Blackrock Aladdin Oms

7 days ago


Singapore Zensar Technologies Full time

Client is streamlining its operating platform to reduce complexity and scale the business. One major component to that is consolidating the public markets business onto a single front and middle office platform using BlackRock Aladdin. The program involves migrating existing front and middle office systems to the Aladdin F2B platform (i.e., Aladdin Enterprise (investment platform), Aladdin Accounting, Aladdin Data Cloud and eFront Insight).

**Roles and Responsibilities**:

- Client is consolidating their Order Management Systems to a single third-party platform. Roughly ~9000 rules are being migrated over.
- Requesting support to assist with coding review, testing, rule corrections, etc., as well as ensure all compliance requirements continue to be met.
- Consultants will provide advisory and rule testing capabilities to support the OMS consolidation project.Consultant should have experience with Aladdin and rule/macro/token testing abilities.

**Activities Include**:
Planning and Data Model Design:

- Document Project Plan, Coding Approach and Schedule, Rule test plan and Schedule
- Agree an implementation workflow and workflow management tools
- Design a three or four tier asset classification schema based on standard industry definitions, and Client specific asset class definitions.
- Conduct workshops with compliance and risk (and other relevant parties where required) to agree asset class definitions and data model structure.
- Collate and organize contractual and regulatory rules to be implemented into a master rule library (e.g. SharePoint list)
- Categorize rules into functionality categories, e.g. credit rating, currency exposure, duration etc.

Rules and Macro Coding:

- Code compliance Macro BQL, as per agreed asset type/class definitions and security classification structure
- Agree rule coding standards for each contractual rule category. (e.g. the definition of a country)
- Code compliance rule BQL based on rule-type categories to generate efficiencies and consistency
- Build and document Client Aladdin Macro and Token Libraries
- Identify any custom rule types and/or calculations and liaise with BRS development team to agree compliance Token development for those requirements.
- Set up a large Client portfolio group covering asset types required compliance macros
- Run assets against the macros to ensure correct asset capture by each macro
- Document Macro Test results

Rule, Macro and Token Testing:

- Testing rules based on rule-type categories to achieve efficiency
- Testing rules according to standardized test procedures
- Measuring and comparing test results against real portfolio holdings on a post-trade basis
- Conducting standardized pre-trade test scenarios to ensure functionality
- Documenting Testing Results, into standard test result templates
- Standardized review of all rules coded and tested across categories defined
- Review of all results and outputs from Rule Testing phase
- Investigate and analyze Aladdin compliance violations. Reconcile violations against the equivalent violations in Sentinel.
- Bed down production tasks and processes, and conduct training



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