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BlackRock

Associate, Business and Platform Development

Philadelphia, PA

Description

About this role

The Cash Management Group (CMG) at BlackRock offers a wide range of products and custom solutions to fit clients' needs that includes: securities lending, cash collateral, sweep activity and separate accounts. BlackRock's cash management style is crafted to meet each client's objectives of capital preservation, liquidity and yield - in that order.

BlackRock and its predecessor companies have been involved in the management of Money Market Funds (MMFs) since 1973, and today, CMG is a business division within BlackRock Global Markets (BGM) as one of the world's largest providers of cash management solutions to institutional and retail investors, managing approximately $746 billion (as of 3/28/2024) in cash assets globally. CMG's success within the liquidity management industry can be attributed to earning the trust of our clients through multiple interest rate cycles and a wide variety of market events as opposed to solely generating the highest yields.

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Today the CMG provides solutions either directly or through intermediary partners for institutional and retail clients in more than 60 countries. This includes corporations, pension funds, foundations, endowments, official institutions, insurance companies, sub-advisory relationships, high net worth individuals, family offices, private banks, traditional and alternative investment managers.

We are looking for an Associate within the Business and Platform Development team, to be responsible for providing direct support to CMG's Global Head of Product and Platform. The Associate will be working across the global Cash business on projects and initiatives that are specific to BlackRock's money market complex and platform, as well as keeping current on regulatory and market changes that require a change in product structure, systems, reporting and client communication. In addition, you will be helping to handle the risk platform within the Cash Management business. This position requires the ability to work with members of Portfolio Management and Sales, Legal, Compliance, Aladdin Product Group and others across BlackRock to improve existing procedures, develop new processes and products and to think critically and creatively about driving the Cash business.

Primary responsibilities will include:
  • Support Cash Leadership in providing operational, analytical and platform management support to this growing, fast-paced business.
  • Coordinate and lead key technology, operational and critical initiatives across the global business.
  • Responsible for ensuring compliance with all industry and regulatory requirements related to, for example, SEC Rule 2a-7 and UCITS regulations.
  • Project management on strategic projects in partnership with Cash Leadership and business partners such as Technology, Portfolio Management, Legal & Compliance and Operations.
  • Drive transformation of the Cash Management trading platform through improvements to trading processes and portfolio management systems.
  • Support and execute operational improvement initiatives across Global Cash to improve controls, mitigate risks, manage costs and increase efficiencies.
  • Partner with Relationship Managers, Portfolio Managers and Product Strategists regarding fund and customized opportunities to determine appropriate solutions.
  • Support in the development, communication and execution of long-term strategic vision and growth targets.
  • Build and maintain close relationships with members of other BlackRock businesses and broader market participants in order to ensure the best execution and to enhance the reputation of BlackRock Cash Management.


Skills:
  • 3+ years of experience within financial services with a focus on technology.
  • Experience with the trading platform, portfolio management tools and risk reporting.
  • Bachelor's degree in business or computer science.
  • Awareness of risk situations and proven track record to adhere to procedures to ensure risk mitigation.
  • Excellent analytical skills - ability to synthesize and analyze large quantities of data to create useful information and concise analyses, including expertise with Excel and SQL.
  • Outstanding communications skills (both written and verbal), including proficiency in Powerpoint.
  • Reliable and trusted teammate; ability to work with people of all levels.
  • Strong project management and problem-solving skills.
  • Intellectually curious with the ability to take initiative and deliver results in a complex environment.
  • High level of self-motivation, with strong integrity & ethics.


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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

Client-provided location(s): Philadelphia, PA, USA
Job ID: blackrock-136424699
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Life Insurance
    • Mental Health Benefits
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • Fitness Subsidies
  • Parental Benefits

    • Family Support Resources
    • Adoption Leave
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
  • Work Flexibility

    • Hybrid Work Opportunities
    • Flexible Work Hours
  • Office Life and Perks

    • Casual Dress
    • Commuter Benefits Program
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Unlimited Paid Time Off
    • Volunteer Time Off
    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Financial Counseling
    • 401(K)
    • Company Equity
    • Performance Bonus
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Internship Program
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Tuition Reimbursement
    • Lunch and Learns
  • Diversity and Inclusion

    • Founder led
    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program

Company Videos

Hear directly from employees about what it is like to work at BlackRock.