Want to elevate your career by being a part of the world's largest asset manager? Do you thrive in an environment that fosters positive relationships and recognizes stellar service? Look no further. BlackRock is currently seeking a Transaction Management Operations Vice President to become part of our team. We recognize that strength comes from diversity, and will embrace your rare skills, eagerness, and passion while giving you the opportunity to grow professionally and as an individual.
We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. We have an extraordinary 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. Come join our team and experience what it feels like to be part of an organization that makes a difference.
Team Overview
BlackRock’s Outsourced Platform Services (OPS) is responsible for the middle and back-office services in support of BlackRock Solution’s outsourcing services businesses worldwide. OPS spans data and security master management, transaction management, collateral management, payments, corporate actions, reconciliations, alternative operations, and investment accounting functions. OPS is situated globally to provide operational excellence to our partners and clients.
OPS’s Transaction Management Operations team is responsible for the confirmation and settlement of transactions with counterparties and custodians. General functions include trade confirmations, settlement governance, collateral management, margin and payment processing, and exception resolution, mitigating settlement risk, facilitating trading activity with providers. Key focuses include managing day-to-day broker/dealer and custody relationships, ensuring globally consistent trade confirmation and processing, enhancing operational control and reporting, mitigating risk, and servicing clients to reaffirm expectations and deliver outstanding client service.
Transaction Management is responsible for applying data to identify and quantify improvement opportunities across the post-trade lifecycle. As the name suggests, the team has two primary missions:
- To oversees the efficiency of business processes and providers
- To find opportunities for business process and technology improvements. Both rely on data analysis to identify trends, measure impacts and predict outcomes. The team partners closely with global, product-aligned teams across OPS to implement tactical and systematic solutions to optimize scale and reduce risk. The team also coordinates with external providers, particularly sell-side firms, to drive strategic change across the industry.
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- Work with Counterparties, Clearing Brokers, FCMs and Custodians to resolve Exceptions related to Confirmation & Settlement of trades, collateral management and other post trade lifecycle events.
- Ability to balance people and functional management. Likely managing team of FTE.
- Work with stakeholders to identify all failed trades and the cause of trade failure and work towards resolution of such Fails with Counterparties and internal stakeholders. Resolve collateral disputes or clear exceptions related to MTM and contract disputes.
- Capacity to balance multiple tasks simultaneously and adapt to varying shift schedules
- Data analysis enhancing transparency, decision drivers and efficiency
- Ability to evaluate systems and procedures and make recommendations for improvement
- Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts
- Understanding upstream processes is impactful to reconciliation and develop ability to correlate the effect of change
- Maintain accurate process documents and train team members to ensure holistic understanding
- Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency
Experience
- BS/MBA in business, finance or related field
- 10-14 years working in Investment Operations with proficiency in trade confirmations and settlements
- Proven track record of leading and motivating teams
- Previous experience within a global organization preferred
- A strong emphasis on time management in addition to being well organized and detail –oriented
- Understanding of financial instruments with an emphasis on Fixed Income, Equity and Derivative products.
- Great teammate with attention to details, problem solving abilities, and analytical skills
- Ability to multitask and be flexible in terms of working in shifts
- Proficiency in Microsoft Office, Power BI and SQL.
- The ability to perform effectively amid rapid and continual changes
- Excellent communication skills to effectively articulate solutions with partners
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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
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.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
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.
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