Job Description
BlackRock is a recognized leader within the defined contribution (DC) market, managing over $1 trillion in DC assets. To maintain the firm’s leadership position and to meet growth objectives in this market, BlackRock is seeking an experienced sales professional to develop the sub-$1B institutional DC channel.
The individual will be responsible for marketing directly to sub-$1B DC plan sponsors, as well as servicing some existing clients. This will involve developing new prospects as well as leveraging the deep and well-established relationships in the defined benefit market and advisor and consultant channels to cross sell BlackRock’s capabilities across all investment classes. The individual will market a full range of investment options including multi-asset, equity, fixed income, target date, and index funds.
The ideal candidate will have deep investment fluency and extensive sales expertise. Knowledge of the DC market, investments, plan design, regulatory matters, distribution, and recordkeeping is a plus, though emphasis will be placed on relationship management and prospecting experience, whether direct to institutions or through advisors and consultants.
Major Responsibilities
Develop the Eastern US / Western US sub-$1B market through direct prospecting.
Raise assets from new and existing clients.
Collaborate with account executives across BlackRock (Pensions, Cash, Financial Institutions, Advisor and Consultant Relations, etc.), to develop opportunities.
Develop and drive new opportunities from beginning to end: initial pitch, finals presentations, client onboarding, ongoing account reviews, and client service.
Ideal Qualifications
Minimum 5+ years in asset management sales and/or relationship management.
Proven track record of growing revenue.
Strong investment acumen and a high degree of fluency and comfort in structuring and positioning investment solutions. Understands value-added consultative interactions that extend beyond specific products.
Experience with intermediaries (advisors and consultants) is a plus.
Multi-asset experience, including target date funds, is preferred.
Strategic thinker committed to collaboration and team environment.
Possess high energy, motivation, and a commitment to excellence.
Flexible and adaptive in a high growth, innovative, and dynamic environment.
Exceptional oral and written communication skills.
Deep knowledge of DC industry trends, regulation, and operations is a plus.
FINRA Series 7 and 63 required.
An undergraduate degree is required and an MBA, other advanced degree, or CFA are preferred.
New York, New York
BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager with $6.5 trillion in assets under management as of April 2019. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
In May 2019, BlackRock received widespread criticism for the environmental impact of its holdings. It is counted among the top three shareholders in every oil “supermajor” except Total, and is among the top 10 shareholders in seven of the 10 biggest coal producers. In its 2018 annual letter to shareholders, chief executive Larry Fink said that his overriding duty is to make customers money, whatever the environmental consequences.