Director, 1940 Act Compliance
About The Position
About this role The team The Funds Compliance team oversees the compliance program for BlackRock’s US registered product line up, which includes ETFs, mutual funds, closed end funds, and BDCs. The team covers index and actively managed products. Members of the team support product development, policy and procedures design and testing, regulatory implementation and fund boards of directors. Role and impact We are seeking a highly motivated professional to serve as a senior member of the 1940 Act Compliance team. The individual will be focused on supporting all aspects of the 1940 Act funds business, including support of the compliance programs, policy and procedure development and reviews, new product development including ETFs and digital assets, and portfolio management and capital markets functions. The individual will be able to effectively manage compliance risk and help ensure compliance with regulatory requirements and applicable policies and procedures. Candidates should be able to work effectively within a team environment, but also be self-directed and able to work autonomously.
Requirements
- At least 10 years of relevant experience from a law firm or a legal and compliance department of a leading investment management/financial services organization.
- Experience with the Investment Company Act of 1940 is preferred.
- Experience drafting policies and procedures to be used by investment professionals.
- Familiarity with compliance related software and applications
- Strong writing and verbal communication skills.
- Strong risk focus and attention to detail.
- Strong organizational skills and ability to manage multiple time sensitive matters in a demanding, fast-paced and fluid environment.
- Business and solution-oriented approach to interacting and working with key business partners is critical for this role.
- Expertise in affiliation and fund of funds rules is preferred.
- Bachelor’s degree required; law degree or M.B.A. welcome.
Nice To Haves
- Experience with the Investment Company Act of 1940 is preferred.
- Expertise in affiliation and fund of funds rules is preferred.
- law degree or M.B.A. welcome.
Responsibilities
- Support senior team members in development of the compliance program for 40 Act and 33 Act funds, including providing support for new product development and digital assets initiatives.
- Support and partner with portfolio management, capital markets, trading and fund administration functions in all aspects with touchpoint to fund compliance.
- Implement compliance programs/control frameworks relevant to regulatory risks and legal requirements, including development of policies and procedures and the associated testing program.
- Support digital assets and tokenization initiatives across the fund platform.
- Participation in special projects and strategic initiatives.
Benefits
- employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Director
