International Market Structure, Global Trading (Associate)

London, England, United Kingdom

12/13/2024

About This Role

Associate, International Market Structure

The Market Structure team sits within BlackRock’s Global Trading organization which provides execution services globally across all asset classes and collaborates with investors and market participants to improve investment performance. The team is responsible for leading Global Trading’s strategic response to commercial, regulatory and technology driven changes in capital markets. The team engages externally with the industry and our public policy colleagues to advocate with policymakers, provide thought leadership, shape market structure, and represent BlackRock’s view on regulatory issues which affect trading. The team’s remit also spans the management of our OTC clearing activities, executing our trading venue strategy, and working with internal functions to design and implement solutions to conform with regulatory changes. The team works closely with BlackRock’s strategic partners, such as dealers, clearing brokers, trading platforms, and CCPs.

The team is seeking a junior team member to contribute to the various initiatives of the team. This role will require working with key business partners, both internally and externally to develop BlackRock’s strategy. This role offers excellent learning and career opportunities as part of a diverse team. This role offers excellent learning and career opportunities as part of a diverse team. This position is based in London.

Responsibilities

• Provide ongoing oversight and support to trading teams for cleared swap workflows and intraday credit limits
• Contribute to and prepare materials for quarterly OTC clearing steering committee meetings
• Evaluate new technology / execution platforms to determine potential impact to trading and identify emerging industry trends
• Review opportunities to clear new products available in the market and develop cost-benefit analysis of such offerings (e.g. margin impact & fee analysis)
• Lead key regulatory and/or strategic projects for global trading
• Work closely with strategic partners (e.g., dealers, clearing brokers, trading platforms, CCPs, etc.) to define and implement business models and platform enhancements
• Provide input into our electronic trading strategy to evaluate new functionality, platforms and connectivity across asset classes
• Prepare for and participate in external market structure meetings with key stakeholders: regulators, exchanges, CCPs, clearing brokers, industry associations / industry working groups
• Partner with public policy team to develop BlackRock ViewPoints and comment letters and/or responses to proposed regulation that will impact trading or liquidity.
  
  

Skills & Qualifications

• 2+ years of experience in financial services; knowledge in trading, derivative markets, regulatory landscape or trading technologies is an advantage
• Understanding of financial markets across asset classes (FI, equity, FX, repo)
• Excel and PowerPoint skills including the ability to leverage key functionalities to analyse and interpret data, and deliver presentations
• Strong communication and interpersonal skills with the ability to write and deliver presentations
• Ability to coordinate and lead projects amongst different levels & functions across the firm
• Good interpersonal skills to facilitate engagement with colleagues and deliver updates to key stakeholders
• Prior experience or interest in working with data (knowledge of SQL/Python a plus but not crucial) and performing quantitative analysis
• Desire and willingness to innovate
  
  

Our Benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.