Global Product Solutions (Gps) – Product Structuring Vice-President

About this role The GPS team is responsible for product strategy, development, and range management activities for EMEA pooled funds. GPS drives the business strategy, innovation, and commercialisation of our full investment platform, unlocking new growth opportunities across Active, iShares, and Private Markets. GPS manages BlackRock's large and diverse range of funds with 1500+ funds domiciled in 9 countries. The team's key objective is to drive commercial priorities across our investment platform and partner with distribution teams to lead on product and solutions innovation.
The GPS team encompasses several sub-teams one of which is a market leading Product Development and Structuring team. The team advises on design considerations for all investment strategies, vehicle types, and regulatory regimes. We believe optimal product design delivers better outcomes for our clients, creates significant operating and cost efficiencies, and is the foundation of a scalable business model. The team is responsible for the strategic development, formation, alignment and ongoing maintenance of BlackRock's large and diverse range of funds established in multiple domiciles throughout the EMEA region and distributed to clients around the world.
Job Purpose/Background: The GPS team is increasing its profile and influence as it leads key strategic initiatives and platform-wide projects, such as our response to new European regulation and our ESG product proposition. With a strong pipeline for 2024 and beyond, the team is managing a high volume of new products and client solutions.
The Product Development and Structuring team within GPS focuses on delivering scale and excellence in product structuring, development, and governance. This role is business-critical, given the importance of product in driving the firm's growth in this region and the regulatory focus on product governance.
We are seeking a Vice President within GPS Product Structuring focusing primarily on BlackRock's Irish-domiciled fund ranges. The individual will lead on both individual products and contribute to the product platform, focusing mainly on iShares.
GPS Product Structuring leads decision making in relation to the structuring of products and advises the business in relation to asset management product regulation. The team comprises qualified funds lawyers and is responsible for, amongst other things, navigating multi-jurisdictional frameworks to structure optimal solutions for clients and BlackRock, managing fund offering documents. The team is responsible for managing external counsel relationships in regard to Product and engaging with the boards of directors and regulators to obtain approvals of new product launches and changes. The team also plays a crucial role in regulatory thought-leadership both within BlackRock and externally.

This is a high-profile role focused mainly on iShares public funds. There is however scope to build understanding of other parts of BlackRock's product platform. The role is business critical given the importance of sound regulatory and range advice to support products that are delivered efficiently within a robust governance structure to protect the integrity of the firm.
Key Responsibilities Responsible for fund offering documentation (including drafting, managing multiple stakeholder amendments and comments, ensuring compliance with appropriate regulations, working closely with the multiple global functions).Provide advice to the sales, portfolio management, strategy teams and wider business on the most appropriate product structures and solutions for pooled products.Oversight of relationship with external legal counsel, including review of costings and service levels.Manage the Management Company and Fund Board relationships, including the regulatory process for fund launches, repositionings and closures.Partner with stakeholders within GPS and with other teams within BlackRock (such as client facing teams, portfolio management, operational teams) to implement the product strategy, development and change agenda.Support the strong governance and control framework in place across BlackRock EMEA with robust processes and procedures in place to meet all regulatory and statutory obligations.Engage in industry/regulatory consultations and participate in external industry events, as and when appropriate.Partner with the BlackRock Global Affairs & Public Policy (GAPP) team as a thought leader on product regulation.Experience and key personal attributes Qualified lawyer (2+ yrs PQE) from a leading law firm or asset management company with experience in structuring UCITS funds. Your practising certificate will be maintained.Strong understanding of a broad range of financial instruments, asset classes and investment strategies.Working knowledge of all aspects of UCITS and AIFMD.Ideally some experience of presenting to senior forums such as boards.Knowledge of the CBI's regulatory approval processes would be beneficial.Excellent communication and presentation skills with the ability to build relationships across the business, operations and suppliers at all levels of management, including boards of directors and senior management at BlackRock.Ability to multi-task across multiple initiatives at any point in time.Desire to interpret product regulation and have a view on optimal integration into fund documentation in partnership with internal stakeholders.Ability to communicate clear project deadlines and hold multiple stakeholders accountable.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.

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