Director, US Head of Market Structure

About this role

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 out-performance 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.
 

The Market Structure team sits within BlackRock’s Global Trading organization which provides execution services globally across all asset classes and collaborates with investors and market participants to improve investment performance. The team is responsible for leading Global Trading’s strategic response to commercial, regulatory and technology driven changes in capital markets. The team engages externally with the industry and our public policy colleagues to advocate with policymakers, provide thought leadership, shape market structure, and represent BlackRock’s views on regulatory issues which affect trading. The team’s remit also spans the management of our OTC clearing activities, executing our trading venue strategy, and working with internal functions to design and implement solutions to conform with regulatory changes. The team works closely with BlackRock’s strategic partners, such as dealers, clearing brokers, trading platforms, and CCPs.

The team is seeking a senior market structure expert to lead our US market structure initiatives across all asset classes. Specific experience on regulations impacting trading and liquidity is a must. This role will require working with key business partners, both internally and externally to develop BlackRock’s strategy. This role offers excellent learning and career opportunities as part of a diverse team. This position is based in New York.

Responsibilities

• Influence and shape market structure across asset classes and products, with a particular emphasis on US and FICC markets
• Represent BlackRock’s perspective and buy-side views on market structure issues externally with regulators, exchanges, CCPs, and industry associations / working groups
• Partner with the public policy team to develop BlackRock ViewPoints and comment letters / responses to proposed regulation that will impact trading or liquidity
• Work closely with strategic partners (e.g., dealers, clearing brokers, trading platforms, CCPs, etc.) to define and implement business models and platform enhancements
• Design and guide delivery of internal trading solutions / projects as required by regulatory changes, collaborating with other BlackRock stakeholders (e.g., EMIR 3.0, UST / repo clearing, dealer definition)
• Provide input into our electronic trading strategy to evaluate new functionality, platforms, and connectivity across asset classes
• Evaluate new technology (e.g., blockchain) and trading platforms to determine potential impact to markets and identify emerging industry trends and disruption
• Review opportunities to clear new products available in the market and develop cost-benefit analysis of such offerings (e.g., margin impact & fee analysis)
• Perform ongoing oversight and support to trading teams for cleared swap workflows and intraday credit limits
• Mentor / develop junior colleagues

Skills & Qualifications

• 9+ years of experience in financial markets or the regulatory landscape
• Prior experience with a discipline relating to Fixed Income or Equities, such as, but not limited to, Trading, Operations, Legal & Compliance, etc.
• Deep knowledge and understanding of buy-side investment processes and trading workflows
• Working knowledge of central clearinghouse frameworks a must
• Some derivatives experience a plus
• Strong communication skills with the ability to clearly articulate positions, write effectively and deliver presentations
• Good interpersonal skills to facilitate engagement with colleagues and deliver updates to key stakeholders
• Natural relationship building orientation; collaborative
• Ability to coordinate and lead projects across different levels and functions
• Highly motivated self-starter
• Desire and willingness to innovate
• Analytical and data modeling skills a plus

 

For New York City only: The salary range for this position is $200,000 - $260,000. 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.