Vice President, Product Strategy – Multi-Strategy Debt Solutions

Job Description

Description

About this role

About BlackRock Private Markets
BlackRock’s Private Markets platform serves investors seeking outperformance in infrastructure, private debt, private equity, real estate and multi-alternatives solutions. We strive to bring our investors the highest quality opportunities by drawing upon our global footprint, superior execution capabilities, proprietary technology and position as a preferred partner. As of September 30, 2023, BlackRock manages US$271 billion in liquid and illiquid alternative investments and commitments on behalf of clients worldwide.

About BlackRock Private Debt

BlackRock has built industry-leading private debt capabilities over the past 20 years, seeking to deliver attractive results throughout market cycles. Our platform provides a whole portfolio approach to investing across the risk/return spectrum, leveraging our global scale to deliver investment solutions that meet our clients' needs. Deep and experienced teams deploy capital in direct lending, opportunistic credit, real estate debt, and infrastructure debt, providing solutions across U.S., European, and Asian private markets. As of September 30, 2023, BlackRock manages US$84 billion on behalf of Private Debt clients globally.

Position Overview:

The Private Debt Product Strategy team is responsible for representing our range of private debt investment strategies to clients and internal partners. BlackRock Private Debt is seeking to hire a product strategist to support our Multi-Strategy Debt Solutions (MDS) business, a strategic growth initiative for the firm. This product strategist will be responsible for driving business growth related to our alternative credit products and, in particular, our growing IG private debt strategies and multi-strategy insurance solutions business. S/he will be expected to be a commercial partner to key stakeholders and facilitate connectivity between clients / prospects, investment teams, distribution, and operational teams. The product strategist will have a proven ability to communicate effectively with a wide range of stakeholders, work across multiple initiatives, and develop a strong fluency in private debt markets, strategies, and vehicles in partnership with PMs and clients.

Responsibilities:

• Partner with private debt investment teams (portfolio managers) and sales team to analyze the institutional and retail product platform and define opportunities for product development via adjacent strategies / geographies, new ventures, and custom solutions
• Develop internal evaluations and commercialization of new investment strategies and subsequent client offerings in close partnership with a variety of internal and external teams, including defining the market opportunity, understanding competitive landscape, creating and refining BlackRock’s investment narrative, development of offering materials and marketing collateral
• Manage the fundraising efforts globally, with a special focus on insurers, by developing roadmaps, chairing sales pipeline discussions, and collaborating with internal teams to create collateral and thought leadership pieces
• Engage with clients to develop bespoke IG, pan-IG, and multi-strategy debt solutions, including structuring the relevant access points and designing the necessary investment and operational processes to support these mandates across their full lifecycle
• Position and prioritize product suite. Serve as a point of contact and client facing strategist to address questions from the internal sales force, existing clients, and prospects
• Coordinate with internal business teams (legal, tax, business management, fund administration, operations, and risk groups) on new product development, custom solutions, and other offerings
• Coordinate with distribution partners on the engagement of existing and prospective clients and cross marketing opportunities

Skills/Experience:

• Bachelor's degree from top undergraduate institution, with strong quantitative and qualitative skills; CFA/CAIA/MBA a plus
• Minimum 5 years professional work experience in the financial services sector with Private Debt and Alternatives industry specific knowledge a plus
• Experience in product development with a focus on commingled and single-investor private fund structures, including legal and tax considerations as well as investor and operational support models
• Investment and markets background, ideally with experience in credit, closed-end private equity-style products for global investors
• Ability to develop strong and trusting relationships with both internal and external clients swiftly and effectively
• Ability to clearly communicate objectives across a range of stakeholders, including senior management and to articulate the rationale behind those goals
• Results driven individual with a high level of attention to detail
• Ability to manage multiple complex projects at the same time in a time pressured environment
• Strong cross-functional team building and management skills (for example, partnering with multiple distribution channels, marketing, product administration, legal and compliance)
• Leadership - ability to influence, inspire people, while also working in a collaborative team culture
• Strong written, verbal and interpersonal skills to communicate sophisticated concepts and ideas
• Strong Excel, Word, and PowerPoint skills are essential

For New York City only: The salary range for this position is $147,500 - $209,500. 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 | Twitter: @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.

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.