Director, Product Oversight and Governance

About this role

At BlackRock, our smartest investment is you! We are a global investment manager helping more and more people experience financial well-being. BlackRock’s business is investing on behalf of our clients, from large institutions to parents, grandparents, doctors, and teachers who entrust their savings to us. We are committed to our clients – period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.

Being a part of BlackRock means belonging to a community of thoughtful, ambitious people solving some of the most sophisticated financial challenges. Even with the company’s growth, our culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.

Your Team

Global Accounting & Product Services (GAAPS) is a global servicing department within Technology and Operations that leads the accounting and operating control environment for BlackRock’s global commingled vehicles and separately managed accounts and provides various other administrative and oversight services to BlackRock’s various product ranges including the BlackRock mutual funds, iShares ETFs and Collective Trust Funds. Responsibilities include:

• Oversight of internal and outsourced accounting, administration, custody, financial reporting, and transfer agency functions.

• Board governance and reporting.

• Product lifecycle management and business strategy enablement.

• Technical accounting and regulatory reporting guidance.

• Portfolio trade compliance monitoring and adherence to product and regulatory guidelines and policies.

Americas (AMRS) Product Oversight and Governance (POG) is a unit within GAAPS. AMRS POG teams are organized regionally to support the unique jurisdictional requirements and stakeholders for our various fund ranges. AMRS POG manages the fund level “structural” needs of the funds, including support to BlackRock business organizations and the Board of Directors/Trustees that oversee them.

As members of the AMRS POG team, we oversee the funds’ overall control environment and numerous business affairs in support of our funds. Working closely with several other internal teams, we deliver quality and value to our shareholders including but not limited to teams responsible for accounting oversight, financial reporting, product development, pricing, tax, legal and compliance.

The Cash Operations team is a crucial control function to the investment process ensuring that all BlackRock Cash data is accurate for investment management, analytics, compliance and regulation. We provide information services and solution to all BlackRock and BlackRock Solutions businesses, inclusive of Middle Office Outsourcing servicing.

Your Role and Impact

As the Americas POG Fund Treasury Director, you will provide leadership of outsourced functions including fund auditors, review performance of the service providers, and evaluate control environments.

Your Responsibilities

• Review and challenge policies and procedures to help evolve the operating model to best practice.

• Assess the operating model for risk and efficiency, with a focus on automation and technology.

• Run periodic fund distributions processes with product development and tax teams.

• Participate in the administration of credit facilities and other leverage instruments.

• Product lifecycle engagement for launches, liquidations, mergers, and other structural events.

• Prepare presentations to BlackRock governance bodies (e.g. fund boards) and committees.

• Help in the investigation of operating events and coordinate with cross functional colleagues.

• Advise our fund accounting and financial reporting functions on technical input and disclosures across all operational aspects.

• Support the fund CFO with regards to Sarbanes Oxley certification requirements.

• Build good relationships with business areas within BlackRock to support effective cross-functional engagement.

• Ensure compliance with all relevant BlackRock policies and with regulatory requirements impacting the funds.

• Lead key functions and special firm-wide projects.

You have...

• At least twelve years of 1940 Act investment management industry experience with fund structures such as open-and close-end mutual funds, interval and tender offer funds, and exchange traded funds.

• Strong understanding of US GAAP and SEC regulatory reporting requirements.

• Accounting, reporting and investment operations for a broad array of domestic and foreign equity, fixed income, financing and derivative investment holdings and strategies.

• Experience with fund / product lifecycle events such as launches, liquidations, mergers, and other restructuring events.

• Familiarity with RIC tax and fund distribution requirements.

• Fair valuation guidance, practices, and committee participation skills.

• A diverse range of fund expense structures (unitary and pass thru) and methods for waivers, caps, allocation, and application of break points.

• External service provider oversight and control environment assessment experience.

• Big Four audit experience preferred, but not required.

Attributes and Skills for Success

• Strong people manager and effective leader and team builder.

• Solid prioritization skills and ability to handle competing priorities.

• Proven track record in implementing change management.

• Develop practical and pragmatic solutions through a ‘hands on’ approach.

• Strong verbal and written communication capabilities with all levels, including portfolio managers, fund directors, external auditors, senior management, and vendors.

• Demonstrates initiative, drive, and enthusiasm.

• Excellent attention to detail and passion for performance.

• Initiative, drive, and enthusiasm.

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 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.