Associate, Derivative Operations (Delaware) at BlackRock

Wilmington, Delaware, United States

BlackRock Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Asset ManagementIndustries

Requirements

  • 3 - 5 years of financial services experience with a focus on derivative operations
  • Self-starter who enjoys operating in a fast-paced, process driven environment, and can work in a distributed team
  • Numerical proficiency, outstanding analytical skills and a passion to solve problems
  • Entrepreneurial drive coupled with an overwhelming desire to go above and beyond to improve processes, systems and services
  • Excellent communicator, capable of articulating complicated issues in a simplistic manner
  • Natural curiosity, with a passion for learning about financial markets and new technology
  • Candidates from a diverse range of backgrounds who show the right aptitude, attitude and desire to learn, and are capable of developing deep levels of technical expertise in this area

Responsibilities

  • Handling, processing and managing BlackRock's Derivative activity, including Trade Confirmation, Clearing and Collateral Management of ETD and OTC products
  • Enforcing rigorous Operational risk management standards (Key Risk Indicators / Key Process Indicators) and identifying, communicating and resolving issues quickly and efficiently
  • Developing technical expertise through on the job training and self-learning, with active participation in Technology and Operations meetings encouraged (e.g., presenting ideas, contributing ideas, problem solving, or helping ensure strategic projects remain on track)
  • Building strong relationships with internal and external partners, ensuring BlackRock’s value proposition, technology roadmap and industry position is communicated and supported
  • Participating in regular reviews to ensure BlackRock receives outstanding levels of service from all third-party providers
  • Daily tasks including confirming trades, moving collateral, ensuring the firm gets paid in a timely manner, and helping Portfolio Managers and Trading teams achieve their objectives
  • Getting involved in professional networks at BlackRock to foster regional connectivity and give back to local communities

Skills

Trade Confirmation
Clearing
Collateral Management
ETD
OTC
Risk Management
Process Improvement
Data Capabilities

BlackRock

About BlackRock

New York City, New YorkHeadquarters
1988Year Founded
$78,647.7MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries

Benefits

Health Insurance
Unlimited Paid Time Off
Mental Health Support
Wellness Program
401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.
Workforce reduction may indicate internal financial pressures or strategic shifts.
Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.
The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.
BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.
The Ethereum platform positions BlackRock as a leader in blockchain financial services.
Partnership with Frax Finance enhances digital finance offerings and compliance.

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