Securities Lending Operations, Analyst Securities Lending Operations, Analyst …

in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
Securities Lending Operations, Analyst

About this role

Are you an investment operations professional searching for an exciting opportunity to join a world class asset manager? If you pride yourself on building positive relationships and being part of a hardworking team with elevated performance, look no further! BlackRock is pursuing an Analyst to join our team. You will benefit from our team who recognizes that strength comes from diversity, and will embrace your skills, enthusiasm, and passion.

Technology & Operations(T&O) is responsible for the firm's worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third party provider networks. Global Investment Operations(GIO),function within T&O, is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. GIO spans Trading & Market Documentation, Transaction Management, Collateral Management & Payments, Asset Servicing including Corporate Actions and Cash & Asset Operations, and Securities Lending Operations. GIO provides operational service to BlackRock's Portfolio Managers and Traders globally to ensure we provide better service to our end clients

The Securities Lending Operations team works in close alignment with the Securities Lending business, the team plays a key role in the delivery of the Securities Lending product, and in enabling the business to flexibly adapt to emerging business opportunities and client needs. It also has a meaningful role in the risk management process, as well as management of internal and external service providers. The team handles several key facets of the post-trade securities loan process, including trade support, collateral management, sufficiency management, settlement and reconciliation. As a Securities Lending Operations Associate, you'll work closely with colleagues globally - other operations specialists, traders, product managers, business analysts, risk managers, IT developers and client-facing teams - to support existing and new trading strategies, improve technology and reporting, and develop new products and services. You'll have a chance to create an impact by enabling the business to capitalize on special lending opportunities, improving performance and efficiency, supporting the onboarding of new inventory and the expansion of relationships with clients, borrowers and service providers.
Role Responsibility
  • Manage and ensure timely loan and return settlement in all markets and resolve related issues daily.
  • Ensure appropriate collateral is agreed and transacted with counterparties daily. Calculate margin requirements to ensure compliance with internal and client guidelines, and provide reporting to auditors, management and clients.
  • Ensure sufficiency management is reviewed with appropriate actions taken to mitigate securities lending risks to client investment portfolios.
  • Follow established procedures and perform appropriate controls (including cash, security and collateral reconciliations), while exercising good judgment in managing risk and following escalation procedures.
  • Coordinate and manage internal and external service provider relationships - ensure successful delivery of contracted services, proactively address and problem solve, build and adapt service level standards and agreements to meet the evolving needs of the business.
  • Build and maintain close relationships and partnerships with Securities Lending and other BlackRock colleagues (trading desk, product managers, technology teams, etc.), as well as with external service providers, custodians and counterparties.
  • Develop expertise in local market practices through experience, training, classes and outside research, to ensure best of class service.
  • Support the continued evolution of the Securities Lending technology platform and global process model. Participate in projects as they relate to broader business product and system development, as well as process re-design and improvement.
  • Seek to influence the change of the marketplace through participation in industry associations and vendor initiatives.
Skills and Experience
  • Understanding of financial markets and related instruments
  • Working knowledge and understanding of securities lending
  • Solid regulatory background and strong risk awareness, proceeds of APAC markets regime knowledge is a plus.
  • Excellent attention to detail, problem solving/analytical abilities, research skills and able used to a high tempo working style.
  • SQL/ Python Programming knowledge would be an advantage to help transform manual touch points and create efficiencies in the various workflows.
  • Adaptable communication skills
  • PC proficient with experience in Excel in particular
  • Experience with Aladdin applications and workflows such as Dashboard, Trade Entry, Security Master and CAM would be desirable

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

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit | | Instagram: @blackrock | 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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