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:
Product Development is viewed as a core discipline at BlackRock, where it has been recognised that successful product development is the focal point for the impartial analysis of new ideas and brings together different skills from around the business to turn those ideas into realistic product propositions. It is important to ensure that this function delivers products which combine the investment capabilities with the distribution potential of the firm, whilst ensuring robust operational support. At BlackRock the responsibility for product development (ex iShares) and range management activities for EMEA pooled funds has been brought under the EMEA Product Development and Range Management (PDRM) team.
The PDRM team is responsible for the development, ongoing maintenance and governance of Blackrock’s large and diverse range of funds established in multiple domiciles throughout the EMEA region and distributed to clients around the world. The broad remit of the team results in it performing a wide range of functions, including: market, competitor and fund range analysis; the business analysis and design of specific ideas; the project management of fund launches/changes (launch leadership), including detailed product structuring; the production and ongoing maintenance of fund documentation (subject to the Legal function’s involvement and approval), including the submission to and agreement with regulators; the co-ordination of the registration and listing of funds in all jurisdictions required for distribution and; the provision of support and liaison services to the various boards of the funds and their management companies and other core fund support services provided to internal teams.
We are seeking a high quality Associate to work in the Fund Advisory and Documentation part of the Product Development team.
This is a high profile role that is business critical given the importance of delivering products in a timely fashion but within a robust governance structure that protects the integrity of the firm as viewed by our Regulators, competitors and clients.
Provide advice to the sales, portfolio management, strategy teams and wider business on the most appropriate product structures and solutions for pooled products.
Manage production of fund legal documentation
Manage the regulatory process for Fund creation/amendment (including drafting, amending, collating business amendments and comments and checking compliance with appropriate regulations again in conjunction as appropriate with the Legal function)
Partner with stakeholders in BLK’s Client Facing Teams, Portfolio Management, Research and Strategy and Operating Teams to implement the product development and change agenda.
Provide input and advice to the wider business
Support the strong governance and control framework in place across BLK Europe with robust processes and procedures in place to meet all regulatory and statutory obligations
Support and advise the Boards and Directors of the investment companies or management companies as appropriate.
Qualified lawyer with UCITS experience in either Luxembourg, Ireland or the UK
Previous experience in advising on funds / structures and a broad range of investment strategies
Excellent communication skills with the ability to build relationships across the business, operations and suppliers at all levels of management up to and including Board of Director level
Proactive approach to lead and direct change
Strong project management skills
Key personal attributes will also include a high level of intellectual agility and creativity, ability to work independently as well as part of a team and the ability to manage business expectations.
Reg Exec-Product Dev & Range Mgmt
Jun 14, 2012, 5:27:17 AM BlackRock - 11 months ago