Director, 1940 Act Compliance
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Overview
Job Description
About this role
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.
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, new product development including ETFs and digital assets, and portfolio management and capital markets functions.
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:
- Support senior team members in development of the compliance program for 40 Act and 33 Act funds, including providing support for new product development and digital assets initiatives.
- Support and partner with portfolio management, capital markets, trading and fund administration functions in all aspects with touchpoint to fund compliance.
- Implement compliance programs/control frameworks relevant to regulatory risks and legal requirements, including development of policies and procedures and the associated testing program.
- Support digital assets and tokenization initiatives across the fund platform.
- 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.
- Experience drafting policies and procedures to be used by investment professionals.
- Familiarity with compliance related software and applications
- 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 key business partners is critical for this role.
- Expertise in affiliation and fund of funds rules is preferred.
- Bachelor’s degree required; law degree or M.B.A. welcome.
Our benefitsTo 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 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. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
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 Disability.Assistance@blackrock.com. All requests are treated in line with our .
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.Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.
