Alternative Operations - Business Management Vice President

  • Not Specified
  • Wilmington, DE, USA
  • Permanent, Full time
  • BlackRock
  • 17 Oct 17 2017-10-17

  BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products

 




BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of December 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com | Twitter: @blackrock_news | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
 




Team Overview
 
The Business Management Group (BusMgmt) within Alternatives Operations is focused on working with all of the relevant stakeholder groups across the firm to long-term strategic and tactical solutions to the complex issues presented by managing and operating alternative products. BusMgmt engagements are high profile initiatives which require team members to have senior level exposure and play an active role in shaping the future state operating model of Alternatives Operations; a typical BusMgmt project is at least as much about processes and implementing change as it is about the technology employed to do so.
 
We are looking for a candidate to work as part of a global team that will be able to make an immediate contribution to various projects with a specific focus on Management and Performance fees and complex waterfalls.  This includes effectively understanding the business and specific issues that need to be addressed, developing a strategy, managing a team, tracking key milestones, leveraging firm resources and skills to execute on plans, and efficiently deploying the solution across the Alternatives Operations team.
 
The alternatives platform is a growth focus for BlackRock and this is an exciting opportunity to join a growing team in a fast-paced work environment.
 
Role Responsibility
 
The responsibilities of a Vice President in the Business Management Group include:
 

  • Partner with senior management and technology groups to develop a strategic solution to automate complex waterfalls

  • Build out complex waterfall models including preferred returns, recycling capital, clawbacks, and realized and unrealized waterfalls

  • Lead the continuous assessment of ensuring the Alternatives Operations team operates within the best in class control environment

  • Lead the continuous assessment of the oversight model to ensure waterfalls follow legal documents

  • Understand the various Alternatives strategies within BlackRock Alternative Investments (BAI) and the challenges faced by each team

  • Learn and understand the needs of the business

  • Build and maintain a strong knowledge of Aladdin infrastructure and the future roadmap

  • Understand the alternatives industry and how changes to that industry will impact BAI

  • Interpret complex fee agreements and other legal documentation to ensure timely and accurate fee calculations

  • Ensure new funds are onboarded within the best in class control framework

  • Participate in new business discussions with prospective and existing clients around fee structures

  • Ensure strict adherence with product policies and guidelines to ensure all legal, compliance, and audit standards are met

  • Drive the technology requirements for new and existing fee enhancements, including appropriate test planning and rollout of process

  • Create, maintain, and/or review fee models, in keeping with the applicable fund terms

  • Effectively communicate complex concepts and procedures to all levels throughout the firm

  • Occasional travel between the East Coast offices including Princeton, and New York
 
Experience

 


  • 7-10 years of work experience in financial services, 5+ years of experience in alternatives is required

  • Deep waterfall expertise with closed end funds

  • Understanding of Private equity funds and fund of funds

  • Outstanding academic achievement, broad based work experience, and demonstrated leadership experience

  • Management reporting and investment partnership accounting experience are required

  • The ability to read, understand, and follow complex partnership agreements and offering materials

  • Complex modeling ability with experience in financial systems design

  • Strong project management and time management skills

  • Excellent communication, presentation skills, and comfort in senior management communication

  • Creativity with an analytical mind and openness to using technology to solve problems

  • Entrepreneurial spirit that is willing to take on additional responsibility quickly

  • High degree of comfort with technology is required. SQL proficiency is required, Investran is a plus

  • VBA experience is preferred and web development (JavaScript/AngularJS, HTML, CSS) or full-scale enterprise application development (Java, C/C++, Python, Perl) is a plus

  • The ability to prioritize, multi-task, and work independently is required
 
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, disability, veteran status, and other statuses protected by law.