About this roleAssociate, Treasury (PFS) Department Description The Treasury team sources and negotiates bespoke financing for Illiquid Private Credit investments (aka Single Asset Financing). They are also responsible for mitigating the impact of currency and interest rate volatility on investments, overseeing all currency, interest rate hedging, and ensuring compliance with regulatory obligations. The Treasury team works closely with Investment teams, Deal Execution, Fund Accounting and Fund Finance teams to ensure liquidity management and optimization of resources.
Position DescriptionHPS is currently seeking to recruit an Associate level candidate to join the Treasury team in New York to support the PFS platform. The role will include operational support for credit trading activity.
Responsibilities Specific responsibilities will include but not be limited to the following:
- Reporting to the Head of Treasury and assisting in coordination of activities across the team.
- Support portfolio liquidity reporting for Public Credit Trading Funds involving Prime Brokerage, Loan Facilities and structured financing vehicles.
- Fulfill ISDA and bespoke financing reporting requirements.
- Provide operational support for credit trading activity.
- Assist AML-KYC onboarding and required documentation of new fund launches.
- Resolve trade-related problems such as trade breaks, allocation and settlement issues.
- Liaise with various counterparties on treasury issues impacting the Fund's investment portfolio.
- Support daily position reconciliation, trade settlement and valuation of traded hedge assets.
- Maintain data integrity of internal trade capture, risk, and performance reporting systems.
- Assist in ad-hoc projects (Treasury Management System Onboarding, Exposure Reporting, etc.)
Candidate Profile - Bachelors degree in Finance or Business related field.
- 3+ years of work experience in credit based financial services.
- Positive attitude with a willingness to work hard and be on a steep learning curve.
- Diligence with a demonstrated problem-solving ability.
- Must be willing to work on, and learn, new software applications.
- Ability to liaise with different infrastructure Teams and Investment professionals.
- Knowledge of VPM, Microsoft PowerBi and Bloomberg preferred.
- Adhere to the highest ethical standards, personally and professionally
- MS Office Suite Proficiency (Excel/PowerPoint,etc.)
LocationEmployment Type For New York, NY Only the salary range for this position is USD$105,000.00 - USD$135,000.00 . 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 benefitsTo 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 modelBlackRock'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.
Guidance on AI use for candidatesAt BlackRock, AI has long been part of how we work - enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we've provided
guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
