Derivatives Onboarding, Aladdin Business Analyst

Date Posted: 02/03/2025

Hiring Organization: Rose International

Position Number: 477600

Job Title: Derivatives Onboarding, Aladdin Business Analyst

Job Location: Boston, MA, USA, 02116

Work Model: Hybrid

Shift:

9am-5pm Monday-Friday; 37.5 hrs/week

Tuesday/ Wednesday/ Thursday in office

Employment Type: Temporary

Estimated Duration (In months): 16

Min Hourly Rate($): 48.00

Max Hourly Rate($): 63.00

Must Have Skills/Attributes: Business Analysis, Derivatives, Microsoft Office

Job Description

***Only qualified Derivatives Analyst candidates located near the Boston, MA area to be considered due to the position requiring an onsite presence***

Required Education/Experience:

• Relevant undergraduate education or advanced degree - Business Administration, Finance, Economics, etc. required

• Minimum 7 years of relevant industry experience with at least 5 years of hands-on experience in derivative products. Familiarity with Aladdin is an advantage.

Required Qualifications:

• Familiarity with derivative instruments including Repos, TBAs, Futures, Listed and OTC options, FX, Swaptions, TRS, IRS, CDS, other OTC and Centrally-Cleared Swaps

• Familiarity with derivatives trading and collateral agreements such as Clearing Agreements, Give-Ups, ISDA/CSAs, GMRAs and MSFTAs.

• Familiarity with various fund structures: mutual funds, pooled funds, private funds, UCITS, institutional accounts and life insurance general account.

Soft Skills:

• Solid organizational skills, attention to detail and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities.

• Team player with demonstrated experience building and maintaining good working relationships both internally and externally.

• Excellent analytical skills and the ability to think through problems, assess a variety of factors and recommend solutions.

Preferred Qualifications:

• Familiarity with Aladdin, Blackrock’s investment management system.

• Asset Management and Insurance Company industry experience an asset.

Required Technical Skills:

• Familiarity with MS Office suite.

Responsibilities:

• Act as the main point of contact on behalf of the Asia and North America Derivatives Onboarding teams on the project to implement Blackrock’s order management system, Aladdin. Keep these teams informed on the progress of the project. Seek guidance from these teams as needed to ensure new processes are consistent and agreed globally.

• Quickly become familiar with the current derivatives onboarding processes to understand how the implementation of Aladdin impacts these processes.

• Engage with the traders and portfolio managers to understand how the derivatives trade process will work differently on Aladdin and how that impacts the derivatives onboarding and broker restriction process.

• Engage with derivatives brokers as needed to analyze the impacts of the Aladdin implementation on derivatives trading.

• Attend project meetings and identify the impacts to the current derivatives onboarding process.

• Lead the testing of new functionality in Aladdin that will be used by the derivatives onboarding team.

• Engage the Asia and North America Derivatives Onboarding teams to review and agree new processes in Aladdin and thoroughly document these new processes. Ensure that all new risks have been identified and a robust control process is implemented to mitigate these risks.

• During project downtime, assist the Derivatives Onboarding team as follows.

• Coordinate the onboarding functions for new accounts to use derivatives and for existing accounts to add additional brokers.

• Support Traders need for best execution by setting up the full range of desired derivatives brokers.

• Coordinate derivatives trading operational readiness within the Global Derivatives Services team including middle office, operations and collateral management.

• Maintain an accurate and complete matrix of accounts, authorized derivative products, derivatives legal agreements and active brokers.

• Contribute to the successful management of external broker relationships.

• Take ownership of side projects to clean up records and validate broker setups.

Additional Details:

• Solid organizational skills and attention to detail are a must.

• Worked in derivative operations and collateral management, at institutions such as State Street, RBC, etc.

• Participated in a technology project related to derivatives.

***Individuals with trading, sales, relationship management, and client service roles background are not a fit***

• **Only those lawfully authorized to work in the designated country associated with the position will be considered.**

• **Please note that all Position start dates and duration are estimates and may be reduced or lengthened based upon a client’s business needs and requirements.**

Benefits:

For information and details on employment benefits offered with this position, please visit here. Should you have any questions/concerns, please contact our HR Department via our secure website.

California Pay Equity:

For information and details on pay equity laws in California, please visit the State of California Department of Industrial Relations' website here.

Rose International is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender (expression or identity), national origin, arrest and conviction records, disability, veteran status or any other characteristic protected by law. Positions located in San Francisco and Los Angeles, California will be administered in accordance with their respective Fair Chance Ordinances.

If you need assistance in completing this application, or during any phase of the application, interview, hiring, or employment process, whether due to a disability or otherwise, please contact our HR Department.

Rose International has an official agreement (ID #132522), effective June 30, 2008, with the U.S. Department of Homeland Security, U.S. Citizenship and Immigration Services, Employment Verification Program (E-Verify). (Posting required by OCGA 13/10-91.).