About this role
Role:
The Endowments & Foundations (E&F) Relationship Manager will develop and cultivate relationships with existing E&F clients and prospects across the United States. The successful candidate will be responsible for marshalling the business’ efforts in that channel, including overseeing and contributing to the development of BlackRock’s E&F strategy, and all marketing initiatives and thought leadership to execute on this strategy. While there are significant new business and client service elements to the role, this person will also be responsible for educating teammates on strategy nuances, sometimes serving in a product specialist capacity with clients. They will market a full range of investment options including traditional long-only strategies, alternatives, and multi-asset solutions. The role will be fully accountable for the financial results of an assigned book of business.
Responsibilities:
- Design and implement a sales strategy for Foundations and Endowments clients and prospects within the FOHFE team. Meet predetermined targets for net-new revenue, new mandates, and meetings.
- Develop, maintain and build key prospects and convert prospects to client relationships;
- Coverage of pre-existing client relationships, defense of existing business and cross sell to grow mandates across multiple strategies; .
- Identify and diligently pursue new investment opportunities through consultative dialogues with investors. Focus on strategic products for the group as well as mandates that will have the most commercial impact.
- Effectively develop a cohesive and consistent narrative around the firm’s competitive advantage, investment philosophy, process and the performance of the FOHFE business.
- Develop product fluency across BlackRock's investment options across indexed, systematic, and active strategies, hedge funds, and private market solutions. s.
- Record client activities and opportunities in CRM systems on a timely basis.
- Work collaboratively with partners within BlackRock to meet clients’ needs and objectives.
- Lead junior team members on assigned accounts to service clients and implement sales strategy; actively mentor and contribute to their overall career development.
- Certain amount of domestic travel will be required.
Qualifications:
- 10+ years of established track record in an institutional relationship management and fundraising and preferably with a focus on alternative investments.
- Deep investment knowledge. Strong proficiency across a wide range of traditional and alternative Investment products.
- Deep industry knowledge, including clear awareness of key issues and financial issues affecting Foundations and Endowments.
- A developing network of relationships with Endowments and Foundations, and industry referral relationships – investment bankers, legal/accounting firms, and their key stakeholders.
- BA/BS degree in related field (Economics, Finance or Accounting). Advanced degree/CFA is desired.
- Has, or is willing to obtain, the Series 7, 63, and 3 licenses.
Competencies:
The ideal candidate will possess the following skills/traits:
- Self-managed, highly driven by relationship management and revenue generation.
- Proven intellectual ability and interpersonal skills. Able to establish credibility with and influence the institutional investor community.
- Highly effective in forging working relationships with team members and business counterparts. Ability to inspire and motivate the team to deliver high levels of performance.
- Excellent verbal, written communication and presentation skills.
- Strong time management, organizational and problem solving skills.
- Strong professional and personal integrity.
For New York, NY Only the salary range for this position is USD$270,000.00 - USD$350,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
