BlackRock Summer Internship – Securities Lending Analyst

Job Description:

The global team works in close alignment with the Securities Lending business, the team plays a key role in the delivery of the Securities Lending product, and in enabling the business to flexibly adapt to emerging business opportunities and client needs. It also has a meaningful role in the risk management process, as well as management of internal and external service providers. The team handles several key facets of the post-trade securities loan process, including trade support, collateral management, sufficiency management, settlement and reconciliation. As a Securities Lending Operations Specialist, you’ll work closely with colleagues globally – other operations specialists, traders, product managers, business analysts, risk managers, IT developers and client-facing teams – to support existing and new trading strategies, improve technology and reporting, and develop new products and services. You’ll have a chance to create an impact by enabling the business to capitalize on special lending opportunities, improving performance and efficiency, supporting the onboarding of new inventory and the expansion of relationships with clients, borrowers and service providers.

Job Responsibilities:

• Develop expertise in local market practices through experience, training, classes and outside research, to ensure best of class service.
• Ensure appropriate collateral is agreed and transacted with counterparties on a daily basis. Calculate margin requirements to ensure compliance with internal and client guidelines, and provide reporting to auditors, management and clients.
• Follow established procedures and perform appropriate controls (including cash, security and collateral reconciliations), while exercising good judgment in managing risk and following escalation procedures.
• Ensure sufficiency management is reviewed with appropriate actions taken to mitigate securities lending risks to client investment portfolios.
• Develop and maintain close relationships and partnerships with Securities Lending and other BlackRock colleagues (traders, product managers, technology teams, etc.), as well as with external service providers, custodians and counterparties.
• Manage and ensure timely loan and return settlement in all markets, and resolve related issues daily.
• Support the continued evolution of the Securities Lending technology platform and global process model. Participate in projects as they relate to broader business product and system development, as well as process re-design and improvement.
• Coordinate and manage internal and external service provider relationships – ensure successful delivery of contracted services, proactively address and problem solve, build and adapt service level standards and agreements to meet the evolving needs of the business.

Job Requirements:

• Direct Reports: No
• Seek to influence the evolution of the marketplace through participation in industry associations and vendor initiatives.
• Licenses: No
• Ability to multi task and be flexible in terms of working towards defined deadlines
• The ability to perform optimally in an environment of rapid and continual change
• Proficiency in Microsoft Office and an aptitude for learning new applications
• Great teammate with attention to details, problem solving abilities, and analytical skills
• Excellent communication skills to effectively articulate solutions with partners
• Travel : No
• A strong emphasis on time management in addition to being well organized and detail –oriented
• Understanding of financial markets and related instruments

Qualification & Experience:

• Bachelor’s Degree required
• Previous experience of working in a global organization preferred

Job Details:

Company: Blackrock

Vacancy Type:  Full Time

Job Functions: Legal

Job Location: Hagerstown, MD, US

Application Deadline: N/A

Apply Here

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