with a background in finance or similar fields.
Strong technical knowledge will be a significant advantage. Specifically, knowledge of programming languages (such as Visual Basic, C++, or Java) and an understanding of relational database concepts (including SQL).
Other key technology skills we look for include:
Aladdin suite experienceCoding experience within Compliance Monitoring tools (Aladdin, Sentinel, Charles River, thinkFolio, or In-House systems) (preferable)Strong Microsoft Office knowledge
We are a global firm, and we need someone who is confident in working as part of a team that spans many functions, geographies and partners with a pragmatic approach and good judgement.
The role demands strong time management, being able to priorities and keeping calm under pressure in what can be a challenging environment.
Other key skills we are looking for include:
Proven interpersonal skillsStrong multi-tasking skills and attention to detailDedicated approach to issue resolutionAbility to handle complexity and not being afraid to ask difficult questions#EarlyCareers
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 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.