About this role
BlackRock Overview:
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. As of December 31, 2023, BlackRock's AUM was $10+ 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 across public and private markets. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of year-end 2023, the firm had approximately 19,000 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.
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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
OCIO Team
BlackRock's OCIO platform is a global business for institutional accounts including, but not limited to, Corporates, Healthcare Companies, Endowments & Foundations, Publics, Sovereign Wealth, and selective High Net Worth individuals and Family Offices. OCIO team members reside in different jurisdictions around the world ready to serve their clientele in each region with a high degree of expertise regarding jurisdictional investing rules and regulations. The OCIO platform leverages the strengths of BlackRock including investment management services, risk management via Aladdin, and strong governance including internal controls, separation of duties, defined roles and responsibilities, etc. Relative to peers, Blackrock is the world's largest and most trusted asset manager in the world with $10.6 T AuM and ranked third in global OCIO mandates with $240 B AuM.
OCIO (Outsourced Chief Investment Officer services) is a business model offered by BlackRock which entails the outsourcing of the day-to-day management of asset pools typically managed by plan sponsors. With new developments such as closing / freezing of DB plans, pension risk transfers, economies-of-scale achieved by large asset managers, and the difficulty sponsors encounter when hiring investment experts, has led to a dramatic increasing of outsourcing activities. Moving forward, differentiation is a crucial part of BlackRock's approach to OCIO services which includes using an enterprise-wide lens to better understand each sponsor's unique situation and develop potential corporate and investment finance solutions.
Responsibilities:
- Supervise and lead the creation, implementation, and quantification of enterprise solutions and portfolio investment strategies for corporate and public DB, DC, NDT, OPEB, Endowment, Foundation, Healthcare, and Family Office clients.
- Review the impacts of tax, accounting, actuarial, regulatory, rating agencies', and economic considerations related to proposed enterprise solutions and investment strategies.
- Direct experience in negotiating, documenting, and interacting with clients' internal and external financial representatives, legal counsel(s), and regulatory bodies.
- Supervise and lead the creation and maintenance of the inputs and outputs of all asset-liability-modelling analyses and presentation materials.
- Responsible for training team members in principles of corporate finance, tax, accounting, actuarial science, economics, rating agencies, and regulatory environments.
- Develop and maintain strong relationships with key stakeholders, including clients, regulatory bodies, and internal teams.
- Provide strategic advice and insights to senior management on financial matters, including investment strategies, risk management, and regulatory compliance.
- Stay up to date with industry trends, regulatory changes, and best practices to ensure the organization remains compliant and competitive.
- Collaborate with other departments, such as marketing, IT, and portfolio managers, to ensure the successful implementation of financial strategies and solutions.
Required Education, Training, Licenses:
- BS or BA degree in Finance, Actuarial Science, and/or Economics.
- Master's degree in economics, Accounting, or Finance preferred.
- Full command of GAAP accounting, ERISA Rules and Regulations, Rating Agency policies and processes, actuarial standards, IRS Tax Code, and industry-specific regulatory requirements.
- Relevant professional certifications (e.g., CFA, CPA, FRM) are highly desirable.
Required Experience & Skills:
- A minimum of ten years of experience in corporate treasury operations.
- Seven years of experience in financial modelling.
- Ten years of experience working in a large complex multi-national with cross-border transactions/arrangements will be an added advantage.
- Strong managerial skills, with a hands-on approach.
- Compliance-oriented with a strong understanding of regulatory requirements.
- Strong PowerPoint, presentation, and Excel skills.
- Innovative, reliable, with strong time management skills and a motivated self-starter.
- Strong verbal and written communication skills.
- Organized with strong attention to detail.
- Experience in team formation and handling, with a proven track record of leading high-performing teams.
- Ability to work under pressure and meet tight deadlines.
- Strong analytical and problem-solving skills.
- Ability to think strategically and provide innovative solutions to complex financial challenges
For New York City only: The salary range for this position is $0 - $0. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
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.
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.