Director, Retail Alternatives Contracts (JD required)

About this role

Do you thrive in a stimulating and multifaceted environment where legal, commercial and risk management skills are key? We are seeking a director 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!

Technology & Operations

Technology & Operations handles a breadth of services that impact the product and trade lifecycle as well as BlackRock’s client and employee experience. Tech & Ops provides solutions to evolving challenges faced by clients, employees and the firm.

Team Overview

The Contracting team is responsible for driving the successful completion of contract negotiations in support of the US open-end mutual fund, Retail Alternatives and Liquidity products lines. We manage the end-to end- contract lifecycle including facilitation of initial due diligence approvals, contract negotiations, contract execution and storage. Our scope includes new contractual arrangements and amendments to existing arrangements in the US Wealth Advisory, Cash Management and Retirement Group business channels. We work closely with our business partners and internal teams to negotiate contracts resulting in the best possible commercial outcomes for our clients while ensuring compliance with BlackRock’s regulatory and fiduciary obligations.

Role Responsibilities

• Senior contracting lawyer responsible for supporting the Retail Alternatives business line, including:
• Contract negotiation based on BlackRock’s template or client forms of agreement
• Assessment of legal, business and operational risks for escalation to impacted stakeholders
• Work closely with the Legal Department, Compliance and business on new product launches that require distribution contracts
• Serve as point person for business partners for all requests, prioritization, escalations and ad hoc queries
• Ensure that contractual documentation is executed and filed in compliance with internal procedural and regulatory/recordkeeping requirements
• Potential to lead adoption of new business lines, including:
• Assess and implement new processes, approval workflows and performance metrics
• Analyze and upgrade contract templates, negotiation playbook and approval framework
• Create/update applicable policies
• Train contracting team members

Experience/Qualifications

• 10+ years of cumulative work experience in legal contract negotiation in the financial services industry
• Proven ability to draft, analyze and negotiate legal contracts across the complexity spectrum (e.g., from template -based contracts to bespoke drafting)
• Strong written and oral communication skills that can be modified based on one’s audience (e.g., Relationship Manager, Legal Department, Client)
• Motivated by steep learning curves and highly detail-oriented
• J.D. is required
• Familiarity with mutual funds and alternatives products and related regulations
• Change management experience would be helpful

Proficiencies

• Self-starter with the ability to independently manage tasks and workload
• Able to work effectively and efficiently on multiple tasks simultaneously while maintaining the highest standard and attention to detail
• Think critically, identify and raise issues and risks in a legal contract or process
• Values working in a collaborative way and understands the importance of strong working relationships

For New York, NY Only the salary range for this position is USD$235,000.00 - USD$300,000.00 . 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. For Princeton, NJ and Boston, MA Only the salary range for this position is USD$215,000.00 - USD$250,000.00 . 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. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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 [email protected]. 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.