Director, Institutional Asset Management Legal Counsel

About this role

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.

Responsibilities

You will provide legal advice and consultation related to the structuring and support of client mandates. You should have experience with various means of providing investment management services to insurance company clients, including through separately managed accounts, private funds, and funds-of-one. 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 should demonstrate initiative and accountability and possess excellent analytical, communication, and negotiation skills. You will be required to work across different business functions, be consistently responsive, have confidence presenting complex issues to senior legal and business managers, and be able to work creatively in a fast-paced environment. You may also be responsible for engaging and managing outside counsel.

To ensure success you will possess the following:

• 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.

For New York, NY Only the salary range for this position is USD$235,000.00 - USD$300,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 th