Due Diligence Associate – Budapest

Full-time @BlackRock in Investment Operations – Investments jobs
  • Budapest, HU View on Map
  • Apply Before : January 9, 2023
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Job Description

Join leading Investment management company BlackRock as Due Diligence Associate in Budapest, HU. refer job details to submit BlackRock job application in Budapest.


Job Title : Due Diligence Associate

Location : Budapest, HU

Job Category: Investment Operations – Investments



About this role

About Client Experience

The CX organization, situated within Technology & Operations, touches all aspects of the client journey, and is aligned across 4 key pillars: Onboarding (Contracting, Client & Product Implementation, Due Diligence), CX Operations (COM, Invoicing, Reporting), CX Delivery (Client Experience Management, Whole portfolio Solutions Servicing), and CX Transformation (COO, Projects & Engineering, Analytics, Research). Our vision is to make service so simple it becomes a source of alpha for BlackRock.

Team Summary
The Due Diligence Operations team is responsible for processes pertaining to verification of client Anti Money Laundering, Customer Due Diligence and other critical client documentation (FATCA, CRS, Authorised Signatory Lists, etc) as well as the capturing, reviewing and storage of client documents, ensuring its availability to the partners. The team presents an excellent opportunity to gain exposure to various key regulatory and operational areas involved in the client onboarding process at BlackRock.
The team forms a critical control function within the Global Onboarding Function. In addition, the function includes Onboarding Implementation (being responsible for the onboarding of portfolios and advises critical client change events such as benchmark and other investment guideline updates), and Onboarding Contracting (which owns the terms of investment management agreements with new clients to BlackRock and leading change for existing clients with respect to the contractual set up).

Job Summary
Are you looking for challenges at the largest asset manager of the world? Join our team as a Due Diligence Vice President! Your day to day tasks and responsibilities will include:

Ensuring fund distribution partners meet applicable AML/KYC requirements and that the appropriate AML/KYC process is followed for all new distributors and client file refreshes to mitigate risk to BlackRock.

Ensuring that all completed AML/KYC, tax, contractual and other documentation is accurately filed, stored and retrievable and supporting the ongoing client and firm requirements.

Accurately bringing together and reviewing contractual data and documentation for new and exiting clients, ensuring its accessibility to the wider business.

Answering queries from the business on the data here therein.

Partnering with Legal & Compliance and other internal partners to deal with exceptions and ensure our policies are appropriately followed.

Leading the development and implementation of the control environment, policies and procedures. Looking for ways to innovate and drive the business forward, delivering an outstanding client experience.

Leading projects within the remit of the team, ensuring that change implications are understood and that the client experience is assured.

Demonstrating a good understanding of the financial markets and regulatory changes, and consider how this may impact our processes and client arrangements.

Producing daily/monthly statistics for the local and global leadership and internal oversight functions, prepare policies, procedures and presentations as required.

Leading a small team, acting as a first point of contact.

Experience with handling of client documentation, preferably with either AML/KYC laws and regulations, broader documentation and data management within financial services. Any of these in the asset management industry would be useful.

Proven understanding of investment fund structures, experience with Luxembourg domiciled funds is beneficial.

People management experience gained through team management in a multinational environment.

Strong communication skills, confident, friendly and respectful individual with excellent interpersonal skills, comfortable collaborating closely with clients and colleagues at all levels.

Excellent attention to detail and analytical skills with an interest in problem solving and willingness to go above and beyond for clients.

Strong planning and organisational skills with the ability to balance and control their own priorities to meet targets.

A good teammate, able to integrate and establish trust quickly, ready to provide and accept feedback.

Excellent command (written and verbal) of English.

Professional qualifications an advantage (e.g CAMS, ICA, etc.)

Additional language skills an advantage (Spanish, German, French, Italian, Dutch, Polish).

Excellent solid understanding of Microsoft software such as Outlook, Word, Excel, PowerPoint and other IT skills.

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 pilot

BlackRock’s current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what’s important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our “One BlackRock” culture means you’ll be supported to collaborate with your new colleagues while bringing your full self to work – wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @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.

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