Fund Distribution & Oversight - Vice President
- Recruiter
- BlackRock
- Location
- Edinburgh, United Kingdom
- Salary
- Competitive
- Posted
- 13 May 2023
- Closes
- 01 Jun 2023
- Ref
- 19579984
- Job Function
- Banking
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
Description
About this role
Business Overview
Fund Distribution Partner Services is responsible for the initial and ongoing due diligence monitoring of third-party distribution firms to protect the interest of BlackRock and our shareholders a well as servicing the relationship. The FD team is involved in all phases of the lifecycle of the distributor relationship with BlackRock; from initial risk rating, onboarding, ongoing monitoring, day to day support and termination. Our scope includes daily operational support of intermediaries and internal business partners in support of the products. We partner closely with intermediary operations teams, transfer agents, vendors, as well as internal teams such as the Relationship Managers, Legal and Compliance.
Responsibilities
Based in EMEA, partner with teams across BlackRock to help ensure that risks of intermediaries are understood and are consistent with BlackRock objectives and risk tolerances. Lead and develop teams responsible for Intermediary Oversight and Intermediary Services ex-US
Work closely with Intermediaries to develop risk centric programs that protect our firm, funds, and clients actively addressing systemic risks, using significant metrics and holding providers accountable for service excellence
Develop a strong network with key BlackRock groups and leaders ensuring governance programs are fully understood and accepted
Construct documents and presentations to be used with regulators, fund boards, and BlackRock's risk constituents, presenting our program and associated findings
Lead and prioritize process re-design initiatives to deliver greater scale and expand our programs across the technology and operations ecosystem
Develop key provider data and metrics that deliver significant insights and drive data driven decisions
Partner with transfer agents, sales and relationship groups to achieve a superior client experience
A strong understanding of retail product offerings and knowledge of DTCC/NSCC Mutual fund processing
Invigorate and maintain a cohesive team environment passionate about risk and controls.
Maintain positive relationships with the Fund Accountants, Transfer Agents, and internal oversight teams to improve services and resolve open issues effecting intermediaries
Proactive approach and prioritization of process improvements, collaborating across teams and functions to drive improvements and adoption of changes
Ownership and accountability for solving issues, and driving projects to successful completion
Experience
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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.
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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @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.
About this role
Business Overview
Fund Distribution Partner Services is responsible for the initial and ongoing due diligence monitoring of third-party distribution firms to protect the interest of BlackRock and our shareholders a well as servicing the relationship. The FD team is involved in all phases of the lifecycle of the distributor relationship with BlackRock; from initial risk rating, onboarding, ongoing monitoring, day to day support and termination. Our scope includes daily operational support of intermediaries and internal business partners in support of the products. We partner closely with intermediary operations teams, transfer agents, vendors, as well as internal teams such as the Relationship Managers, Legal and Compliance.
Responsibilities
Based in EMEA, partner with teams across BlackRock to help ensure that risks of intermediaries are understood and are consistent with BlackRock objectives and risk tolerances. Lead and develop teams responsible for Intermediary Oversight and Intermediary Services ex-US
Work closely with Intermediaries to develop risk centric programs that protect our firm, funds, and clients actively addressing systemic risks, using significant metrics and holding providers accountable for service excellence
Develop a strong network with key BlackRock groups and leaders ensuring governance programs are fully understood and accepted
Construct documents and presentations to be used with regulators, fund boards, and BlackRock's risk constituents, presenting our program and associated findings
Lead and prioritize process re-design initiatives to deliver greater scale and expand our programs across the technology and operations ecosystem
Develop key provider data and metrics that deliver significant insights and drive data driven decisions
Partner with transfer agents, sales and relationship groups to achieve a superior client experience
A strong understanding of retail product offerings and knowledge of DTCC/NSCC Mutual fund processing
Invigorate and maintain a cohesive team environment passionate about risk and controls.
Maintain positive relationships with the Fund Accountants, Transfer Agents, and internal oversight teams to improve services and resolve open issues effecting intermediaries
Proactive approach and prioritization of process improvements, collaborating across teams and functions to drive improvements and adoption of changes
Ownership and accountability for solving issues, and driving projects to successful completion
Experience
- Bachelor's degree required, advanced degree preferred
- Minimum of 7 years' experience of relevant investment industry within a cross border management company, outsourced fund service provider, investment consultant or professional services firm with knowledge of the wider distribution landscape for regulated investment products.
- Minimum of 6 years of management experience
- Strong commitment to service excellence with the analytical ability to synthesize information and summarize issues. Attention to detail and ability to prioritize the most critical business issues.
- Must have a deep understanding of intermediary and transfer agency operations
- Experience in data analytics, or consulting experience, with consistent track record of technical development and business insight.
- Ability to identify and approach situations with a risk-based methodology and craft creative solutions.
- Highly effective oral and written communication skills. Intellectual passion and interpersonal skills to establish credibility with senior managers and their teams.
- Self-starter who is results driven and possesses a high degree of self-motivation.
- Inventive, dedicated teammate, able to work with people of all levels.
- Strong cross team relationship-building skills, capable of adapting style of communication to audiences of different technical knowledge and backgrounds.
- Excellent computer and communications skills
- Enjoys a fast-paced, high-intensity environment!
- You are a key partner in the onboarding and offboarding of fund distributors and handling the ongoing relationship.
- You stay ahead of industry developments and ensure BlackRock is well positioned to use the scale of our business model
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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.
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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @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.