BlackRock · New York
Finance & Legalposted 10d ago
About this role
Business overview
BlackRock’s Financial Institutions Group (FIG) develops and fosters connectivity and drives business outcomes with insurance companies by leveraging insurance expertise, a global platform, and BlackRock’s leading capabilities in asset management, markets advisory, and risk technology.
BlackRock is the largest and leading 3rd party manager of insurance assets in the world, and the insurance practice is a strategic focus at BlackRock. The FIG team oversees relationships with over 400 insurance companies globally, covering over $600 billion of invested assets across public and private fixed income, equity and multi-asset investment strategies. The FIG team’s specialization and focus on insurance promotes a solutions-oriented approach to meeting the unique needs of insurance companies and the insurance industry broadly. We pride ourselves on being creative and solutions-oriented in delivering BlackRock’s platform to a sophisticated client base, bringing our clients scale via access, expertise and service.
Description
As Vice President on the FIG team, you will work as part of a team of client-facing relationship management professionals with a deep understanding of industry trends, client needs, and BlackRock’s capabilities across investment management, risk, and advisory.
The individual will have a book of clients across P&C, Health and Life insurance lines of business. You will be a key, senior point of contact for external clients and will work across various internal partner teams with the goal of delivering the firm to this important institutional client segment. The role will be based in New York.
Responsibilities:
Lead the day-to-day delivery of BlackRock's asset management and associated services, including:
Engaging BlackRock’s capabilities and organization on behalf of our clients
Design, ownership, and delivery of complex and/or ad hoc client requests
Preparation for and participation in client market and portfolio reviews
Regular and ad-hoc data and analytics requests generated by Aladdin
Ensure that the client receives accurate and timely client reporting
Act as an escalation point for internal and external stakeholders with respect to your book of clients.
Building and maintaining strong relationships with senior client counterparts, which requires:
Demonstrating expertise in our client’s industry dynamics and trends as well as their specific investment needs
Demonstrating an understanding in the fundamentals of insurance financial statements, regulatory and accounting trends
Anticipating client needs and prompt responses to client inquiries
Cultivating an awareness of client specific investment and operational priorities and sensitivities
Supporting new business and product development, including:
Supporting account plan development and execution for current clients to expand relationships, helping to drive commercial opportunities
Developing knowledge of BlackRock products and services
Initiating and designing client specific solutions
Supporting implementation, including account set up, guideline development and establishing service needs
Skills and Qualifications:
5-8 years of experience working in financial services industry, with a strong preference towards working with insurance companies in a client coverage capacity
Proven track record of regular engagement and existing relationships with US insurers
Strong understanding of the fundamentals of how insurers invest across the various regulatory frameworks and what trends are impacting their go forward approach.
Strong knowledge of fixed income, equity and alternative markets and instruments
Relevant FINRA requirements (Series 7, 63)
Industry certification (CFA, CAIA etc.) are a plus
Proficiency in Microsoft Word, Excel, and PowerPoint
Excellent written and oral communication skills
Ability to think and act proactively, and multi-task in a fast-paced environment
Ability to train and mentor junior colleagues on the broader responsibilities of an insurance relationship manager.
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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
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.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.
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.