About this role
Position Overview:
BlackRock’s Financial Institutions Group (FIG) develops and fosters connectivity and drives business outcomes with insurance companies by leveraging insurance expertise, a global platform, and BlackRock’s leading capabilities in asset management, markets advisory, and risk technology.
BlackRock is the largest and leading 3rd party manager of insurance assets in the world, and the insurance practice is a strategic focus at BlackRock. The FIG team oversees relationships with over 400 insurance companies globally, covering over $600 billion of invested assets across public and private fixed income, equity and multi-asset investment strategies. The FIG team’s specialization and focus on insurance promotes a solutions-oriented approach to meeting the unique needs of insurance companies and the insurance industry broadly. We pride ourselves on being creative and solutions-oriented in delivering BlackRock’s platform to a sophisticated client base, bringing our clients scale via access, expertise and service.
Description:
BlackRock’s FIG Strategy team is looking for a Vice President to join the team, based in New York, reporting to the Head of Strategy for FIG Americas. This person will be responsible for driving business strategy and strategic transactions, and have the opportunity to work closely with the FIG senior leadership team and gain exposure to other executives throughout BlackRock.
Responsibilities:
The Vice President of Strategy for FIG will be responsible for:
- Developing and executing business strategy for the FIG group, the world’s largest 3rd party insurance asset management platform, synthesizing industry data, trends and observations with BlackRock’s own platform strengths to drive informed decision-making that will continue to propel the success of the FIG and BlackRock platforms, and ensure FIG and BlackRock remain front-footed in meeting the evolving needs of our clients
- Support and execute high-leverage cross-functional initiatives that require a holistic understanding of industry trends and BlackRock’s platform. The Vice President will have the opportunity to work with different members of the FIG team, different groups within BlackRock, on a global basis and across seniority levels.
- Source, evaluate and execute strategic relationships, partnerships and investments in the insurance space that enhance growth opportunities, secure significant assets under management and related revenues, and catalyze in-focus asset management capabilities
Development Value:
- Experience in developing and driving critical business strategy and transactions for the world’s largest 3rd party insurance asset manager, situated within the world’s largest and leading asset manager
- Exposure to senior leaders in the FIG, executive, client, and investment functions within BlackRock, as well as to senior management and executives at insurance companies, investment banks, and advisors
- Potential development to broader responsibility and leadership roles within the FIG, Strategy and/or broader FIG business
- Significant latitude to develop areas of specialization within insurance asset management; product, region, strategy, client type, etc.
- Strong track record of people migrating from FIG into elevated roles within a business due to the strong strategic thinking skills developed
Experience & Capabilities:
- Bachelor’s degree with strong record of academic achievement
- Minimum of 5 years professional work experience in financial services investment banking or consulting, or in the life insurance or reinsurance sector; deal transaction, corporate strategy, and corporate development experience will be viewed favorably
- Domain expertise in insurance and/or insurance asset management, including knowledge of insurance products, insurance investments, strategy, and regulatory and rating agency frameworks
- Track record of identifying opportunities, building strategies and driving change through creativity, relationship building and focused execution
- Excellent problem-solving and communication skills; ability to distill complex ideas into clear and concise concepts
- Strong quantitative skills, including familiarity with financial statements and financial modeling
- Ability to manage multiple projects simultaneously
- Ability to build interpersonal relationships across teams and seniority levels
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.Similar Jobs
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
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