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Associate, Institutional Product Development - Alternatives

BlackRock

BlackRock

Product
New York, NY, USA
Posted on Friday, July 21, 2023
Description

About this role

BlackRock's Global Product Group is hiring an experienced Associate to lead product development for alternative investment private funds.

Key responsibilities include:

  • Drive the success of BlackRock’s Alternative products launched in the US by managing new product development and product lifecycle events
  • Collaborate with teams on proposals for potential Private Fund product launches and changes to existing products, including advising on product structuring and overseeing...
Description

About this role

BlackRock's Global Product Group is hiring an experienced Associate to lead product development for alternative investment private funds.

Key responsibilities include:

  • Drive the success of BlackRock’s Alternative products launched in the US by managing new product development and product lifecycle events
  • Collaborate with teams on proposals for potential Private Fund product launches and changes to existing products, including advising on product structuring and overseeing creation of legal docs
  • Partner extensively with global colleagues in Client Business, Alternative Specialists, GAAPS, Product Strategy, Legal & Compliance, Tax and Risk to build consensus, ensure global alignment and consistency of processes
  • Acquire and maintain a thorough understanding of BlackRock’s processes, operating environment, and investment products while communicating unique requirements of our funds to business partners
  • Identify, evaluate and tackle potential obstacles and risks

What we look for:

  • Results-oriented self-starter focused on execution with ambitious work ethic and professional disposition
  • Ability to build relationships and work with all levels of personnel within BlackRock, including investment teams, global sales teams, operations, risk, legal and compliance, etc.
  • Passionate about problem-solving and continuous learning
  • Willing and able to learn new toolsets and approaches as business needs change
  • A standout colleague who takes a collaborative approach, but is also comfortable working independently
  • Organized and precise, with the ability to prioritize effectively, multi-task quickly, and efficiently adapt to new situations in a fast-paced environment, often working under tight timelines
  • Thrives in analytical and collaborative settings and can provide oversight and solutions-oriented outcomes across the Private Fund platform

Skills and requirements:

  • BA/BS required
  • 5+ years of investment management industry experience
  • Knowledge and understanding of investment management products and asset classes, particularly Private Funds
  • Demonstrated ability to lead complex projects with various stakeholders to completion
  • Familiarity with distribution channels, portfolio management concepts, product development, open-end private fund structuring, and/or product tax is preferred
  • Effective communication and presentation skills
  • Attention to detail
  • Proficiency in Excel and PowerPoint

For New York City only: The salary range for this position is $109,250 – $130,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 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 model

BlackRock’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 3 days in the office each week, with the flexibility to work from home up to 2 days a week; some business groups may require more time in the office due to their roles and responsibilities. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. 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.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.