Associate, Derivative Operations (Delaware) at BlackRock

Wilmington, Delaware, United States

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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

Key technologies and capabilities for this role

Trade ConfirmationClearingCollateral ManagementETDOTCRisk ManagementProcess ImprovementData Capabilities

Questions & Answers

Common questions about this position

What experience level is required for this role?

The position requires 3 - 5 years of financial services experience.

What are the main responsibilities in Derivative Operations?

Responsibilities include handling trade confirmation, clearing and collateral management of ETD and OTC products, enforcing operational risk management, developing technical expertise, and building relationships with partners.

What is the company culture like at BlackRock?

BlackRock promotes a collaborative global network that emphasizes openness, transparency, inclusion, equal opportunity, innovation, fiduciary focus, passion for performance, and the unified purpose of One BlackRock.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What salary or compensation does this role offer?

This information is not specified in the job description.

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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