Associate Client Advisory
Background Business Line Description
BlackRock Solutions ("BRS") is a leading global provider of risk management, advisory and enterprise investment system services to a broad base of institutional investors covering portfolios totaling approximately $14 trillion. BRS is part of BlackRock, Inc. (NYSE: BLK), a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2013, BlackRock's AUM was $3.857 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles.
Headquartered in New York City, as of June 30, 2013, the firm had approximately 10,700 employees in 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit BlackRock's website at www.blackrock.com. BlackRock is highly regulated, serves its clients as a fiduciary and derives all of its revenues from client business. We do not engage in proprietary trading or other activities that could conflict with the interests of our clients.
The Financial Markets Advisory Group ("FMA") is an advisory unit within BRS that works with clients on complex issues related to the intersection of the balance sheet and the capital markets.
- FMA's primary clients are banks, broker-dealers, market intermediaries, insurance companies, large institutional investors, central banks, finance ministries, regulatory agencies and nongovernmental/multi-lateral organizations.
- FMA's business combines the capital markets expertise of an investment bank, the portfolio
management capabilities of a global asset manager, the big data analytical and processing
capabilities of a technology company and the creative problem-solving of a financial institutions
consultancy.
FMA's primary activities are in three types of assignments:
- Valuation and risk assessment of balance sheet exposures, including securities, loans,
derivatives, income and equity capital; - Strategic advisory engagements, focused on balance sheet strategy, stress testing and capital planning; MA/restructuring transaction support; default and counterparty risk management andasset-liability management and hedge advisory; and
- Specialized asset management and transaction execution services, including near-,
intermediate- and long-term wind-downs and dispositions; asset workouts and restructuring;
enforcement and commutation and unwind and termination of synthetic exposures.
BlackRock's FMA team has advised on over $8 trillion in assets, and has completed over 300 advisory assignments in 25 countries. The firm's FMA business has also been a frequent adviser and service provider to credit institution regulators, including the Federal Reserve Bank of New York, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the U.S. Treasury, the National Credit Union Administration and the National Association of Insurance Commissioners. Some of our notable assignments include:
- Being selected by the Federal Reserve Bank of New York to advise on and manage
approximately $100 BN of special purposes facilities related to the resolutions and extraordinary support measures for Bear Stearns Companies and American International Group (AIG); - Advising one of the world's largest banks on the disposition of a business unit, and liaising with prominent private equity firms involved in the MA process;
- Advising a European central bank and regulator with respect to domestic banks' exposure to loans in Emerging Markets;
- Performing diagnostic exercises on the Irish and Greek banking sectors, with results feeding into critical decisions for the banks, the sovereigns, and the investment community;
- Simulating the default of a family of clearing members to conduct a "firedrill" of resolution
capabilities for one of the world's largest central clearing counterparties; - Advising on market risk measurement and management, including hedging transactions, for a large portfolio of interest rate swaps owned by a non-bank systemically important financial
institution (SIFI); and - Working with over 20 U.S. banking institutions on important stress testing and capital planning initiatives as part of the implementation of the Dodd-Frank Act and the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) exercises.
Role Description
FMA personnel work closely with clients in a team environment to develop and implement solutions that address their business needs. Our substantial client base includes some of the largest and most sophisticated financial institutions around the globe, providing our employees with dynamic, diverse and challenging work experiences.
The team is seeking an Associate-level professional to support execution of client advisory engagements and business development activities involving banks, financial institutions, specialty financials, market intermediaries and official institutions (e.g., central banks, finance ministries, regulators). The client advisory Analyst would be primarily responsible for:
- Conduct research on a broad range of market, regulatory, client and product matters;
- Acting as project manager for client mandates, collaborating across functional areas of client and product specialists;
- Liaising among internal areas including analytics, modeling, and portfolio management;
- Preparing presentations for business development, communicating project
results, and providing updates on portfolio performance; - Assisting with quantitative analysis in support of client engagements;
- Advising clients on complex capital markets and balance sheet issues;
- Interfacing with clients to present results and address requests and questions; and
- Write both internally- and externally-oriented communications (briefing memos, presentations, thought pieces, white papers);
Specific Expectations of the Analyst:
Associates are directly involved in the execution and delivery of many high profile client projects. Your role is therefore visible to both senior FMA staff and key clients, and requires excellent communication, planning, execution and time management skills.
- Keen interest in financial markets and institutions;
- Ability to conduct self-directed research and fact-finding exercises, leveraging internal and
external sources and constituents; - Self-starter, effective at prioritizing tasks, managing time, expectations, and getting things done;
- Demonstrated experience and intuition to understand industry and capital markets trends,
particularly for regulated financial institutions; - Perform supporting quantitative analysis to distill raw data into usable information;
- Facility with analytical, insight-driven modeling;
- Familiarity with financial services industry, regulators and supervisors;
- Excellent writing and presentation skills;
- Strong capabilities and proficiency with Excel and Powerpoint;
- Working knowledge of Bloomberg, SNL, Capital IQ, Market Hub, FFIEC call reports and other industry-standard sources of market and financial data;
- Team player with collaborative and partnerly orientation, strong interpersonal skills.
Requirements:
- Minimum of 2-5 years financial services or regulatory experience
- Minimum of a BA/BS or equivalent
- References and prior r
elevant experience preferred - Clean compliance record
BlackRock is proud to be an E-Verify Equal Opportunity/Affirmative Action Employer--M/F/D/V.
BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions -- from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
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