Global Client Group – US & Canada Retail – Product Development recruitment
Global Client Group - US Canada Retail - Product Development
Within the Global Client Group, we pride ourselves on creating, communicating, and delivering investment solutions for clients worldwide. To that end, we have teams of professionals with expertise in the many functions that combine to make this effort successful and sustainable, including relationship management, marketing, sales, client service, and product development and management.
We serve institutional and retail clients in more than 60 countries, including pension funds, foundations, endowments, official institutions, insurance companies, sub-advisory relationships, high net worth individuals, family offices, and private banks. Further, we work to cultivate relationships with key distributors of our investment products, such as broker-dealers, banks, registered investment advisers, financial planners, insurance companies, and building societies.
Alternative Investments, Cash Management, Financial Institutions, Global Consultant Relations, International, Institutional Product Investment Communications, Private Client, Real Estate, Capital Markets, Pensions/Tax-Exempt, and Wealth Management are some of the key global product units, client business units, and global cross-channel teams that together form BlackRock's premier Global Client Group.
The U.S. Retail team is responsible for distribution, marketing and product management for BlackRock's U.S.-registered products, including open-end funds, closed-end funds and managed accounts.
US Retail Product Development Team Description
Within GCG, US Retail Product Development focuses on launching and seeding new fund strategies, including open-end mutual funds, registered hedge funds, and other opportunistic vehicles. In addition to this function, the group partners with other groups across BlackRock to design and implement BlackRock's business development strategy in the Retail market. - Major responsibilities include, leading the new product idea generation and development process, securing seed capital for new products, presenting new product ideas, interfacing with diligence analysts to secure broker/dealer access, completing periodic strategy reports, and ad hoc acquisition/development projects.
Responsibilities:
· Drive product development process for open-end mutual funds, listed funds, and registered hedge funds
· Present new product ideas to internal and external audiences and secure commitments for launch support and seed capital
· Conduct manager research, strategic planning, and investment product origination
· Support US Retail business strategy through monthly industry analysis, annual sales planning for focus funds, and ad hoc reports to the Executive Committee and Global Strategy Group
· Complete RFPs and interface with diligence analysts at partner firms to win platform access for new product launches and product restructurings
Qualifications:
- At least 5 years of financial services experience, preferably in asset management, banking or consulting
- Demonstrated ability to lead inter-disciplinary teams
- Strong organizational skills and ability to multi-task
- Self-starter; ability to work well with others and independently
- Strong writing skills
- Strong PowerPoint and Excel skills
- Familiarity with the Investment Company Act of 1940
- Legal background helpful but not required
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.