ETF/Mutual Fund Client Contract Negotiator, VP - New York

BlackRock • New York, NY

21d • Hybrid

About The Position

About this role Do you thrive in a stimulating and multifaceted environment where legal, commercial and risk management skills are key? We are seeking an associate who is curious, analytical, and passionate to become part of our team. At BlackRock, we strive to empower our employees and actively engage your involvement in our success! Experience what it feels like to be part of an organization that makes a difference! Technology & Operations Technology & Operations handles a breadth of services that impact the product and trade lifecycle as well as BlackRock’s client and employee experience. Tech & Ops provides solutions to evolving challenges faced by clients, employees and the firm. Team Overview The Contracting team is responsible for driving the successful completion of contract negotiations in support of the US open-end mutual fund, Retail Alternatives and Liquidity products lines. We manage the end-to end- contract lifecycle including facilitation of initial due diligence approvals, contract negotiations, contract execution and storage. Our scope includes new contractual arrangements and amendments to existing arrangements in the US Wealth Advisory, Cash Management and Retirement Group business channels. We work closely with our business partners and internal teams to negotiate contracts. Our goal is to achieve the best commercial outcomes for clients while ensuring compliance with BlackRock’s regulatory and fiduciary obligations.

Requirements

• 5+ years of cumulative work experience in legal contract negotiation in the financial services industry
• Proven ability to draft, analyze and negotiate legal contracts across the complexity spectrum (e.g., from template -based contracts to bespoke drafting)
• Strong written and oral communication skills that can be modified based on one’s audience (e.g., Relationship Manager, Legal Department, Client)
• Motivated by steep learning curves and highly detail-oriented
• J.D. is required
• Deep knowledge of mutual funds, ETFs and the asset management industry
• Self-starter with the ability to independently manage tasks and workload
• Able to work effectively and efficiently on multiple tasks simultaneously while maintaining the highest standard and attention to detail
• Think critically, identify and raise issues and risks in a legal contract or process
• Values working in a collaborative way and understands the importance of strong working relationships

Nice To Haves

• Change management experience would be helpful

Responsibilities

• Contract negotiation based on BlackRock’s template or client forms of agreement
• Assessment of legal, business and operational risks for escalation to impacted stakeholders
• Coordinate efforts with the Legal Department, Compliance and business on new product launches that require distribution contracts
• Assist in migration of new product coverage to the Contracting team
• Ensure that contractual documentation is executed and filed in compliance with internal procedural and regulatory/recordkeeping requirements
• Effectively manage client and Relationship Manager expectations and communication throughout the negotiation process
• Identify and implement opportunities for process and client experience improvements

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: Mid Level
• Education Level: Ph.D. or professional degree
• Number of Employees: 5,001-10,000 employees