About this role

BlackRock Global Markets (BGM) – Vice President, ETF Capital Markets

Your team

The ETF Markets US iShares Capital Markets team is responsible for growing and protecting the trading of the US iShares product suite. We are passionate about leading all aspects of primary and secondary market ETF trading! We seek to identify and mitigate trading frictions that could impact the market quality of our products. In addition, we work alongside ETF market participants, such as liquidity providers, exchanges, and regulators to strengthen and advance the ETF trading ecosystem.

Your role and impact

In this role you will be responsible for protecting and growing the secondary trading of iShares ETFs and manage daily order taking and risk management of the ETF Primary Market. Our goal is to improve ETF market quality while ensuring investor protections are in place for the benefit of our clients.

You will collaborate with partner teams across BlackRock during stressed market events, when performing due diligence on the trading efficiency of our current ETF offering, as well as ensuring a smooth transition to trading when launching new ETFs. This person will also be accountable for analyzing and understanding the technical nuances of ETF trading, spanning all asset classes. Protecting the ETF’s primary and secondary markets through risk management is a core function of the role; this person will be required to lead the team in responding to a broad range of market events and disruptions, requiring the ability to operate and show sound judgement whilst under pressure and a strong understanding of risks across the business to effectively drive solutions. The individual in this position will also work closely with internal partner teams and externally with ETF liquidity providers to progress critical initiatives, understand trading frictions as well as chances to create changes that increase participation or strengthen the ETF ecosystem.

Your responsibilities

Be an ETF trading subject matter authority and demonstrate in-depth product knowledge to promote efficient ETF trading and differentiate BlackRock ETFs from competitor funds and other investment vehicles.
Oversee and monitor BlackRock ETF trading daily, identify and raise client and business risks and coordinate with the business, external market makers and equity exchanges on resolution.
Lead the identification and analysis of trading frictions and inefficiencies impacting ETF market quality.
Foster strong relationships and collaborate with external market makers and ETF listing exchanges to collectively drive strategies which can improve ETF trading efficiency.
Partner with internal teams including product and portfolio managers to implement product design and trading process improvements.
Monitor articles, white papers, and blogs that highlight potential issues with ETFs and help to coordinate a thoughtful response, ensuring consistency with our global message

You have…

BA / BS in Finance, Economics, Mathematics, Engineering or similar field; CFA a plus
7+ years industry experience with an understanding of ETFs, markets, secondary trading, and US equity market structure.
Working knowledge of SQL, excel, statistical analysis and experience working closely with internal and external partners
Risk management mentality, able to identify and action client and business risk in a timely manner
Confirmed relationship-building abilities, particularly influencing internal and external partners
Have a high level of motivation, comfort with ambiguity and the ability to function well under time pressure
High degree of professional discretion, accountability, and judgment. Critical that person is adaptable, flexible and thrives in a team environment!
Prior ETF industry or trading experience is desirable
Series 7 and 63 (may be obtained post-hire)

For San Francisco, CA Only the salary range for this position is USD$155,000.00 - USD$210,000.00 . 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.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.