Portfolio Compliance Director 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.
Business Unit Overview:The Portfolio Compliance Group (PCG) is a global group which sits within the Aladdin Portfolio Services Group (APSG) one of the core functions within the Business Operations Group at BlackRock. Portfolio Compliance is responsible for implementing controls processes, to ensure we are portfolio compliant with all applicable regulatory and portfolio issued guidelines. This relates to trading and investments, including core Aladdin pre- and post-trade compliance and non-Aladdin trading compliance; mutual fund monitoring and reporting; global syndicate offering review; ERISA monitoring. The team produces daily portfolio level issues and violations for escalation resolution.
Job Purpose/Background:The Portfolio Compliance Group in London is primarily responsible for extracting, analyzing, coding and monitoring client, regulatory and internal investment guidelines on the firm’s Aladdin system for EMEA based clients and funds. The group is engaged with and provides services to many other departments across the firm in particular; On Boarding, Portfolio Management, Trading, Global Client Group and Legal Compliance. The role itself is to have a specific focus on the management of new and changed business and related activities within EMEA.
Key Responsibilities:
- Manage and develop the team to ensure delivery of core team responsibilities
- Development of robust processes and procedures
- Production of management information on team activity
- Monitoring of work allocation and delivery
- Engagement with our global teams to ensure consistency of service
- Service champion for our group with partner teams including PCI, GCG, LC and PMG
- Process /system enhancements
- Projects as required
Team responsibilities:
- Pre trade violation investigation investment restriction overrides
- Post Trade violation investigation resolution
- Account coding and account coding reviews
- Account On Boarding activities
- Manual test execution
- Oversight of outsourced testing
- Identification of coding issues
- Documentation of procedures
- Process /system enhancements
- Panel for Takeover and Mergers process
- Syndicate review and pre clearance
- Maintenance of Legal Compliance Restricted Lists
- Client certifications / attestations
Development Value:
- Exposure to multiple business groups and investment products across Blackrock globally
- Opportunity to be a service champion for one or more of the core PCG internal clients
- Exposure to global regulatory regimes and jurisdictions
- Opportunity to be part of and develop within a truly global international group and firm
- Opportunity to take responsibility and ownership for projects
- Opportunity to lead and develop others
Knowledge/Experience:
- Experience of trade/portfolio compliance monitoring including coding
- Experience of working in the investment management industry and of investment products
- Management of teams with proven experience of delivering against target
Skills/Qualifications:
- Strong IT Skills
- IAQ/IMC
Competencies:We require:
- Strong communication skills
- Ability to self manage workloads and work to deadlines
- Strong team player
- Analytical mind and approach
- Pro-active approach to issue resolution
- Ability to recognize individual and team objectives and goals
- Ability to facilitate compromise between conflicting requirements or points of view