Private Debt Product Strategy, Wealth Focus - Associate
BlackRock
**About this role**
**About BlackRock Private Markets**
BlackRock’s private markets platform serves investors seeking outperformance in infrastructure, private debt, private equity, real estate and multi-alternatives solutions. We strive to bring our investors the highest quality opportunities by drawing upon our global footprint, superior execution capabilities, proprietary technology and position as a preferred partner.
**About BlackRock Private Debt**
BlackRock has built industry-leading Private Debt capabilities over more than 20 years, seeking to deliver attractive results throughout market cycles. Our platform provides a whole portfolio approach to investing across the risk/return spectrum, leveraging our global scale to deliver investment solutions that meet our clients' needs. Deep and experienced teams deploy capital in direct lending, opportunistic and event-driven strategies, providing solutions across U.S., European and Asian private markets. As of December 31, 2023, BlackRock manages US$85 billion on behalf of Private Debt clients globally.
**Position Overview**
The Private Debt Product Strategy team’s role is to foster (i) greater depth of client relationships, (ii) specific and extensive Private Debt strategy experience, and (iii) a differentiated service element to help BlackRock meaningfully and more rapidly increase its footprint in a quickly growing and increasingly competitive Private Debt asset class. The team will do so by leveraging its product expertise, proprietary and tenured client relationships and proven history of executing successful Private Debt fundraises. The Investor Relations pillar, which focuses primarily on outward client-facing engagement, incorporates two core (and complementary) functions, each of which require experienced and robust product knowledge: (1) fundraising (in collaboration with internal distribution partners engaging with both existing and prospective clients), and (2) servicing existing clients.
This product strategist will have a proven ability to communicate effectively with a wide range of stakeholders, work across multiple initiatives simultaneously, and develop a strong fluency in private debt markets, strategies, and vehicles. This role will be located in New York, NY.
**Key Responsibilities:**
+ Product Strategist within the Investor Relations pillar with a primary focus on products distributed through global wealth.
+ Work in close partnership primarily with Portfolio Managers, Alternative Markets Leaders and other Product Strategists to provide coordinated client coverage, strategy subject matter expertise, and market insights to clients.
+ Responsible for raising capital for the firm’s Private Debt strategies across major wire houses, independent broker dealers, RIAs, and other channels such as family offices, foundations, and endowments. Assists in client follow up, requests and analysis as opportunities progress.
+ Supports development of private debt thought leadership, market / business updates, and messaging to differentiate our products and platform from competitors
+ Identifies unique opportunities to expand our Private Debt business through product adjacencies that add value to the platform.
+ Serves as an ambassador for the firm and is viewed by wealth sales teams and end clients as a knowledgeable Private Debt strategy representative.
+ Attends (when appropriate) industry events/conferences and can join in a speaking/presenting role to represent BlackRock.
+ Demonstrates strong working knowledge of key market trends and developments.
**Skills/Qualifications:**
+ Bachelor's degree from top undergraduate institution with strong quantitative and qualitative skills; CFA/CAIA/MBA a plus
+ Minimum 5 years professional work experience in the financial services sector with Private Debt and Alternatives industry specific knowledge a plus
+ Investment and markets background, ideally with experience in credit, closed-end private equity-style products for global investors.
+ Ability to develop strong and trusting relationships with both internal and external clients swiftly and effectively.
+ Results driven individual with a high level of attention to detail.
+ Leadership - ability to influence, inspire people, while also working in a collaborative team culture.
+ Strong written, verbal and interpersonal skills to communicate sophisticated concepts and ideas.
+ Capacity to move fluently between clients, relationship managers and portfolio managers to provide value-add perspective and deliverables.
+ Understanding of key drivers of success and a working knowledge of our competitors
+ Ability to effectively execute on decisions in a fast-paced environment.
+ FINRA Series 7, 63 licenses (or ability to obtain within 6 months)
For New York City only: The salary range for this position is $115,000 - $147,500. 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 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.
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