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BlackRock Global Product Group (GPG) - Product Governance, Associate
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:
The role is within the Product Governance function of the Global Product Group (GPG). GPG serves a pivotal role as BlackRock's central point for product governance. GPG brings Innovation, discipline, and focus to BlackRock's investment product line by aligning client and investment teams in the design and execution of product-related initiatives. The role of GPG involves;
Coordinate and govern BlackRock's product agenda
Provide guidance for strategic and tactical product decisions
Implement new product launches and govern the firm-wide product pipeline
Facilitate exchange of best practices across the firm, review industry and competitor trends to commercialize new business opportunities
Provide critical input on and proactively lead and respond to regulatory change
The Product Governance team was created within GPG to centralize BlackRock's product committees (including PDC, Resources, Capacity) and to enhance our governance and procedures. The function ensures the smooth running of the product committees enabling the development of new products and review of existing products. It ensures there is effective control of product governance and implement the controls required under MiFID II.
Job Purpose/Background: Due to the regulatory and governance responsibilities of running these committees there is a requirement for a position to work alongside the EMEA Product Governance Head in GPG. The role will ensure that GPG maintains credibility with our senior stakeholders and ensures the effective running of the various BlackRock Product Committees, whilst maintaining compliance with our Product Governance obligations.
The role provides senior stakeholder interaction and enables the development and review of new and existing products through the various product committees.
The role has scope to take ownership and develop a number of key processes and controls, for example, capacity monitoring, and obligations under MiFID II.
Preparation, compilation and review of material used for the Committee Meetings, particularly for the monthly Product Development Committee meeting.
Assist with PDC member pre-briefing sessions
Preparation and review of material for Capacity Committee meetings, both ad-hoc and regular monthly meetings.
Post-Committee communication (Metrics, executive summaries / actions / follow-up items).
Reviewing and enhancing processes to create efficiencies.
Preparation of Product risk material. Enhancing and maintaining the risk and control governance framework.
Assist in MiFID II Product Governance - MiFID II ongoing review, develop framework for Target Market Distributor feedback and maintaining key source documents.
Preparation of material for Fund Boards.
Assist in reviewing BlackRock seed capital in EMEA funds.
Previous relevant experience in the investment funds industry/business
Good knowledge of investment and/or distribution of a broad range of investment strategies and products.
Excellent communication skills with the ability to build relationships across the business unit and key stakeholders.
Proactive approach to seek process improvements and efficiencies
Key personal attributes will also include:
A high level of intellectual agility and creativity
Strong attention to detail and organisation skills
Work independently as well as part of a team
Manage business expectations
Ability to work to deadlines under stress of time pressures.
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.
For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.