Director, 1940 Act Compliance

Job Description

The Funds Compliance team oversees the compliance program for BlackRock's U.S.-registered product line, which includes ETFs, mutual funds, closed-end funds, and BDCs. The team supports product development, the design and review of policies and procedures, and the implementation of regulations and the work of the fund board.

Role and impact

We are seeking a highly motivated professional to serve as a senior member of the 1940 Act Compliance team. The person will focus on supporting all aspects of the 1940 Act fund business, including supporting compliance programs, developing and reviewing policies and procedures, new product development, including ETFs and digital assets, as well as portfolio and capital markets functions.

Responsibilities

Responsibilities include:

• Supporting senior team members in developing the compliance program for 40 Act and 3(c) funds, including assisting with the redevelopment of products and digital assets.
• Support and partnership with portfolio management, capital markets, trading, and fund operations in all aspects, with a focus on compliance.
• Implementation of compliance programs/controlling frameworks relevant to regulatory risks and legal requirements, including the development and maintenance of policies and procedures and the associated testing program.
• Support for digital assets and tokenization initiatives on the fund platform.
• Participation in special projects and strategic initiatives.

Requirements

We are looking for:

• At least 10 years of relevant experience from a law firm or the legal and compliance department of a leading investment management or financial services company.
• Experience with the Investment Company Act of 1940 is preferred.
• Experience in creating policies and procedures for investment professionals.
• Familiarity with compliance-related software and applications.
• Strong written and oral communication skills.
• Strong focus on risk and attention to detail.
• Strong organizational skills and ability to manage multiple time-sensitive matters in a dynamic and fast-paced environment.
• A business- and solution-oriented approach to interacting and collaborating with key business partners is crucial for this role.
• Expertise in affiliations and/or skills is a plus when executed.
• Bachelor's degree required; law degree or MBA welcome.

We offer

For New York, NY, the salary range for this position is $175,000.00 - $215,000.00. In addition, employees are eligible for an annual discretionary bonus and benefits such as health insurance, vacation benefits, and pension benefits. For Atlanta, GA, the salary range for this position is $200,000.00 - $250,000.00. In addition, employees are eligible for an annual discretionary bonus and benefits such as health insurance, vacation benefits, and pension benefits.

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