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Vice President, Securities Lending Operations

Company: Blackrock, Inc.
Location: Wilmington
Posted on: March 21, 2023

Job Description:

DescriptionAbout this roleIs your passion providing high-caliber service to clients while building and encouraging positive relationships? Want to use your unique background to make an impact on the clients we service in a culture that flourishes on quality, innovation, collaboration and accountability? At BlackRock, we are pursuing a Securities Lending Vice President who is curious, collaborative, analytical, and hardworking. We recognize that strength comes from diversity, and we will embrace your rare skills, inquisitiveness, and passion while giving you the opportunity to grow expertly and as an individual.Team OverviewTechnology & Operations(T&O) is responsible for the firm's worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third-party provider networks. Global Investment Operations (GIO), function within T&O, is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. GIO spans Trading & Market Documentation, Transaction Management, Collateral Management & Payments, Asset Servicing including Corporate Actions and Cash & Asset Operations, and Securities Lending Operations. GIO provides operational service to BlackRock's Portfolio Managers and Traders globally to ensure we provide better service to our end clients.The distributed team works in close alignment with the Securities Lending business, the team plays a key role in the delivery the product and 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 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 helping the business 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.Role Responsibility

  • Manage and ensure timely loan and return settlement in all markets and resolve related issues daily
  • Ensure appropriate collateral is agreed and transacted with counterparties daily. Calculate margin requirements to ensure compliance with internal and client guidelines, and provide reporting to auditors, management and clients
  • Ensure sufficiency management is reviewed with appropriate actions taken to mitigate securities lending risks to client investment portfolios
  • Follow established procedures and perform appropriate controls (including cash, security and collateral reconciliations), while exercising good judgment in managing risk and following escalation procedures
  • Coordinate and manage 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
  • Build and maintain close relationships and partnerships with Securities Lending and other BlackRock colleagues, as well as with external service providers, custodians and counterparties
  • Develop expertise in local market practices through experience, training, classes and outside research, to ensure best of class service
  • Support the continued evolution of 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
  • Seek to influence the marketplace through participation in industry associations and vendor initiativesTo ensure success, you will have the following qualifications:
    • Self-starter who enjoys operating in a fast-paced, high-intensity environment, who can lead a team, set, and drive agendas by working as part of a distributed team
    • A passion for managing people; at least 5 years of experience of people management
    • Creative individual, who possess a passion for problem solving, has superior analytical skills and can think creatively
    • Deep interest in data, metrics, analysis, and trends but also an ability to think strategically and keep sight of the bigger picture
    • Possess an entrepreneurial drive and technical insight to identify control gaps and drive operational improvement initiatives
    • Excellent communication and presentation skills and able to convey sophisticated concepts simply and clearly
    • Has the ability to influence and collaborate with internal partners to push through agendas
    • Proven track record of owning an operational process, and through optimization, can demonstrate the creation of scalability, capacity creation, risk reduction and benefit to the end client
    • Identify, manage, and remediate all aspects of daily Operational risk embedded within workflow. Regulatory background with strong risk awareness
    • Comfortable collecting and distilling operational improvement requirements from users to provide technology partners with a clear understanding of enhancement opportunities
    • Experience using data to drive decision making and strategy, and a willingness to challenge the status quo
    • Customer service oriented and experience facing off with clients or partnersOur benefitsTo 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 modelBlackRock's current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.About BlackRockAt 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 -- Instagram: - Twitter: - LinkedIn:BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.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.

Keywords: Blackrock, Inc., Wilmington , Vice President, Securities Lending Operations, Executive , Wilmington, North Carolina

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