Is this role in Blackrock FO/MO/BO?
I was wondering what does this role entail. It is under the Investments/Portfolio Mgmt umbrella which confuses me. The description does sound back office-ish. Is this FO or MO?
The position is called Product Services Analyst for Securities Lending, and responsibility is for the oversight and successful execution of the post-trade securities loan process. The Product Services team plays a key role in supporting revenue generating activities for the securities lending product by ensuring the optimal allocation and availability of lendable inventory, in addition to effectively managing risk for the product. The team also plays an important role in supporting the growth of the business by flexibly adapting to emerging business opportunities and client needs, and is also responsible for managing key relationships with counterparties and external providers and vendors.
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Job Description:
Manage and ensure timely loan and return settlement in all markets, and resolve related issues daily.
Optimize allocation and availability of lendable inventory in alignment with various investment management activities
Ensure appropriate collateral is agreed and transacted with counterparties on a daily basis. Calculate haircuts, concentration levels, ensure compliance with internal and client guidelines, and provide reporting to auditors, management and clients.
Follow established procedures and perform appropriate controls, while exercising good judgment in managing risk and following company escalation procedures.
Oversee and manage internal and external service provider relationships – ensure successful delivery of contracted services, proactively address and resolve issues, create and adapt service level standards and agreements to meet the evolving needs of the business.
Develop and maintain close relationships and partnerships with Securities Lending and other BlackRock colleagues (traders, portfolio managers, operations teams, technology teams, etc.), as well as with external service providers, partners and counterparties
Drive the continued evolution of the 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.
ask yourself. does this position generate revenue?
i can't tell if the above is sarcastic or not, as this position does indeed generate revenue. a ridiculous amount of revenue, in fact....
it falls within sec lending, so it doesn't really fall within the normal "front office" / "back office" mentality
put a gun to my head and i'd say this is front office or mid -- somewhere in between, perhaps
It does say that it is revenue generating, it also mentions the word settlement. Prob a mix, AM roles are much different than IB for the most part.
This is pure back office.
It could be BO or MO. Depending on the team you actually land on. IMO it's a pretty thin line between the two.
role is basically on the operations team for the sec lending team...
generates revenue = front office not front office = back office
end thread.
When I was at BGI, the predecessor to BlackRock, and one of the world's largest sec lending businesses, this job would contribute to revenue. Sec lending is pretty much an operations job, but it makes money for the firm. Don't be scared by typical job descriptions of front office vs back office. At a trading powerhouse like BlackRock, these kinds of jobs can be integrated.
If you have to ask yourself, its prob not FO
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