Job Information
BlackRock Portfolio Compliance Monitoring Associate in Budapest, Hungary
About this role
Team Overview
The Portfolio Compliance Group (PCG) is a global group which sits within Global Accounting and Product Services ('GAAPS'), one of the essential functions within the Business Operations & Technology Group at BlackRock. Portfolio Compliance is responsible for implementing controls and processes to ensure compliance with all applicable regulatory and portfolio guidelines. The team fulfils this mission primarily by monitoring client and regulatory investment guidelines on the firm’s Aladdin system. We are engaged with and provide innovative services to many other departments and functions across the firm, including portfolio management, client services, trading, technology, operations and legal.
Key Responsibilities:
Investment guideline monitoring of both BlackRock investment funds and client mandates
Pre-trade and Post-trade investment guideline exception investigation & resolution
Working closely with portfolio management and other partners to ensure portfolio compliance
Manual test execution
Identification of investment guideline coding issues
Becoming acquainted with BlackRock’s various Aladdin applications, trade flow process, and data environment
Investigating or troubleshooting potential errors when needed
Participating in efficiency and improvement initiatives by providing ideas and suggestions on possible improvements to systems or processes
Development Value:
Exposure to multiple business organizations and investment products across BlackRock globally
Daily interaction with key business organizations such as portfolio management, trading and client service professionals in a fast-paced team environment
Opportunity to take responsibility and ownership for both individual projects and team goals
Visibility in being a PCG service champion for both internal and external clients
Exposure to global regulatory jurisdictions and frameworks
Knowledge / Experience:
College graduates with a background in finance or similar fields are preferred.
Fresh graduates and candidates with 2-4 years of working experience are both preferred.
Knowledge of financial instruments and markets is helpful.
Although not required, understanding of relational database concepts (including SQL) are beneficial.
Ability to take ownership and work individually after the initial training period
Strong interpersonal skills and work ethic
Analytical mind and approach
Attention to detail
Dedicated approach to issue resolution
Ability to recognize individual and team objectives and goals
Ability to facilitate compromise between conflicting requirements or points of views
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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.