eFinancialCareers

• Company

  BlackRock Inc.

• Location

  USA-NY-New York City

• Compensation

  not disclosed

• Position Type

  Employee

• Employment type

  Full time

• Updated

  03 Jul 2008

• eFC Ref no

  349608

See job description below

BlackRock is one of the world’s largest publicly traded investment management firms. As of March 31, 2007, the assets under management of BlackRock were $1.154 trillion. The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, a growing number of institutional investors use BlackRock Solutions® investment system, risk management and financial advisory services. Headquartered in New York City, the firm has approximately 5,000 employees in 18 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East. For additional information, please visit the Company’s website at www.blackrock.com

BlackRock Alternative Advisors is searching for a qualified individual to be responsible for operational due diligence activities in the New York metropolitan area. The successful candidate will report to the Head of Operational Due Diligence and Oversight function and will be integrally involved in performing on-site operational reviews, working with service providers and developing market intelligence sources.

Description

The candidate will contribute to all aspects of the Operational Due Diligence process. The Director’s responsibilities will include (but are not restricted to) the following:

Coordinate, prepare for, and conduct on site interviews with hedge fund managers CFOs, COOs, and other operational management and personnel

Perform on-site due diligence reviews on hedge fund operational support structure, internal controls, trade processing environments, process flows, and personnel

Review hedge funds’ legal documentation

Evaluate accounting and reporting processes and controls including cash management, pricing and valuation practices, and NAV analyses

Contribute to the evaluation of risk measurement, monitoring, and reporting environments

Prepare operational due diligence reports for communication to management

Develop market intelligence and industry best practice by liaising with fund administrators, prime brokers, external auditors, and attorneys

Review third party vendor relationships, agreement terms and perform on-site reviews of certain providers

Review compliance procedures of hedge funds

Requirements

The ideal candidate will have a background in public accounting, preferably 4-5 years with a Big Four audit firm, or specialized firm serving hedge fund managers. He/she must also posses a minimum of 3-5 years experience with a hedge fund or fund of funds in an operational due diligence or back office/operational related role. CPA required, MBA, CFA and/or CAIA desirable. Other requirements include:

US auditing experience

Capacity to keep the strategic vision of a company in sight while paying attention to the details of day-to-day operations

Outstanding verbal and written communication skills

Outstanding analytical and organizational skills

Demonstrated track record of sound and accurate judgment

Self-directed with a hands-on, “roll up the sleeves”, approach

Collaborative contributor who thrives in a team environment

Naturally aligned with a defined set of key corporate values, including excellence, customer care, leadership, integrity and teamwork

This position will be based in New York

With an entrepreneurial approach that encourages high performers to contribute and grow, BlackRock is emerging as an employer of choice in the investment management and technology arenas.

Qualified candidates may email their resume to

http://tbe.taleo.net/NA6/ats/careers/requisition.jsp?org=BLACKROCK&cws=1&rid=557

BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer—M/F/D/V.

Skills

See Job Description.