Director, 1940 Act Compliance

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

BlackRock's Compliance Department protects BlackRock’s reputation and provides advice to the business focused on ensuring the protection of our clients’ best interests. The department operates in a dynamic environment with the team focused on understanding evolving business strategy, as well as advising on the impact of regulation in our business, with the objective of:

• Actively participating in business decisions to champion our clients’ interests and assist the business in translating Compliance into their daily work and decision making;

• Putting client interests at the center of everything we do;

• Cultivating and enhancing BlackRock’s Compliance culture;

• Providing thought leadership on the impact and implementation of regulation to our business and to the market; and

• Developing and fostering excellence within the Compliance team.

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 reporting to the Chief Compliance Officer.

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, preparation of board materials and providing assistance in new product development.

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.

Responsibilities

Responsibilities will include:

• Extensive Board engagement, including production of written updates to the Boards on various aspects of the compliance program, and presenting at Board meetings.

• Assist senior team members in development of the compliance program for 1940 Act funds, including providing support for new product development and implementation of new regulations.

• Implement compliance programs/control frameworks relevant to regulatory risks and legal requirements, including development of policies and procedures and the associated testing program.

• Participation in special projects and strategic initiatives. 

We are looking for

• 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. 

• 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 clients is critical for this role.

• Bachelor’s degree required; law degree or M.B.A. welcome.