Pricing & Economy Associate - Data & AI - EDI
About this role Overview: Data & AI ensures that all portfolio information (Core Enterprise Data) necessary for the investment management process is complete, accurate, timely and effectively controlled using the latest technology and tools. Data & AI provides information services and solutions in support of all BlackRock and BlackRock Solutions businesses. The Pricing & Economy Group is responsible for the collection and validation of market prices for all assets and liabilities held in managed portfolios, as well as for the distribution of those prices to accounting agents and custodians, where appropriate. Responsibilities also include oversight of third-party accounting agents and custodian security pricing methodologies for proprietary commingled products, as well as daily verification of OTC derivative valuations. In addition, the team collects a wide range of market data including FX rates, interest rates, inflation levels, mortgage data and volatility data. This role requires active stakeholder management with internal and external parties as well as assisting in delivering on the vision for Data & AI. The candidate will be required to advocate the use of technology to craft innovative solutions to meet requirements of an evolving market and valuation landscape. Responsibilities: Daily Valuation Control - respond to issues arising from the daily quality control process that require expert assistance on fixed income, equity, OTC derivative valuations as well as underlying inputs such as FX rates, interest rates, inflation levels, mortgage data and volatility data. Operational Risk - Drive discussions around operating events and process improvements to help mitigate operational risk and promote a culture of compliance. Lead RCSA development for Global Pricing & Economy team. Valuation Oversight - Oversight of valuation process procedures at third party fund administrators. Policy & Process - Drive development of and adherence to operating procedures. Support the organization and oversight of Pricing governance bodies. Take responsibility for design and oversight of risk-based controls on market data and OTC derivative valuation production Identify requirements for changes in methodology or market data and work with key stakeholders to manage implementation Audit - Lead and drive internal and external audits for the Global Pricing & Economy team Vendor Management - Implement scorecards / metrics for action-focused monitoring of Pricing / Economy Vendors and Fund Administrators Ad hoc Requests - assist team with data requests, trainings and demos, business continuity efforts, valuation Committee minutes and other activities that ensure smooth running of the Global Pricing & Economy team Knowledge/Experience: Extensive experience in financial services with knowledge of valuation techniques across all asset classes Direct knowledge of OTC derivative evaluation methodologies that could be applied by vendors such as Bloomberg, ICE Data Services, Markit, JPM Pricing Direct and Refinitiv. Fluency with reviewing movements in swap curves and volatility surfaces; knowledge of Aladdin is a plus. Advanced skills in Excel, plus data management tools such as SQL. Python experience is highly preferred. Bachelor's degree in Finance, Economics or related field is preferred. Advanced skills in Excel, Word, and PowerPoint; Knowledge of PowerBI and Tableau a plus Strong organizational, planning and time management skills including ability to function effectively within a fast-paced environment and ability to multitask Proven track record in delivering on major projects with little oversight; knowledge of AGILE a plus Strong financial and quantitative abilities, including attention to detail and affinity for data analysis Excellent communication and interpersonal skills, including ability to deliver presentations, coordinate across the firm, and work in a different location than other team members Sound judgment, professionalism and discretion 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. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being.As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals.As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit | | 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.
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