Trade Operations Support-SpiderRock Advisors

About this role

SRA Trade Support Associate

Overview

SpiderRock Advisors, LLC (“SRA”), headquartered in Chicago, IL, is rapidly growing technology-enabled provider of portfolio enhancement solutions to the wealth management and institutional allocator segments of the ~$80 trillion global asset management industry. SRA specializes in the design and implementation of customized derivative enhancement and overlay strategies and other alternative strategies for wealth managers and their clients. Many prominent investment advisors and have adopted the SRA platform to have access to its innovative portfolio enhancement strategies, thus driving its growth in assets under management.

About this Role

Are you an Operations Professional, with options experience, searching for an exciting and challenging opportunity with the world's largest asset manager? Do you pride yourself on building positive relationships, leading and developing hardworking teams and elevating performance? Look no further! BlackRock is pursuing an Associate to become a part of our team. We recognize that strength comes from diversity, and will embrace your rare skills, eagerness, and passion while giving you freedom to grow expertly and as an individual.

The SRA Operations Team provides outstanding operational support across the organization with a client-centric focus. This group manages the post trade lifecycle for cleared options, equity and fixed income products. It plays an integral role within the organization interacting with multiple internal partners and external parties.

Key Responsibilities

• Compare custodian data against internal positions and transactions.
• Work with executing brokers and custodians to resolve trade breaks.
• Act as an operational specialist for internal and external parties.
• Reply to diverse external and internal requests in a timely and professional manner.
• Collaborate with engineering, product, and client teams to ensure analytics are aligned with investment workflows.
• Conduct investigations into operations model behavior and performance, providing insights to internal and external stakeholders
• Work on projects to streamline operations, automate processes, and reduce errors.
• Effectively document and maintain processes.

Experience

• MUST HAVE knowledge of financial services and/or industry experience in Wealth/Asset Management
• Options/Derivative experience a plus.
• 2+ years of working experience
• SQL knowledge a plus
• SEI/Series 7 a plus
• Entrepreneurial drive and insight to identify control gaps and drive operational improvement initiatives.
• Project Management and Operational Improvement skills (Prince, Lean, Six Sigma) or experience working with robotics / AI would be advantageous
• Comfortable collecting and distilling operational improvement requirements from internal and external users to provide technology partners with a clear understanding of improvement opportunities
• Self starter who enjoys operating in a fast-paced, high-intensity environment, who can assist with the creation of agendas
• Creative individual, who possess a passion for problem solving, is numerically proficient, has outstanding 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
• Entrepreneurial drive and insight to identify control gaps and drive operational improvement initiatives.
• Excellent verbal communicator, capable of articulating complex problems in a simplistic manner
• Customer service oriented and experience facing off with clients or partners
• Outstanding communication and presentation skills, with the ability to convey sophisticated concepts simply and clearly

For Chicago, IL Only the salary range for this position is USD$90,000.00 - USD$120,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

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.