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Vice President, Transfer Agency Oversight (Alternative Products)

Do you thrive in a stimulating and dynamic environment where project management skills are key? Look no further. We are seeking a Vice President who is curious, analytical, and passionate to become part of our team.

At BlackRock, we strive to empower our employees and actively engage your involvement in our success! Experience what it feels like to be part of an organization that makes a difference!

The Americas Transfer Agency Oversight Team is responsible for coordinating multiple transfer agents servicing our Mutual Funds, ETFs, Closed End Funds, Registered Alternatives, Money Markets and 529 product suites. Our scope includes daily operational support of our portfolio managers cashflows, monitoring the transfer agent’s service levels, and development of new operating models and technology with the transfer agents in support of new and innovative product offerings. We partner closely with intermediary operations teams, transfer agents, vendors, as well as internal teams such as the Product Groups, Legal, Fund Administration, Risk and Compliance.

Responsibilities:

• Specialize in all aspects of a designated set of alternative investments, including tender offer funds, interval funds, REIT funds, and business development companies.
• Lead a team supporting Registered Alternative funds.
• Partner with transfer agents, intermediary partners, technology teams, sales, and relationship teams to ensure a superior client experience.
• Maintain a robust control environment by proactively analyzing errors and issues to see opportunities for process improvement at the transfer agents or within BlackRock and implement corrective action plans to prevent recurrence.
• Understand the product offerings and successfully deliver outstanding client service.
• Understand operational workflow of Alternative products.
• Knowledge of DTCC/NSCC Mutual fund processing and AIP processing.
• Conduct on-site operational visits (Health checks) with key transfer agents supporting BlackRock products.
• Participate in the agreement process with Contracts and Admin team to ensure operational capabilities for all supported products.
• Maintain a team environment passionate about risk and controls.
• Engage transfer agents and internal oversight teams to improve services and resolve open issues affecting intermediaries.
• Own the build out of operational support for new products.
• Ability to analyze new business requirements, and how to implement them within Transfer Agent Vendor and internally at BlackRock.
• Use a proactive approach to continuous process improvements, collaborating across teams and functions and purposefully drive improvements and adoption of changes.

Qualifications:

• Undergraduate degree in finance, economics, business, or a related field.
• A comprehensive understanding of sophisticated financial products, including alternative investments.
• Minimum of 5 years management experience in the asset management industry.
• A deep understanding of intermediary and transfer agency operations, including AIP processing.
• Prioritize relationship management skills – the ability to work with senior leadership, key clients, and internal teams.
• Seek opportunities for enhancements or service initiatives and bring to completion.
• Possess advanced Excel skills, including ability to write macros.
• Maintain strong interpersonal and customer service skills.
• Work both independently and in a group environment.
• Be detail-orientated as well as possess a sense of ownership.

Other

• Travel: Some
• Direct Reports: Yes

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 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.

Associate, Quantitative Engineer

As a researcher, you will collaborate with a distributed team of outstanding academics, engineers, and investment professionals to develop methodologies for products solving a corporate-wide set of client, investor, and operational problems. Products developed often use multiple subject areas, including statistics, machine learning, and optimization, and combine original methods with pioneering solutions available in industry and academia. You will be responsible for the entire research lifecycle, from initial research and prototyping, to iterating on the system methodology, to detailing the final product and clearing internal review processes.

Responsibilities

• Work with stakeholders to translate business needs into well-scoped technical projects.
• Efficiently work well with large and sophisticated datasets to evaluate technical methodologies.
• Rapidly prototype technical solutions implementing groundbreaking tools from optimization and machine learning.
• Produce technical white papers and make clear technical presentations to senior management.
• Work with engineers and stakeholders to build productionalized solutions that are reliable, scalable, and operate in compliance with firm-wide processes.

Qualifications

• Either a PhD in a quantitative subject area (computer science, mathematics, statistics, economics, physics, engineering, or related field) with 3+ years of professional experiences or
• An MS degree in a quantitative field plus 5+ years of professional experience in optimization, machine learning, statistics, exploratory data analysis, and other aspects of the data science process
• Strong familiarity with programming languages such as Python, Julia, or R. Prefer Python as it is the language for most of the projects.
• The candidates would expect to be teched in following skills:
• Programming with computer science knowledge
• Math, logical reasonings
• Ability to reason a solution given a business problem.
• Strong theoretical background in and practical experience using optimization, statistical techniques, and machine learning, preferably shown through academic publications or open-source codebases.
• Experience with the analysis or application of data in finance, economics, sociology, or related fields is a plus.
• Ability to work within a team environment, communication skills with external business and technology experts.

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.

CorePM Portfolio Manager (Systematic Active Equity) | Associate / Vice President

Systematic Active Equity (SAE) is the quantitative equity investment group with BlackRock.  We invest our client assets (approximately $150bn) using quantitative insights captured in a scalable and repeatable process.  SAE is a pioneer and thought leader in the quantitative equity investment industry and has consistently achieved client investment goals across global equity markets for over 30 years.  Our clients include corporate pension plans, public pension plans, central banks, sovereign wealth funds and other institutional investors.

We are seeking a portfolio manager to complement our Core PM team.  SAE Core PM team members are responsible for the array of portfolio implementation and management responsibilities described below across our Developed and Emerging Market portfolios, with an emphasis on adhering to effective, risk-controlled, and consistent processes.  Team members also support on-going efforts to improve the SAE portfolio management platform as well as contribute to the research process and commercial projects.

This role has considerable scope for the right individual to have an impact on the success of the team and broader SAE business.

Key Responsibilities:

• Manage portfolio cash flows including subscriptions, redemptions and equitizations
• Manage portfolio FX exposures
• Manage derivative lifecycle events for futures, TRS, FX forwards, and options
• Manage daily processes and rebalance activity for active ETFs and other portfolios
• Rebalance futures, FX overlay and portable alpha strategies
• Ensure portfolios remain in compliance with their investment guidelines
• Monitor, submit elections, and ensure proper processing of corporate actions
• Deliver operational excellence and foster a culture of investment risk control and compliance
• Work alongside SAE Portfolio Management, Product Strategy and Research, and Business Management teams to execute key commercial initiatives and on-board new products, mandates and clients
• Partner with BlackRock business partners to drive system enhancements, and investment and trading process improvements

Preferred Knowledge & Experience:

• Degree in a quantitative field (e.g. computer science, engineering, physics, math, finance, or economics)
• 2+ years in a portfolio management-related or trading role, preferably with equities, futures, and FX experience
• Knowledge of Aladdin; programming skills in Python, MATLAB or other languages or tools are desirable
• Knowledge of iShares and ETF portfolio management is a plus
• Attention to detail, with a desire to work across a wide range of portfolio types and activities
• Interpersonal skills that align with and contribute to a culture of teamwork and constant learning

For California only the salary range for this position is $125,000 – $209,000. 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.

Aladdin Business, Strategic Relationship Manager, Associate

We are seeking an Aladdin Strategic Relationship Manager to work closely with Aladdin clients to be their trusted consultant, problem solver, and business partner – and to take full advantage of Aladdin.

Key responsibilities include:

• Own relationships with client teams including senior management to understand their business objectives and needs and help them use Aladdin expertise to achieve their firm’s goals.
• Support new revenue opportunities with existing clients
• Accountable for a piece of a large client or several small clients, including applying best practices for client management, account planning, managing CRM content
• Develop a strong understanding of the client’s business and current priorities.
• Produce and assess KPIs to support internal monitoring.
• Develop an understanding of the client’s industry and competitive landscape.
• Collaborate strongly with partner teams managing service, deployments, high value projects, and business development
• Build strong internal relationships within the Aladdin Client Business, and the wider BlackRock globally, in support of your clients

Required Skills and Experience

• 2+ years of work experience in the financial services or technology industry
• Prior experience in account management, relationship management and/ or supporting harvesting and growth opportunities
• Strong interest in FinTech, with prior knowledge of databases
• Familiarity with buy-side investment management workflows
• Proficient in market trends and industry knowledge
• Working understanding of equity, fixed income and derivative markets, and analytics
• Outstanding communication and presentation skills, with the ability to convey complex concepts simply and clearly to clients
• Self-starter who enjoys a fast-paced, high-intensity environment and works well as part of a multi-disciplinary global team

Preferred Skills and Experience

• CFA, FRM, CIMA, or CAIA certification
• Account management / relationship management with external clients