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The Global Operations and Administration Group is responsible for the orderly execution and settlement of daily trading volume for BlackRock’s assets under management. GO&A professionals serve as liaisons between custodian banks, the dealer community, and portfolio managers. The Alternative Products group is responsible for the daily reconciliation of 80+ portfolios, which are currently comprised of fixed income hedge funds, CDOs, and REITS. These portfolios engage in high volume trading strategies which include derivative products, and are among the most sensitive and high profile portfolios managed by BlackRock. The ideal candidate will have the following experience and skills: 3-5 years of financial operations experience dealing with fixed income securities (e.g. mortgages, governments, agencies, etc.), SWAPS, and bank loans, including experience with non-USD currency payments, cross-border settlements, and collateral and financing activities (e.g. bonds borrowed operations); Working knowledge of the structures, general strategies and trading activities of hedge funds and alternative products; Be proactive in working with custodians/prime brokers and dealers to reconcile cash and investment positions, resolve trade discrepancies, coordinate pair-offs/round robins, et al.; Familiarity with settlement types and deadlines for the above referenced security types in order to effectively monitor trade settlements and mitigate operational risk; Strong written and verbal communication skills. We are looking for a highly motivated team player that is interested in pursuing a career in Operations. The position is based in New York and offers a competitive compensation package that is commensurate with experience. With an entrepreneurial approach that encourages high performers to contribute and grow, BlackRock is emerging as an employer of choice in the investment management and technology arenas.
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