LOB Private Markets Compliance (Infrastructure), VP

About this role

Job Description

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs. 

Business Unit Overview:

BlackRock's Compliance Department protects BlackRock’s reputation and provides client focussed advice.  The department is a dynamic environment with the team focused understanding and advising on the impact of regulation in our business, with the objective of:

• Actively participating in business decisions to champion our clients’ interests and assist the business in translating compliance requirements and expectations into their daily work;
• Putting client interests at the centre of everything we do;
• Ensuring adherence to, and providing advice on, applicable laws, regulations and BlackRock Compliance policies;
• Collaborating with the business to position Compliance centrally into their daily work;
• Cultivating and enhancing the compliance culture within BlackRock;
• Providing thought leadership, analysis and advice on the impact of the regulatory framework on the business and its clients;
• Developing and fostering excellence within the Compliance team; and
• Actively developing the skills and careers of each member of the Compliance team.
   

Role Description:

An exciting opportunity has arisen within the Line of Business group for a Vice President to join our Private Markets Line of Business Compliance team.

The role sits within the Private Markets Line of Business Compliance team, which provides advice and oversight to BlackRock’s Private Markets business in EMEA, including equity private markets, private debt, infrastructure and multi-alternative solutions teams.

This role is fast-paced and will provide broad learning opportunities as the candidate will be required to provide compliance support on a range of regulatory matters, including (but not limited to): support in product development and distribution, provide subject matter expertise on a range of regulatory topics (e.g. conflicts of interest, market abuse, regulatory implementation, investment allocation and reallocation, cross trades); responding to time sensitive queries in relation to material nonpublic information and, drafting of policies and procedures.

The successful candidate will also have the opportunity to engage with these businesses to advise on conduct of business requirements and the application of BlackRock compliance policies and contribute to the creation of management reporting and communication on Compliance matters to senior management, corporate and/or fund boards and BlackRock business stakeholders. In addition, it is expected that the successful candidate will work on regulatory implementation projects impacting the Private Market businesses, in partnership with the wider Legal & Compliance teams.

Key Responsibilities:

• Provision of qualitative compliance advice and support to the relevant business areas within Private Markets;
• Review of relevant regulatory developments and onward communication to the relevant business areas where appropriate;
• Active participation in Compliance or business-driven projects, including regulatory developments and strategic initiatives;
• Contributing to the creation of management reporting and communication on Compliance matters to senior management, corporate boards, BlackRock business stakeholders and business Oversight Committees;
• Representing Compliance throughout the Product Development process of Private Markets products, including review of fund documentation and provision of regulatory advice as it relates to conflicts of interest, risk factors and distribution considerations;
• Liaising with portfolio managers and other investment staff on regulatory matters and the application of BlackRock’s compliance policies, e.g., inside information and wall-crossings, crossing, allocation and re-allocation, conflicts of interest;
• Supporting the BlackRock Capital Markets Team on regulatory matters including advising on application of Information Barrier policy, Restricted Lists and regulatory requests for information;
• Drafting and maintenance of policies and procedures;
• Designing and delivering effective regulatory training initiatives to the business.

Knowledge / Experience:

BlackRock is committed to the development of its staff and the Compliance group has successfully run initiatives designed to provide the technical knowledge where such development is required.  As such our candidate will be, as a minimum, be a highly motivated self-starter, demonstrate sound judgment, have a strong team ethic, combined with high energy, enthusiasm, resilience, tenacity, excellent organization skills, diplomacy and relationship management skills. The successful candidate will exhibit strong partnership and relationship management skills. The strength of character to offer healthy challenge will be essential, as will be the ability to engage successfully with stakeholders at all levels of the business.

• The ideal candidate will have a minimum of 5 years compliance experience within a ‘buy-side’ asset manager
• Preferable if the individual has worked in a role supporting investment teams operating within private markets;
• Experience with infrastructure and/or private credit would be preferable;
• The candidate must have excellent communication skills and be able to articulate complex issues in a clear and concise manner;
• Must be able to demonstrate dynamism, enthusiasm, resilience, tenacity, diplomacy and above all, sound judgement under pressure;
• Self-motivated and solutions-driven with ability to use initiative and think laterally to navigate problems;
• Ability to influence a highly-performing internal client base by delivering timely, credible, accurate and value-added advice.
• Able to consistently demonstrate high standards of professional accuracy and excellent attention to detail.
• Self-motivation, the ability to work autonomously and high energy levels.
• Excellent organisational skills with ability to prioritise workloads, progress multiple tasks and adhere to deadlines.
• Ability to collaborate effectively both within the team and across functions.
• Degree of familiarity with the EMEA regulatory environment and a genuine desire to continually develop such knowledge

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.