Analyst, Trade Clearance/Settlement - Delaware

About This Role

Want to elevate your career by being a part of the world's largest asset manager? Do you thrive in an environment that fosters positive relationships and recognizes great performance?

At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. We know you want to feel valued every day and be recognized for your contribution!

Who Is Blackrock?

BlackRock helps investors build better financial futures, our technology and services empower millions of investors to save for retirement, pay for further education, buy a home and improve their financial well-being.

Team Overview

The Trading and Market Documentation team (TMD) within the Global Investment Operations Organization is responsible for the onboarding and maintenance of static and dynamic portfolio data that drives trade messaging and settlement. The team is also engaged in all cross-functional tasks within the broader organization which consists of Transaction Management, Derivative Operations, Securities Lending, and Corporate Actions. Candidates will also support the Market Opening documentation where there is a requirement in the given country and support a growing area in a dynamic and exciting environment on a distributed team that has presence in the US and UK.

The Global Markets Account Opening/Registration team is seeking a highly motivated individual to join their team in the Delaware office. The ideal candidate should be high energy, interested in learning, extremely organized, ability to manage multiple projects simultaneously, with a strong sense of fiduciary responsibility to the Funds supported. Integrity and a strong work ethic are essential.

This position offers the opportunity to gain exposure to developed, emerging and frontier markets learning the nuances of a country’s market structure, regulatory and legal requirements. The GM team works closely with numerous BlackRock Investment, Legal, Compliance, Tax, Trade Routing and Settlements teams and other internal partners. They deal extensively with global custodians to ensure BlackRock Funds are compliant with the evolving regulatory and operational impacts of the global markets account registration and maintenance as well as understand the multiple fund types supported to ensure market accounts are opened and maintained to the utmost benefit of the Fund.

Responsibilities

• Complete global market documentation for new fund launches, existing funds and updates to existing funds’ market accounts requiring material changes reporting for multiple BlackRock AMRS proprietary funds.
• Work with global custodians and internal legal, compliance and tax teams to review and vet global market documentation for legal and regulatory requirements.
• Maintain e-library of current and historical fund/country specific global market account openings and maintenance documentation including all supporting legal documentation for funds and investment managers (i.e., formation documents, subscription materials, offering documents, etc.).
• Coordinate with fund specific authorized signatories (multiple offices) and administrative staff to procure executed documentation, additional legalization and final processing/shipping for market submission.
• Update/maintain spreadsheet of all markets requests across funds (to be done, in progress, pending market approval, on-hold, completed, etc.).
• Maintain/distribute “Nuances” in local market document; account opening/maintenance cost (legal docs/tax agents/registration cost), market structures; legal and tax (requirements/ramifications)
• Provide account opening time frames and ongoing status to partners upon request.
• Keep apprised of, and prepare for, upcoming market regulatory changes and account renewals.
• Provide information and research to various Legal teams on market specific issues. Assist with questions/requests with outside legal counsel and/or custodian legal counsel. Coordinate with attorneys located in BlackRock’s various global offices to ensure marketing compliance with other countries’ regulations.
• Interact with multiple global custodians for all global market related requests/updates/issues.
• Keep business managers informed of changes in global markets impacting existing funds/investments.
• Provide updates to Product Tax team on new market openings and existing funds material changes requiring local tax agents.
• Maintain consistent (BlackRock approved) documentation requirements across markets/custodians.
• Assist in developing team policies and procedures. Develop an understanding of global markets account opening and maintenance requirements and regulations.
• Processing of invoices/bills] for document legalization services; verification, payment submission resolution of issues with internal fund accounting team and external vendors.

Experience

• Previous experience through internship(s) or corporate experience preferred. Paralegal background a plus.
• Possesses strong research skills, rigorous attention to details, and a proactive attitude. The ability to learn independently and pick up on concepts in a timely fashion.
• Sharp oral and written communications skills. Must be able to explain complex concepts to others.
• Ability to prioritize and structure a high volume of tasks and information to ensure deadlines are met
• Ability to take ownership of problems and ensure they are resolved to meet objectives, and to reject shortcuts that could compromise quality of service
• Dependability and a high degree of professional motivation and genuine curiosity about financial services, asset management and the related regulatory environment
• Advanced Microsoft Excel, Visual Basic, and SQL skills a plus
• An open and collaborative work-style and positive and professional demeanor

For Wilmington, DE Only the salary range for this position is USD$66,500.00 - USD$85,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

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.