Derivative Documentation Associate Derivative Documentation Associate …

in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
Derivative Documentation Associate

About this role

Derivative Documentation Team Overview:

Within Global Investment Operations, the Derivative Documentation team is responsible for managing the on-boarding of BlackRock funds and separate client mandates to our master trading agreements with approved derivative trading counterparties, such as large investment banks, in order to enable trading and capturing certain datapoints in various systems to support post-trade operations.

The group maintains key on-boarding functions in the global operating model for all forms of derivatives, including bi-lateral and cleared over-the-counter ("OTC"), exchange traded futures and options, as well as other activities under master trading agreements. The team plays an integral role within the organisation interacting with multiple internal partners, including portfolio managers and trading desks and also has extensive dealings with external parties, predominately their Legal, Credit and On-Boarding teams.

In addition to the daily responsibilities, you will participate in firm-wide initiatives and projects as well as contributing to the department's global operating model with constant and consistent focus on mitigating risks, providing strong oversight and control to our operational processes, while looking to make continuous improvements.

Derivative Documentation's philosophy is under-pinned by BlackRock's cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through these Principles, we strive to build value for our clients by understanding their needs, the markets, and using technology to create best in class solutions.

Key Responsibilities

  • Develop and maintain close relationships and partnerships with BlackRock colleagues as well as with external service providers, partners and counterparties.

  • Oversee and manage internal and external service provider relationships - ensure successful delivery of contracted services, proactively address and resolve issues.

  • Liaise with external counterparties in order to set up, maintain or terminate trading relationships.Be responsible for updating legal agreements as part of the on-boarding of new accounts to master agreements, such as clearing agreements, ISDAs, GMRAs, etc. Monitor and review various third party documentation platforms.

  • Be accountable for inputting legal and derivative static data into various systems to support trading and collateral processes.

  • Contribute to overseeing strategic architecture and design on platform enhancements to operational processes.

  • When required, be the representative for external parties including clients, auditors and consultants.

  • Learn to adhere to stringent operational risk management targets (Key Risk Indicators / Key Process Indicators)

  • Help create a culture of openess, inclusion and proactive engagement at all levels, developing a "bottom up" approach to problem solving that favours creative, data driven, "outside of the box" solutions.

Who We Are Looking For:

  • A self starter who enjoys operating in a fast-paced, high-intensity environment, who is capable of working as part of a global team.

  • An excellent verbal and oral communicator, capable of articulating complex problems in a simplistic manner. Must be fluent in English.

  • Someone with a high level of attention to detail with an ability to project-manage and multitask.

  • A candidate who has the desire to offer a high level of customer satisfaction.

  • Someone who possesses an entrepreneurial drive and technical insight to identify control gaps and drive process improvement initiatives.

  • An individual who is highly organized, focused with practiced skills in operating effectively to tight deadlines within a high risk and high volume environment.
  • Background in finance and/or contract management is desired but not essential.

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.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide.  

For additional information on BlackRock, please visit | Twitter:  @blackrock | LinkedIn: .

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.
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