Derivative Operations, Global Investment Operations, Director

BlackRock’s Global Investment Operations (GIO) team handles post-trade and asset servicing for BlackRock's investment businesses. The Derivative Operations team manages BlackRock's Derivative activity, including Trade Confirmation/Clearing, Periodic Payments, Collateral Management, and Reconciliation. The Director will manage risk by overseeing Margin Processing, collateral reconciliations, and exception management, ensuring data alignment with various record holders. This role involves leading a regional team, managing performance, and fostering a positive work environment, while partnering globally to optimize solutions and reduce risk.

Must Have

• Manage risk by overseeing Margin Processing, collateral reconciliations and exception management processes.
• Ensure BlackRock data is in line with CCP/Clearing brokers, custodians, counterparties and other prime record holders.
• Prepare monthly metrics, maintain training materials, provide thought leadership and liaise with technology to strategically enhance workflows and operating models.
• Lead the regional team, managing performance, setting goals, solving problems and foster a positive work environment.
• Partner closely with global, product aligned teams in Derivative Operations to implement tactical and systematic solutions to optimize scale and reduce risk.
• Coordinate with external providers, particularly sell-side firms and FinTech vendors, to drive strategic changes across the industry.
• Detailed data interrogation and trend analysis.
• Interpret, simplify and present data to partners with various backgrounds.
• Translate data to identify potential opportunities to increase scale and/or reduce operational risk.
• Partner with management teams to prioritize and implement data strategy.
• Implement process change and design solutions.
• Build and maintain constructive working relationships with internal and external partners to inspire change.
• Conduct meetings with external providers to discuss performance measurements and drive performance improvement.
• Participate in local, regional and global initiatives.
• Support colleagues in a global team environment.
• Review and documentation business process.
• 12+ years working in investment operations with proficiency in trade confirmations and settlements.
• Minimum of 5 years of supervisory experience.
• Strong organization skills with the ability to multi-task without losing sight of overall objectives and deadlines.
• Ability to work in a fast paced, rapid changing, deadline driven environment.
• Proven track record of leading and motivating teams.
• Contribute in creating a team vision, planning and delivering steps to ensure a consistently high performing team.
• Analytic problem solver comfortable working with large data sets.
• Excellent communicator, able to simplify and convey complex themes to different audiences.
• Demonstrate strong stakeholder management skills.
• Organized approach with diligent follow-up on open issues and identify appropriate action to be taken.
• Proven track record in enhancing and transforming workflows and operating models.
• Capable with SQL, JIRA and Microsoft Office applications, especially PowerPoint and BI.

Perks & Benefits

• Strong retirement plan
• Tuition reimbursement
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO)

About this role

Team Overview:

BlackRock’s Global Investment Operations (GIO) team is responsible for the post-trade and asset servicing functions that support BlackRock's investment businesses worldwide. GIO spans trade documentation, transaction management, collateral management, payments, corporate actions, reconciliations and securities lending functions. GIO partners with BlackRock's Portfolio Managers and Traders globally to provide operational excellence to our partners and clients.

GIO’s Derivative Operations team is responsible for handling, processing and managing BlackRock's Derivative activity, which includes Trade Confirmation/Clearing, Periodic Payments, Collateral Management and Reconciliation of Exchange Traded Derivatives, Cleared Swap, Contract for Difference and Over the Counter products. The Derivative Operations philosophy is anchored on BlackRock’s cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through this lens we strive to build value for our clients by understanding their needs, the markets, and using technology to create optimized solutions.

The Director is responsible for managing risk for the firm by overseeing Margin Processing, collateral reconciliations and exception management processes ensuring that BlackRock data is in line with CCP/Clearing brokers, custodians, counterparties and other prime record holders every day. Prepare monthly metrics, maintain training materials, provide thought leadership and liaise with technology to strategically enhance workflows and operating models. You will lead the regional team, managing performance, setting goals, solving problems and foster a positive work environment.

The team partners closely with global, product aligned teams in Derivative Operations to implement tactical and systematic solutions to optimize scale and reduce risk. The team also coordinates with external providers, particularly sell-side firms and FinTech vendors, to drive strategic changes across the industry.

Job Responsibilities:

• Detailed data interrogation and trend analysis
• Interpret, simplify and present data to partners with various backgrounds
• Translate data to identify potential opportunities to increase scale and/or reduce operational risk
• Partner with management teams to prioritize and implement data strategy
• Implement process change and design solutions
• Build and maintain constructive working relationships with internal and external partners to inspire change
• Conduct meetings with external providers to discuss performance measurements and drive performance improvement
• Participate in local, regional and global initiatives
• Support colleagues in a global team environment
• Review and documentation business process

Experience:

• 12+ years working in investment operations with proficiency in trade confirmations and settlements
• Minimum of 5 years of supervisory experience; proven experience in leading teams of professionals, staff development, coaching and performance assessments
• Strong organization skills with the ability to multi-task without losing sight of overall objectives and deadlines
• Ability to work in a fast paced, rapid changing, deadline driven environment
• Proven track record of leading and motivating teams
• Contribute in creating a team vision, planning and delivering steps to ensure a consistently high performing team
• Analytic problem solver comfortable working with large data sets
• Excellent communicator, able to simplify and convey complex themes to different audiences
• Demonstrate strong stakeholder management skills
• Organized approach with diligent follow-up on open issues and identify appropriate action to be taken
• Proven track record in enhancing and transforming workflows and operating models.
• Capable with SQL, JIRA and Microsoft Office applications, especially PowerPoint and BI

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.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. 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. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.