Associate, Trade Clearance/Settlement - Princeton at BlackRock

Princeton, New Jersey, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial Services, AlternativesIndustries

Requirements

Preferably 3-6 years of understanding the intricacies of the loans’ market, real assets, project finance and documentation driven transactions
Familiarity with the banking and investment management industry (experience with credit strategies, registered funds, financial institutions, separate accounts and various types of investors preferred)
Excellent communication and client service skills
Fluency in English language is required, German language would be beneficial
Proficient in a high pace environment with large volume and high-risk transactions with a low tolerance for error
Works independently or in a global team environment and actively seek additional responsibilities
Highly proficient in Excel; knowledge of loan centric systems a plus
Outstanding academic achievement, broad based work experience, and demonstrated leadership experience
Financial degree required
Initiative and a willingness to contribute beyond the scope of one’s role to achieve team and firm objectives
Proficiency of vendor systems supporting loans, such as Loan IQ, WSO, Sentry, Geneva, etc
Demonstrate product and functional knowledge of project finance, structured credit, real assets, and loan syndications

Responsibilities

Demonstrate product and functional knowledge of project finance, structured credit, real assets, and loan syndications in order to communicate with the business, agents, borrowers, and counterparties
Support servicing activity of each investment including funding and documentation matters
Investigate and resolve cash, position, and transactional issues timely
Maintain a working knowledge of all deal related documentation to ensure controls are in place and guidelines are adhered to
Collaborate closely with Administrative Agents, Borrowers and Legal with regards to KYC documentation, regulation requirements, tax, including administrative details
Understand the maintenance and distribution of loan documentation including of private and public amendments/restructures and voting requirements with settled and trade date positions
Participate in the review of the daily/weekly reports and metrics provided to management and the business to highlight status of positions, defaults, and risks
Participate in team projects to streamline and automate processes and tools to improve efficiency and controls

Skills

Key technologies and capabilities for this role

Trade ClearanceSettlementLoan SyndicationsProject FinanceStructured CreditReal AssetsKYCDocumentationTransaction ServicesRisk ManagementPortfolio Compliance

Questions & Answers

Common questions about this position

What experience level is preferred for this role?

Preferably 3-6 years of understanding the intricacies of the loans’ market, real assets, project finance and documentation driven transactions.

What key skills are required for this position?

The role requires product and functional knowledge of project finance, structured credit, real assets, and loan syndications, proficiency in vendor systems like Loan IQ, WSO, Sentry, and Geneva, as well as excellent communication and client service skills.

What is the salary or compensation for this role?

This information is not specified in the job description.

Is this role remote or office-based, and where is it located?

This information is not specified in the job description.

What does the team do at BlackRock?

This team is part of the Global Alternatives Transaction Services team within Business Operations and is responsible for settlements and documentation globally, striving for outstanding client service, coordinating new transactions, providing relationship management, and participating in market initiatives.

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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