Product Structuring and Development, Vice President

About this role

Global Product Solutions (“GPS”)

Product Development and Structuring is viewed as a core global discipline at BlackRock, where it has been recognised that successful product development is the focal point for the impartial analysis of new ideas and brings together different skills from around the business to turn those ideas into realistic product propositions aligned with BlackRock’s priorities. 

Global Product Group (GPG) Fund Product Structuring – Vice President

We are seeking a Vice President to work in GPS Product Structuring in London focussing primarily on BlackRock’s Irish-domiciled fund ranges.  

GPS Product Structuring is a division of GPS which leads decision making in relation to the structuring of products advises the business in relation to asset management product regulation. The team comprises qualified funds lawyers and is responsible for, amongst other things, navigating multi-jurisdictional frameworks to structure optimal solutions for clients and BlackRock, managing fund offering documents, and engaging with the boards of directors and regulators to obtain approvals of new product launches and changes to products. The team also plays a crucial role in regulatory thought-leadership both within BlackRock and externally.

This is a high profile role focussed on BlackRock and iShares public funds. The role is business critical given the importance of sound regulatory and range advice to support products that are delivered efficiently within a robust governance structure to protect the integrity of the firm.

 Responsibilities

• Provide advice to the sales, portfolio management, strategy teams and wider business on the most appropriate product structures and solutions for pooled products.

• Responsible for fund offering documentation (including drafting, managing multiple stakeholder amendments and comments, ensuring compliance with appropriate regulations, working closely with the multiple global functions).

• Oversight of relationship with external legal counsel, including review of costings and service levels.

• Manage the Management Company and Fund Board relationships, including the regulatory process for fund launches, repositionings and closures.

• Partner with stakeholders within GPS and with other teams within BlackRock (such as client facing teams, portfolio management, operational teams) to implement the product strategy, development and change agenda.

• Support the strong governance and control framework in place across BlackRock EMEA with robust processes and procedures in place to meet all regulatory and statutory obligations.

• Engage in industry/regulatory consultations and participate in external industry events, as and when appropriate.

• Partner with Global Public Policy Group as thought leader on product regulation.

Experience and key personal attributes

• Qualified lawyer (3+ yrs PQE) from a leading law firm or asset management company with experience in structuring UCITS and/or AIF funds. Your practising certificate will be maintained.

• Strong understanding of a broad range of financial instruments, asset classes and investment strategies. Experience with products intended for both retail and professional investors would be beneficial.

• Strong working knowledge of all aspects of UCITS and AIFMD.

• Experience of presenting to senior forums including boards.

• Experience with the CBI’s regulatory approval processes would be beneficial.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 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.

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 Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.