About this role
Team Overview
BlackRock Alternative Investors (BAI) is one of the top five largest alternative asset managers in the world. We are active in all asset classes and connect them in ways other firms can’t match, organizationally aligning under a single leadership across products and adhering to a common operating process across the assets consisting of real estate, infrastructure, credit, private equity and hedge funds. Our scale means we offer expertise and access unique to BlackRock, and you’ll collaborate with teams across our firm in unexpected ways. As part of a key growth engine for the firm, you’ll be invited to continue building the platform that is shaping the future of Alts investing by inventing and evolving innovative tech solutions on a team that continuously outperforms – setting new standards.
Grow your career with the firm that’s building tomorrow’s alternatives platform, backed by a purpose that drives positive outcomes for clients and the communities we serve.
The Alternatives Client Services (ACS) team support all of BlackRock’s privately placed alternatives products, including hedge funds, fund of hedge funds, private credit, private equity, and real asset funds from the time of investor onboarding throughout the life cycle of the fund. ACS is primarily responsible for investor onboarding, report distribution, transfer agency oversight and investor queries as well as internal and external reporting and client data management.
Responsibilities for this position will include management of the regulatory reporting requirements where investor data is required including FormPF/PQR, Dodd Frank and AIFMD. ACS is also responsible for overseeing the FATCA/CRS reporting and ensuring the proper process in place to collect all tax forms during onboarding. This person will also be responsible for the future state of client data and migration of the data to the end state technology. This role will also include additional projects that involve digital client onboarding of sub docs and improvement of the AML/KYC process. This position involves interaction with departments and business lines across the firm and offers an opportunity to join a fast paced and growing business within BlackRock. The successful candidate will be pro-active and flexible, will demonstrate initiative with a drive to succeed both as an individual and as a team.
The candidate’s responsibilities and essential functions will include but are not limited to:
Regulatory/Tax Reporting:
Serving as the key partner for ACS on cross-functional internal working groups with respect to Tax and Regulatory reporting.
Acting as a Subject Matter Expert for the team on global regulations, such as AIFMD, FATCA, Common Reporting Standards, Dodd Frank (Form PF/PQR), Form D/Blue Sky, and other relevant country-specific regulations.
Participate in the research and implementation of new and revised reporting requirements, and/or the evaluation of regulatory requirements for new products/transactions
Client Data/CRM
Develop a documented understanding of current platforms, opportunities for improvement and plan for implementation of the future model.
Gather understanding of users of underlying client data including reporting platforms, regulatory reporting and internal team members to assist with future state plan and identify and roadblocks or limitations.
Digital Onboarding Technology
Partner with legal and tax to develop a new standard subscription document that can be used for a digital tool.
Lead the project management and testing of the integration on investor onboarding process to a digital tool.
This may also include partnering with our external transfer agents on the process and defining the workflow for onboarding and AML/KYC review.
Experience
10-15 years’ experience in a dynamic, deadline orientated, operational/ client service role with expertise in Alternative private funds
Participate and lead projects across the department, particularly those…