Associate, Portfolio Compliance Monitoring

About This Role

As an Associate, Portfolio Compliance Monitoring at BlackRock, you will join the Portfolio Compliance Group (PCG), a global team within Global Accounting and Product Services (GAAPS). PCG is crucial for ensuring adherence to regulatory and portfolio guidelines by leveraging BlackRock's Aladdin system for guideline extraction, analysis, coding, and monitoring. This role offers the opportunity to work in the world's largest asset manager, contributing to a team that fosters positive relationships and recognizes outstanding performance, empowering employees to make a significant difference.

Team Overview

The Portfolio Compliance Group (PCG) is a global team situated within Global Accounting and Product Services ('GAAPS'), a core function of BlackRock’s Business Operations & Technology Group. PCG is primarily responsible for implementing robust controls and processes to ensure comprehensive compliance with all applicable regulatory and portfolio guidelines. This mission involves expertly extracting, analyzing, coding, and continuously monitoring client and regulatory investment guidelines on the firm’s proprietary Aladdin system. The team actively collaborates with, and provides innovative services to, various departments across BlackRock, including portfolio management, client services, trading, technology, operations, and legal.

Role Responsibility

Your responsibilities as an Associate, Portfolio Compliance Monitoring are dynamic and will typically include:

• Investment guideline monitoring for both BlackRock investment funds and client mandates.
• Investigation and resolution of pre-trade and post-trade investment guideline exceptions.
• Close collaboration with portfolio management and other partners to ensure robust portfolio compliance.
• Execution of manual tests to verify compliance.
• Identification and resolution of investment guideline coding issues.
• Familiarization with BlackRock’s diverse Aladdin applications, trade flow processes, and data environment.
• Investigation and troubleshooting of potential errors as needed.
• Participation in efficiency and improvement initiatives by suggesting enhancements to systems or processes.

Development Value

This role offers significant development opportunities, including:

• 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 as a PCG service champion for both internal and external clients.
• Exposure to global regulatory jurisdictions and frameworks.

Knowledge / Experience

Ideal candidates will possess:

• A college degree in finance or a similar field.
• Helpful knowledge of financial instruments and markets.
• While not required, familiarity with programming languages (such as Visual Basic, C++, or Java) and an understanding of relational database concepts (including SQL) are beneficial.

Competencies

Successful candidates will demonstrate:

• Strong IT Skills.
• Strong interpersonal skills and a solid work ethic.
• An analytical mind and approach to problem-solving.
• Exceptional attention to detail.
• A dedicated approach to issue resolution.
• Ability to recognize individual and team objectives and goals.
• Ability to facilitate compromise between conflicting requirements or points of view.

Key skills/competency

• Portfolio Compliance
• Investment Guidelines
• Aladdin System
• Financial Instruments
• Regulatory Compliance
• Exception Resolution
• SQL
• Data Analysis
• Problem Solving
• Attention to Detail