Vice President, External Relationship Management (NYC, SF or Chicago)
Description About this role
The Cash Management Group (CMG) at BlackRock offers a wide range of products and custom solutions to fit clients' needs that includes: securities lending, cash collateral, sweep activity and separate accounts. BlackRock's cash management style is designed to meet each client's objectives of capital preservation, liquidity and yield - in that order.
BlackRock and its predecessor companies have been involved in the management of Money Market Funds (MMFs) since 1973, and today, BlackRock's Cash Management Group (CMG) a business division within the Lending and Liquidity Strategies (LLS) group is one of the world's largest providers of cash management solutions to institutional and retail investors and manages approximately $650 billion (as of 9/30/2020) in cash assets globally. The firm's success within Cash Management has come as a result of earning the trust of our clients through multiple interest rate cycles and a wide variety of market events as opposed to solely generating the highest yields.
Today the Cash Management Group provides solutions either directly or through intermediary partners for institutional and retail clients in more than 60 countries, including corporations, pension funds, foundations, endowments, official institutions, insurance companies, sub-advisory relationships, high net worth individuals, family offices, private banks, traditional and alternative investment managers.
Within our US Banking and Alternatives Sales team, we seek a salesperson to contribute to the firm's sales efforts covering the retail and regional bank segment with specific emphasis on emerging broker-dealers. The individual's primary focus will be to work closely with BlackRock's USWA channel for new business generation from emerging run broker-dealer firms while also growing existing business relationships within the retail and regional bank segment who utilize BlackRock's cash management services for their customers' needs. Key Responsibilities include:
Skills and Qualifications:
Sourcing of new business opportunities via minority owned broker-dealers, retail and regional bank channels
Educating clients on the regulatory landscape for the money market industry and helping to identify and provide alternative/sustainable investment solutions that support their needs
Understanding the nuances of the banking industry that may drive short term assets off bank balance sheets and into BlackRock's liquidity solutions
Working closely with portfolio management, marketing and strategy teams to generate new business opportunities
A proven track record of successfully developing new business while working in a team structure
5-10 years relevant sales and relationship management experience within financial services
Strong communication skills including written, verbal and presentation skills
Series 7 & Series 63 desired
The position can be located in New York City, San Francisco or Chicago. 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. About BlackRock
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide.
For additional information on BlackRock, please visit www.blackrock.com/corporate | 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.