Job Information
BlackRock Vice President, Transition Operations in San Francisco, California
About this role
Company: BlackRock Institutional Trust Company, N.A.
Job Title: Vice President, Transition Operations
Location: 400 Howard St San Francisco, CA 94105
Summary of Duties: Act as a technical escalation contact within the team and contribute to strategy. Support the organic growth and expansion of the Global Transition Services team. Onboard new team members and interview talent within the US region. Transition the teams’ largest mandates for business partners and clients including the execution of $1.17 trillion conversions as well as the execution of $12 billion OCIO transition for a significant platform client. Drive multiple process enhancements projects and streamline event types and associated processes for the team. Evolve the US team project management and post execution model based on the EMEA prototype to drive efficiencies and better support our revenue generating client portfolio restructure events. Export EMEA tax and stamp duty processes and cross border this knowledge and the related complexities to US team members. Partner with Transition Managers and Portfolio Managers on the pre‐transition preparation for restructured activities. Conduct transferability analysis and preliminary tax analysis to assist Transition Managers in providing the most accurate data to existing and new clients. Collaborate with key operational teams including Product Tax and Compliance to mitigate risk on live transitions. Attend and host client, consultant, custodian, and internal meetings, as well as conference calls and conduct initiations. Implement accurate recordings and information retention for MIS, audit, and regulatory purposes. Manage and maintain counterparty and provider relationships. Review and challenge existing procedures to improve and rationalize frequently changing environments and requirements. Act as crucial liaison with custodians and Fund Managers to ensure information accuracy for client portfolios. Update internal systems to reflect security and cash transfers. Deliver timely signed instructions to custodians, fund accountants, and transfer agents. Ensure accurate tracking of corporate actions during transition activities and monitor account settlement. Liaise with Portfolio Compliance to ensure that BlackRock is not in breach of company or client guidelines, and with Financial Crime teams to maintain regulatory and market adherence.
Qualifications: Master's in Finance, Economics, Mathematics, or related field of study. 48 months of experience in job offered or related occupation. In the alternative, employer will accept a Bachelor's degree in Finance, Economics, Mathematics, or a related field of study and 72 months of experience in the job offered or related occupation. Requires four (4) years of experience with: 1. Conducting cash and stock reconciliation processes during transition events; 2. Transitioning financial instruments including equities, bonds as well as pooled vehicles such as Tax Transparent Funds (TTF), Collective Trust Funds (CTF), and Mutual Funds (MF);3. Collaborating with operational and strategic teams to address transition processes and prioritize risk mitigation; 4. Applying market transferability rules and corporate procedures to evaluate the impact upon the transfer of assets; 5. Implementing Stamp Flags, Financial Transaction Taxes, NCBO/CBO transfers, FOF structures, in‐kind fees, and monitoring in-kind activity such as income payments and residual corporate action activity; 6. Conducting in-kind re-registration for TTF’s and Mutual Funds and monitoring settlement of Free-of-Payment (FoP) activity at a transfer agent and custodial level via SWIFT messaging during the transaction lifecycle; and 7. Navigating a centralized and integrated online trading and portfolio system environment to assess information including transactions, positions, risk measures, prices, data security, and client investment guidelines.
To apply: Please click the “Apply” button on this webpage.
For California only the salary range for this position is $149,900 - $173,500. 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.
We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.