Global Accounting & Product Services (GAAPS) manages the accounting and operating control environment for BlackRock's global commingled vehicles and separately managed accounts, and provides various other administrative support functions to BlackRock’s various product ranges. Responsibilities include:
Oversight of internal and outsourced accounting, reporting and performance functions (mutual funds, ETFs, alternatives, insurance and separately managed accounts)
Portfolio Compliance – monitoring for adherence to product and regulatory guidelines
Product Oversight and Governance (POG) is a unit within GAAPS. POG teams are organized regionally to support the unique jurisdictional requirements of our various commingled fund ranges. POG teams manage the fund-level “structural” needs of the various fund ranges, including support to BlackRock business groups that create our products, and the boards of directors that oversee our funds.
Members of Product Oversight and Governance typically serve as senior officers of our fund ranges, are responsible for overseeing the funds’ overall control environment and manage numerous business affairs in support of our funds. These individuals will connect across GAAPS and Business Operations to manage product and regulatory changes within our fund ranges. Product Oversight and Governance has matrix management responsibility for the fund ranges, including activities carried out by Fund Accounting Oversight and Global Financial Reporting functions.
Chief Financial Officer - iShares
Serve as the Principal Financial Officer responsible for the US iShares fund range
Audit Committees – own relationship with the various audit committee members, keep audit committee chair informed on all relevant matters and provide senior leadership at Board meetings.
US iShares / BlackRock Trust Company(BTC) Board Reporting – deliver and support all Board related materials (e.g., Foreign Tax reclaim reporting, BTC reporting, NAV accuracy, GAAPS policies, etc.)
Expense management – Responding to inquiries from business, support ongoing product launch and closures, and expense structure changes. Review of expense ratios in regulatory documents.
Distributions management – manage monthly, quarterly & annual income and capital gains distributions
Line of Credit Administration – Annual renewals, covenant monitoring, usage and repayments
Tax & Accounting Policy Coordination – Partner with Accounting Policy and Tax teams to establish, monitor and implement policies for various product ranges
Transfer Agency Related Oversight – ‘33 Act and iShares Inc. monitoring
Securities Lending – Liaise with the BlackRock Securities Lending Team in support of US iShares’ activity
“Health Checks” – perform annual detailed review of service providers’ control environment.
Operating Events – in coordination with our stakeholders, elevate and address any operating events that impact our funds.
Risk and Control Self-Assessment (RCSA) – perform annual self-assessment of risk and control environment.
Policies and Procedures – ensure maintenance and application of relevant fund policies and procedures
Disclosures Control and Procedures – partnering with financial reporting team, participate in the quarterly assessment of internal controls over financial reporting
Business Continuity Planning – maintain and update existing business continuity plan. Participate in annual testing.
Experience and Key Competencies:
15+ years’ experience in fund CFO and Oversight function, or comparable experience
Ability to build strong and collaborative relationships within the firm – both within the Product Oversight and Governance team, and with a network of internal colleagues across Blackrock.
Strong technical knowledge and experience in mutual funds, ETFs, board governance, regulatory and investment industry matters.
Excellent organizational and project management skills with a proven ability to prioritize effectively.
Proven track record devising and implementing business development strategy and the ability to utilize teams effectively in order to execute strategy.
Strong leadership of a high-performing team.
Internal Number: R182221
BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of June 30, 2018, the firm managed approximately $6.3 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.