Director, Institutional Asset Management Legal Counsel

BlackRock • New York, NY

16d • $235,000 - $300,000 • Hybrid

About The Position

About this role We are searching for a senior attorney specializing in asset management to support BlackRock's institutional client businesses, which manage client mandates of all types including whole portfolio solutions, multi-strategy, and illiquid and liquid public and private portfolios. This role will support BlackRock’s Financial Institutions Group which services insurers and other financial institutions. In this role, you will operate as a senior legal advisor to the business focusing on a variety of legal issues relating to BlackRock’s provision of asset management services. You must be able to independently and proactively manage, coordinate, and advise across a wide variety of stakeholder teams, including legal, business and operations teams, on legal, regulatory, compliance, disclosure and commercial issues. 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. 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. 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. 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 [email protected]. 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. BlackRock's purpose is to help more and more people experience financial well-being. As a global investment manager and a leading provider of financial technology, our clients—from grandparents, doctors, and teachers to large institutions—turn to us for the solutions they need when planning for their most important goals. People join our firm from around the world to gain real-world experience while making an impact. Discover how you can have a career at BlackRock that's exciting, rewarding and full of possibilities.

Requirements

• J.D. with outstanding academic credentials and ten to twelve years' relevant experience, preferably in the legal department of an asset management firm or at an insurance company.
• Experience with the Investment Advisers Act of 1940 and other federal securities laws and state insurance law and regulations, with a focus on the fiduciary duties of asset managers.
• Experience with private markets, private funds and insurance mandates.
• Strong negotiation skills, drafting skills, project management skills and interpersonal skills are critical for this role.
• You should have outstanding analytical, written and verbal communication and relationship-building skills, contract drafting and negotiation experience, and a consistent track record working productively as a member of a team.
• You should solve problems in a practical manner, communicate complex concepts in an understandable way, and effectively prioritize among numerous demands.
• You must be organized, a self-starter, and able to manage multiple time-sensitive matters and competing priorities.
• You should excel at coordinating complex projects involving different stakeholders and assisting the business in designing and implementing solutions across a range of BlackRock products and services.

Responsibilities

• You will provide legal advice and consultation related to the structuring and support of client mandates.
• You will be involved with structuring and documenting mandates where assets are allocated to various investment teams at BlackRock including fixed income, infrastructure, and private credit as well as advising on transactions involving BlackRock’s clients.
• You will be expected to understand, advise on, and address the legal issues presented while helping advance BlackRock’s business objectives.
• Your day-to-day will involve advising the business, drafting and negotiating agreements, interacting with internal and external counsel and industry peers, and working on special projects of key interest to the business and the Legal Department.
• You may also be responsible for engaging and managing outside counsel.

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
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: Ph.D. or professional degree
• Number of Employees: 5,001-10,000 employees