Associate- Fiduciary Mandates Investment Team recruitment
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.
The BlackRock Multi-Asset Client Solutions (BMACS) team within BlackRock’s Portfolio Management Group is responsible for developing, assembling and managing investment solutions for clients involving multiple strategies and asset classes. The BMACS team of over 130 professionals leads BlackRock’s efforts with respect to asset allocation advice (tactical and strategic) and portfolio implementation team within BlackRock’s Portfolio Management Group. BMACS is responsible for developing, assembling and managing investment solutions for clients involving multiple strategies and asset classes.
Job Summary:
The role is to work alongside two other individuals responsible for the servicing and oversight of all Operational and Fund Administration activities for fourteen Fiduciary Mandate clients. The Fiduciary Mandate clients are amongst the most complex mandates managed by BlackRock, with a dedicated Fiduciary Mandates Investment Team (FMIT).
Role Description:
- Acting as part of the support function for FMIT, assisting them with requests for information, mandate rebalances, and client-specific data.
- Various Fund Administration duties such as cash management, compliance monitoring, the initiation of payments to clients, cash payment/transfer instructions to custodians, etc.
- Ensuring that day-to-day transactions in respect of cash and trades are booked correctly, so that clean client valuations are run at month-end and to deadline.
- Extensive liaison with various internal parties who may be requesting information in respect of Fiduciary mandates, e.g. month-end data for Fees, Performance, AUM, and Reporting teams.
- Handling and resolving queries from the clients, overseas offices, and custodians.
The role offers great variety, and comprises portfolio manager support responsibilities, along with operational and administration-based functions.
The candidate will also be required to assist with the complex process relating to the onboarding of new client mandates, or structural changes to existing clients.
Skills and qualifications:
The candidate should have front-office exposure of working alongside portfolio managers, client directors, and senior management. The type of clients and the products invested in require the candidate to have a sound understanding of equity, fixed income, derivative and cash-related products. Each of the client mandates has a varied and diverse product base, so a good working knowledge of the investment management arena is fundamental and critical to requirements.
The following are prerequisite attributes for the role:
- High degree of attention to detail and accuracy.
- Ability to problem solve, to use initiative, and to be proactive.
- Willingness to assume additional responsibility and duties.
- Good communication skills, both written and oral, so as to ensure clear written and oral communication with internal and external parties at all levels.
- Team player, ability to work alone and with others in what can be a highly pressurized environment.
- A very good working knowledge of Microsoft Outlook, Excel, and Word.
In summary, the position provides the right candidate with the opportunity for exposure to a unique and extremely high-profile environment. The group of clients serviced by the team have a diverse product-base. The candidate will acquire extensive knowledge of BlackRock operations, and will need to liaise with a wide cross-section of individuals at all levels through the BlackRock organization.