Board Management Services Associate recruitment
BlackRock is looking for an employee to join the US Mutual Fund Board Governance Performance Team in the Princeton office. The US Mutual Fund Board Governance Performance Measurement Teams are responsible for supporting the needs of the mutual fund Boards of Directors and performance calculations for U.S. Retail mutual funds. This role will focus primarily on supporting the mutual funds Boards of Directors. This includes:
- Support the Mutual Funds Boards of Directors reporting and meeting requirements
- Interface with various segments of the firm to ensure presentations and issues are resolved and delivered in a timely manner
- Support a Board of Directors deferred compensation plan
- Compute and manage all Directors compensation and TE payments, as well as report this information in regulatory filings
- Support and assist in the coordination of fund launches, mergers and liquidations
- Respond to ad-hoc requests by the Board of Directors and management
- Calculate yields, net returns, gross returns, synthetic returns, after-tax returns and load-adjusted returns
- Review in detail all performance calculations, data and reports to ensure complete accuracy based on various methodologies
- Provide performance information in a timely manner throughout the firm
- Reconcile return information with various third party vendors
- Liaise with internal parties such as Portfolio Managers, Account Managers, Operations and Technology
- Active participation in departmental/group projects such as automation and process streamlining as well as executive reporting
Furthermore, the teams work closely with Operations, Product Development, Portfolio Management, RQA, Marketing, Legal and the Boards of Directors to ensure accuracy, transparency and proper disclosure of all data and fund related information.
You will be part of the broader Business Operations and provide support to other areas as necessary. A key part of the function is maintaining good working relationship with all BlackRock counterparties, providers and internal clients.
The team and individual objective is to ensure all deliverables are delivered timely and accurately.
Key facets of the role:
1. Liaison with Fund Manager, Custodians, Operations and other external and internal parties in response to ad-hoc Director, management and client queries/requests.
2. Prepare, review and provide ad-hoc reports to clients as required.
3. Escalate all material risk items and service issues to your manager on a timely basis.
4. Maintain various performance systems including account, custom peer group and benchmark setup and maintenance
5. Work closely with all departments of BlackRock to ensure accuracy of performance calculations
6. Support Portfolio Management Group (PMG) and Global Client Group (GCG) regarding investment performance related issues
7. Coordinate and conduct special projects aside from routine job functions for the team when needed
Personal Skills Required
· Required STRONG knowledge of Microsoft Access (must be able to build a database including maintenance and modification of visual basic macros and queries)
· Strong Excel skills required
· Strong PowerPoint presentation skills
· Ability to work under pressure whilst maintaining tight deadlines
· Good leadership qualities
· Ability to manage people
· Ability to cope with high work volumes
· Ability to prioritise workload
· Understanding of the investment management business
· High personal standards of conduct and integrity
· BA/BS required
· Minimum three years experience in the mutual fund industry
· Knowledge of performance calculations
· An entrepreneurial spirit that is willing to take on additional responsibility quickly
· Enjoys working in a fast-paced, high-intensity environment
· Excellent analytical and communication skills, including the ability to clearly articulate financial analyses and issues
Understanding will be gained of:
· Performance measurement
· Securities market
· General administration of investment assets
· Role of the Fund Manager
· Role of the Mutual Fund Boards of Directors
Training Personal Development
You will ensure that you are fully trained in the functions you are required to perform, identifying with your manager any outstanding training requirements for review on an ongoing basis.
- Achieve threshold competence in Business Operations core competencies within period agreed with your manager.
- Maintain competence for role through ongoing participation in BlackRock training initiatives.
- Achieve and maintain understanding of all financial instruments utilised within your portfolio group.
- Participate in Blackrock annual review process and draft goals/objectives for yourself and the Performance Teams development in conjunction with your Manager.
- Guide and manage the local team ensuring employee development and growth
- Maintain full knowledge of Blackrock corporate policies, procedures and guidelines
BlackRock is proud to be an E-Verify Equal Opportunity/Affirmative Action Employer--M/F/D/V.
Skills
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.