Vice President, Product Oversight & Governance / Wilmington, DE

About this role

About BlackRock

Are you searching for a rewarding, exciting, dynamic opportunity with the world's largest asset manager? Look no further! At BlackRock, we are seeking a hard-working professional to join our Wilmington based Alternative Product Oversight team supporting our wide fund range of Alternative products, including Hedge Funds, Global Fixed Income, Real Estate Equity, and bespoke Credit Opportunities.

We will embrace your rare skills, eagerness, and passion while giving you freedom to grow professionally and as an individual. We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $14 trillion of assets under management we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Join and experience what it feels like to work in an organization that makes a difference.

Team Overview

Alternative Product Oversight Team

Alternative Product Oversight (POG) is a unit within Business Operations. POG team members are responsible for product structuring, design of operating model, service provider selection, financial modeling, and launching/ changing/ and liquidation of funds. POG works closely with several other internal teams to deliver quality and value to our shareholders including but not limited to teams responsible for accounting oversight, portfolio management, financial reporting, product strategy, Board governance, pricing, tax, legal and compliance. POG members work closely with external service providers, clients, and regulators.

Role Responsibility: POG [level]

• Launching and designing operating models for new Alternative Funds in conjunction with various operations and product teams.
• Participate in construction of Private Fund Offering documents with legal, tax, and portfolio management teams to meet client needs.
• Negotiations with and hiring of external service providers for outsourced functions including Fund Administration, Custody, Transfer Agency, and auditors.
• Coordinating expansion of existing funds to accommodate growth based on client feedback.
• Prepare presentations to BlackRock governance bodies (e.g., fund boards) and committees, as well as investors.
• Financial modeling for fee constructs within both Open and Closed end vehicles; preparation of fund expense structures and complex waiver arrangements.
• Review and challenge policies and procedures assess the operating model for risk and efficiency, with a focus on automation and technology advancements.
• Participate in the investigation of operating events and coordinate with cross functional colleagues.
• Oversee liquidation of funds with various internal and external teams once useful life of fund has run its course.
• Coordination of liquidity management tools for portfolio management teams within Alternative Funds.
• Build good relationships with business areas within BlackRock to support effective cross-functional engagement.
• Contribute to ensuring compliance with all relevant BlackRock policies and with regulatory requirements impacting the funds.
• Various project work including owning and reporting of management metrics to senior Business Operations leadership.

Experience

• 3-7 years of investment management industry experience with private or public fund structures such as Hedge Funds, REITs, Private Equity or Private Credit, open- and close-end mutual funds, or exchange traded funds.
• Accounting, reporting and investment operations for a broad array of domestic and foreign equity, fixed income, financing and derivative investment holdings, and private investments.
• Diverse range of fund expense structures (unitary and pass thru) and methods for waivers, caps, allocation, and application of break points.
• Knowledge of management fee, performance fee, and carry calculations.
• External service provider oversight and control environment assessment.
• Strong project management experience recommended.
• Public accounting or Middle Office experience a plus.
• Accountability and ownership of key functions and special projects.
• Vendor management or negotiation experience.
• Good understanding of the fund valuation and associated transaction lifecycle and key control frameworks.
• Solid prioritization skills and ability to handle competing priorities.
• Proven track record in implementing change management.
• Develop practical and pragmatic solutions through a ‘hands on’ approach.
• Strong verbal and written communication capabilities with all levels, including portfolio managers, fund directors, external auditors, senior management, and vendors.
• Initiative, drive, and enthusiasm.
• Excellent attention to detail and passion for performance.
• CFA, CMA, CPA, or CAIA recommended.

For Wilmington, DE Only the salary range for this position is USD$100,000.00 - USD$143,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

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.