BlackRock Director, Credit Product Strategy | BlackRock in New York, New York
Director, Credit Product Strategy | BlackRock
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Director, Credit Product Strategy
New York, US
Investment Professionals – Investments
BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients—period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.
That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges.
About this role
The Global Credit Product Strategy team is responsible for representing our range of credit investment strategies to clients and internal partners. BlackRock’s Global Credit is seeking to hire a seasoned product strategist to support Private Credit, a strategic growth initiative for the firm. This senior product strategist will be responsible for driving business growth related to our alternative credit products, which includes middle market, opportunistic, stressed and distressed strategies. S/he will also be expected to be a commercial partner to key stakeholders and facilitate connectivity between clients / prospects, investment teams and distribution teams. The product strategist will be viewed as an expert in private credit, demonstrating an ability to understand and effectively communicate detailed investment content to clients, prospects and distribution teams.
Partner with credit investment team (portfolio managers, research, trading) and sales team to analyze the institutional and retail product platform and define opportunities for product development, both in adjacent product lines / geographies, new ventures and custom solutions
Attend investment meetings with portfolio managers to stay abreast of investment themes, trades, views
Create, develop and maintain materials including thought pieces to assist in building awareness both internally and externally of BlackRock’s Alternative Credit capabilities, unique selling points, marketing of strategies, and providing performance updates
Engage with internal constituents from across BlackRock to position and prioritize product suite
Lead internal evaluations of new investment strategies, and subsequent fund launches in close partnership with a variety of internal and external teams, including defining the market opportunity, development of term sheets, due diligence materials, understanding competitive landscape
Coordinate with internal business teams (legal, business management, fund admin, operations, risk and portfolio analytics group) on new product development, custom solutions and other offerings
Develop strong relationships with key institutional and retail clients; serve as initial point of contact and client facing strategist to address questions from the internal sales force; existing clients, and prospects
Attend prospect meetings, including pitching for new business and leading review of existing portfolio/fund performance as well as leading on-going engagement and dialog with existing clients
Work with Investor Relations team(s) to help manage client reporting
Assist those teams managing roadshows, marketing efforts, sales meetings and prospect lists, etc.
Bachelor's degree from top undergraduate institution, with strong quantitative and qualitative skills; CFA/CAIA/MBA a plus
Minimum 5-10 years professional work experience in the financial services sector (sell-side bank, asset management, hedge fund, or private credit/equity); Fixed Income or Alternatives industry specific knowledge a plus
Experience in product development with a focus on commingled and single-investor private fund structures, including identifying, analyzing, and driving investment terms, legal and tax considerations, and investor and operational support models
Investment and markets background, ideally with experience in credit, private equity-structured products.
Ability to develop strong and trusting relationships with both internal and external clients swiftly and effectively.
Ability to clearly communicate objectives across a range of stakeholders, including senior management and to articulate the rationale behind those goals.
Results driven individual with a high level of attention to detail.
Ability to manage multiple complex projects at the same time.
Strong cross-functional team building and management skills (for example, partnering with multiple distribution channels, marketing, product administration, legal and compliance).
Leadership – ability to influence, inspire people, while also working in a collaborative team culture
FINRA Series 7 or equivalent, 63 licenses (or ability to obtain within 60 days)
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock at https://twitter.com/blackrock | Blog: www.blackrockblog.com at https://www.blackrockblog.com/ | 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.
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