Derivative Documentation, Associate

Posted 6 Days Ago
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Budapest
In-Office
Mid level
Fintech • Information Technology • Financial Services
Bringing together tech and market expertise to help people build better financial futures.
The Role

About this role

Are you a documentation specialist looking for an exciting, challenging opportunity within the world’s largest asset manager? Do you enjoy working in an interactive, highvolume environment that brings together legal, operational and financial expertise? Are you energised by building strong relationships with partners both internally and externally? 

If so, BlackRock is seeking an Associate to join the Trading Documentation Services team within Global Investment Operations. We value the diverse skills, curiosity, and passion you bring, and we’re committed to giving you the space to grow—both professionally and personally. 

 

The Trading Documentation Services team manages the on-boarding of BlackRock funds and Client mandates to master trading agreements with approved trading counterparties, such as large investment banks, in order to enable trading and capturing certain data points 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 organization 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. 

 

The Trading Documentation Services team’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 build outstanding solutions. 

 

Key Responsibilities 

  • Build 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 counterpartie

  • s 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 and trading platforms. 

  • Be accountable for inputting legal and operational 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 build a culture of openness, inclusion and proactive engagement at all levels, developing a “bottom up” approach to problem solving that favors 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 distributed 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 operational 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.

  • 3+ years of experience in a similar field is an advantage. 

  • Background in finance and/or contract management is desired but not crucial. 

 

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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, race, religion, sex, sexual orientation and other protected characteristics at law.

Top Skills

Financial Documentation Platforms
Legal Agreements
Trading Systems
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The Company
HQ: New York, NY
25,000 Employees
Year Founded: 1988

What We Do

As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers.

BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today.

At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together.

Learn more: Careers.BlackRock.com

Why Work With Us

Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.

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BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.

Typical time on-site: 4 days a week
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