Our client is undertaking a major transformation to streamline its operating platform, reduce complexity, and scale its public markets business. A key initiative within this transformation is the consolidation of front and middle office systems onto a single platform—BlackRock Aladdin—including Aladdin Enterprise, Aladdin Accounting, Aladdin Data Cloud, and eFront Insight.
To support this initiative, the client is seeking experienced consultants to assist with the migration of approximately 9,000 compliance rules to the Aladdin Front-to-Back (F2B) platform, ensuring robust rule testing, coding, and regulatory compliance.
Key Responsibilities:
Rule Migration and Compliance Oversight:
· Provide expert-level support in migrating rules from legacy OMS platforms to Aladdin.
· Conduct comprehensive code reviews, testing, and remediation of compliance rules.
· Ensure that all existing and future compliance requirements are fully met.
Advisory and Testing Support:
· Deliver advisory services around OMS rule design and validation.
· Perform rule, macro, and token testing to support platform consolidation.
· Collaborate with Compliance, Risk, and Technology teams to validate and align requirements.
Core Activities:
1. Planning & Data Model Design:
· Develop and maintain a comprehensive project plan, rule coding approach, and test schedule.
· Facilitate workshops with key stakeholders to define asset classifications and rule categories.
· Design and document a multi-tier asset classification model based on industry standards and client-specific definitions.
· Organize and categorize contractual/regulatory rules into a centralized rule library (e.g., SharePoint).
2. Rule and Macro Development:
· Code compliance rules and macros using BQL (BlackRock Query Language).
· Establish and document coding standards and best practices.
· Build and maintain a robust macro and token library aligned with client’s asset taxonomy.
· Coordinate with BlackRock BRS team for any custom token or macro development.
· Create comprehensive test portfolios to validate macro and rule performance.
3. Rule, Macro & Token Testing:
· Execute pre- and post-trade compliance testing using standardized procedures.
· Validate testing outcomes against real portfolio holdings and legacy system results (e.g., Sentinel).
· Document test scenarios, expected outcomes, and actual results using standard templates.
· Review all coded rules and testing outputs to ensure accuracy and completeness.
· Assist with issue resolution, violation reconciliation, and production process stabilization.
· Provide knowledge transfer and training to client teams.
Requirements:
· Strong experience with BlackRock Aladdin, particularly in compliance rule, macro, and token testing.
· Deep understanding of order management systems (OMS) and compliance rule frameworks.
· Hands-on experience with BQL for rule development and testing.
· Proven ability to manage large-scale rule migration and validation projects.
· Excellent analytical, documentation, and stakeholder engagement skills.
Preferred Qualifications:
· Experience working with asset managers or financial institutions on OMS/platform transitions.
· Familiarity with legacy systems such as Sentinel and reconciliation between systems.
· Prior exposure to eFront Insight, Aladdin Data Cloud, and Aladdin Accounting is a plus.
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