About this role
Being a part of BlackRock means being a part of a community of inquisitive, ambitious people who are taking on some of the world’s most complex financial challenges. And our founder-led culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.
Introduction to Multi-Asset Strategies & Solutions
BlackRock’s Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. MASS draws on the full toolkit of index, factor, and alpha-seeking investment capabilities to deliver detailed investment outcomes and innovative alpha insights. Our team of 600+ multi-asset investment professionals construct active asset allocation strategies and whole portfolio solutions across a wide spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions in the wealth and institutional channels. Currently, MASS handles over $2 trillion in assets and has a strong presence in the Americas, EMEA and throughout Asia Pacific.
Position Overview
The Business Management team in MASS coordinates non-investment operations, design and delivery on pivotal initiatives, and ongoing delivery of a robust and scalable operating platform across MASS. MASS is seeking a VP to join the Operating Platform Team (OPT) within Business Management, reporting to the global lead of OPT. This position is a NY-based role which requires interaction with many key partners, including Portfolio Management, Product Strategy, Business Operations, Legal & Compliance and Aladdin/Technology. The successful candidate will partner with various functions inside & outside MASS to progress initiatives related to process workflow improvements, operational risk mitigation, technology, analytics, data and attribution.
Key Responsibilities
Platform Improvement & Risk Mitigation
Project Management: Lead local/regional platform and technology projects and collaborating on global platform efforts; Ensure clear project structure and communication appropriate to the scale and complexity of the project to partners, team members and portfolio managers
Platform Change: Represent MASS on select larger PMG, Investments or Platform-wide regulatory or operational initiatives. A recent example includes transition to T+2 to T+1 standard settlement for US, Canada, Mexico public markets.
Operational Risk: Coordinate response and remediation for op events, while ensuring appropriate communications to senior management; subsequently, drive risk remediation discussions to mitigate future operating risk
Data & Permissions: Navigate and manage permissions structures for Aladdin, Azure Dev Ops, Wiki and other PM tools
Model Risk & AI Management: Work with investors to enforce firmwide Model Risk framework & navigate new AI policies & guidance,
Internal Audits: Supervising & assisting on internal audits as liaison between Internal Audit and MASS
Private Asset & MNPI Governance – Work with Compliance on inquiries for non-public deal opportunities and reviewing impact for deals inside and outside MASS and their impact.
Workflow Enhancement & Implementation: Perform and document Investor/PM and wider MASS platform workflow reviews
Technology, Data & Analytics
Collaborate with key technology and operating business partner, such as Aladdin Daata, to drive MASS tactical & strategic priorities to completion, such as improving 3rd party & BLK fund data model.
Understand and continuously self-educate on how MASS PMs leverage the Aladdin toolset (PfC, A4, Pi, Capital Flows Entry, Astro, Dashboard) in order to predict issues and think of creative and practical solutions to technology & analytical obstacles
Implement new tool functionality and introduce to MASS, including organizing team training
Assist on-desk citizen developers to navigate the Software Risk Policy & Standard
Localized Business Management
Be a local contact for oversight of compliance policies like FINRA registrations, information security and marketing materials
Work with local team leads in NYC to own space planning solutions
Lead local business continuity planning
Support efforts with hiring managers to onboard new hires seamlessly
Skills and Qualifications
Proven experience (7+ years) in financial services, with sound knowledge of investments platform, including BLK Aladdin
Strong process awareness with ability to recognize and address operational risk issues, including navigating and influencing partner teams
Experience in reviewing and designing business processes, including for technology challenges and end-to-end operational workflows, with a demonstrated ability to implement and deliver those designs
Strong interpersonal and problem-solving skills in a fast-paced environment
Effective communicator possessing excellent verbal and written and visual/presentation skills
Self-starter personality with excellent attention to detail
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.