Associate, Trade Clearance/Settlement - Princeton

About this role

GAAPS Alternatives | Associate Loan Services | Princeton

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $9 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Team Overview

This team is part of the Global Alternatives Transaction Services team within Business Operations. The team is responsible for settlements and documentation globally and strives for outstanding client service. The team coordinates, initiates and builds processes for new/non-standard transactions. In addition, the team provides relationship management and participates in external market initiatives. The candidate will require the skills to partner with Business partners across our platform which include Corporate Tax, Legal, Trading, Risk and Portfolio Compliance to facilitate private investment trades through their lifecycle.

Role Responsibility

• Demonstrate product and functional knowledge of project finance, structured credit, real assets, and loan syndications in order to communicate with the business, agents, borrowers, and counterparties.

• Support servicing activity of each investment including funding and documentation matters.

• Investigate and resolve cash, position, and transactional issues timely.

• Maintain a working knowledge of all deal related documentation to ensure controls are in place and guidelines are adhered to.

• Collaborate closely with Administrative Agents, Borrowers and Legal with regards to KYC documentation, regulation requirements, tax, including administrative details.

• Understand the maintenance and distribution of loan documentation including of private and public amendments/ restructures and voting requirements with settled and trade date positions.

• Participate in the review of the daily/weekly reports and metrics provided to management and the business to highlight status of positions, defaults, and risks.

• Participate in team projects to streamline and automate processes and tools to improve efficiency and controls

• Proficiency of vendor systems supporting loans, such as Loan IQ, WSO, Sentry, Geneva, etc.

Experience

• Preferably 3-6 years of understanding the intricacies of the loans’ market, real assets, project finance and documentation driven transactions.

• Familiarity with the banking and investment management industry (experience with credit strategies, registered funds, financial institutions, separate accounts and various types of investors preferred).

• Excellent communication and client service skills.

• Fluency in English language is required, German language would be beneficial

• Proficient in a high pace environment with large volume and high-risk transactions with a low tolerance for error.

• Works independently or in a global team environment and actively seek additional responsibilities.

• Highly proficient in Excel; knowledge of loan centric systems a plus

• Outstanding academic achievement, broad based work experience, and demonstrated leadership experience

• Financial degree required.

• Above all, the candidate must possess initiative and a willingness to contribute beyond the scope of one's role to achieve team and firm objectives.


For Princeton, NJ Only the salary range for this position is USD$95,000.00 - USD$127,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.


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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

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.