BlackRock Regulatory Thresholds Reporting Analyst in Budapest, Hungary
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services too 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.
At BlackRock we are building something great in Budapest, our new global technology and Innovation hub, where we want to shape a culture in which challenge, development and innovation happen every day. Our mission as an organisation is create a better financial future for our clients and BlackRock Budapest will enable this, through a relentless drive to make ourselves and our communities better. We are a diverse bunch of people who like to analyse, reinvent, and enhance how we work, and all in the pursuit of a better experience for our colleagues and clients. We offer The excitement to be a founder in a start-up with the security of a global, leading organization, where you will find innovation and inclusion are our competitive advantages. There are limitless problems to solve and opportunities for learning and development, alongside a team of clever and caring colleagues. Our culture is one of respect, challenge and stretch and we expect and value feedback. We believe that people reach their best potential when the different facets of their home, work and community are all cared about. We will have a fun, fast paced work environment located in cutting edge facilities, with competitive and innovative benefits, and the ability to define your role, pursue your aspirations and shape your future within Hungary and beyond.
The Portfolio Compliance Group (PCG) is a global group which sits within the Aladdin Portfolio Services (APS) one of the core functions within the Business Operations Group at BlackRock. Portfolio Compliance is responsible for implementing and running controls & processes to ensure we are compliant with all applicable regulatory and portfolio issued guidelines. It covers trading and investments, including pre- and post-trade compliance; mutual fund monitoring and reporting; and regulatory threshold monitoring and reporting; global syndicate offering review; ERISA & Fiduciary monitoring, and Global Thresholds reporting.
The Regulatory Thresholds Reporting team is primarily responsible for the monitoring and reporting of the large shareholdings, short trading and Takeover Panel transaction to each of the regulators in EMEA, covering all global investments in these countries, as well as responding to internal and external requests for information on the firms positions in companies and securities. The group is engaged with and provides services to many other departments across the firm in particular; Portfolio Management, Legal & Compliance, and Corporate Governance, as well as working closely with other Business Operations and Technology teams. It is one of the highest areas of focus in EMEA at present due to the increasing complexity and importance of European regulatory requirements for shareholding reporting.
The specific role, based in Budapest working in the Regulatory Reporting team, will be primarily focused on Threshold reporting activities for the EMEA team.
► Day to day support for the Thresholds Reporting Team. This involves:
► Report holdings that have reached prescribed thresholds
► Review system reports of shareholdings against trade movements
► Make necessary disclosures in an accurate and timely manner
► Maintain clear records of all filings and communications
► Support improvements in relation to processes and controls that create capacity and scale
► Support further automation of Thresholds processes
► Engage with colleagues from different departments in a timely, accurate, and professional manner
► Support colleagues with internal and external queries relating to shareholdings
► Maintain and document procedures
► Exposure to multiple business groups and investment products across Blackrock globally
► Daily interaction with business groups including Business Operations, Legal & Compliance and Technology
► 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
Knowledge / Experience
► Experience of working in the investment management industry or investment banking
► Experience of regulatory shareholding disclosures is a preference, but not a necessity
► Working in a team with daily, important deadlines, performing complex tasks
► Proof or performing important work accurately and consistently, following set procedures
Skills / Qualifications
► Strong IT skills
► Proficient in Microsoft applications, i.e., PowerPoint, Excel, and Word
► Strong academics with a background in finance or similar fields
► Some experience with Visual Basic / SQL (preferable)
► Excellent verbal and written communication skills
► Capable of building strong working relationships and interacting professionally at all levels of seniority and across multiple cultures
► Ability to convey complex concepts simply and clearly to target audience
► Ability to self-manage workloads and work to deadlines
► Ability to think clearly and remain calm in stressful/busy situations
► Analytical mind and approach
► High attention to detail and accountability
► Pro-active approach to issue resolution
► Ability to work effectively on your own as well as within a team
The Portfolio Compliance Group at BlackRock is seeking outstanding candidates to join a vibrant and growing team. The group is a critical unit within the organization and is a central link in the investment process. The position has significant visibility with senior management and direct interaction with other units of the firm.
Job Function: Operations
Organization: Tech & Ops-Business Operations
Title: Regulatory Thresholds Reporting Analyst
Primary Location: EMEA-Hungary-Budapest
Requisition ID: 172933
Job Posting: Oct 5, 2017, 2:15:58 AM
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