Job Description

About this role

Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With about USD $10 trillion of assets, we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Team Overview

This team is part of the Global Alternative Transaction Services (GATS) team within Business Operations. GATS is responsible for settlements and documentation globally and strives for outstanding client service. The team coordinates, initiates, and builds processes for new/non-standard transactions. In addition, the team provides relationship management and participates in external market initiatives. The candidate will require skills to partner with Business leads, operations teams, and senior leaders along with ICB, Legal, Tax, RQA, and Compliance regarding trade confirmations, allocations, KYC documentation, review of documentation, settlements, and metrics.

Role Responsibility

• Demonstrate product and functional knowledge of the loan and privates market to communicate with the business, trading counterparties, and large/sensitive clients effectively.
• Maintain the investment book of record through daily cash and position reconciliations
• Support the settlement process of loan syndications, secondary loan trades, CLOs, restructures, privates, infrastructure debt, renewable power, direct lending, and trade claims including funding and documentation matters
• Understanding the intricacies of the loan syndicated market and documentation-driven transactions.
• Ability to interpret legal documentation and translate it into simpler terms
• Knowledge of vendor systems including, but not limited to, Solvas, Digitize, Wall Street Office, and Clear Par
• Maintain a solid understanding of all relevant portfolios and deal-related documentation to ensure controls are in place and that guidelines are adhered to.
• Collaborate closely with Administrative Agents, Borrowers, and Legal regarding KYC documentation.
• Proven understanding of the maintenance and distribution of loan documentation inclusive of private and public amendments/restructures and voting requirements with settled and trade date positions.

Client Service and Communication Skills

• Liaison for local custodians, borrowers, and businesses to address timing challenges between EMEA and the US on confirmations, settlements, and funding.
• Investigate and resolve closing and transactional issues and communicate all issues timely.
• Participate in the review of the daily/weekly reports and metrics provided to management and the business to highlight the status of trades and risks.
• Participate in pivotal initiatives

Experience

• Strong Excel and problem-solving skills
• Proficient in the financial industry, particularly Fixed Income, Equity, Privates, and Loan Instruments
• 2-6 years experience in asset management, fund accounting, or a similar industry
• Excellent communication and client service skills.
• Strong performer in a high-pace environment with high volume and high-risk transactions with a low tolerance for error.
• Able to work independently and in a team environment and proactively assume additional responsibilities.
• Possess initiative and a willingness to contribute beyond the scope of one's role to achieve team and firm objectives

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).

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship. 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. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation.

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