Client Contracting Associate - EDI

Job Description

DescriptionAbout this roleAbout BlackRockBlackRocks 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 March 31, 2022, the firm managed approximately $9.57 trillion in assets on behalf of investors worldwide. About Client ExperienceOur mission within the Client Experience (CX) organization is to make it easier for clients to do business with BlackRock, making service so simple it becomes a source of alpha. We are organized across 4 key pillars: 1) Client Experience Delivery, client-facingteams orchestrating all aspects of service delivery, and onboarding teams bringing new business onto our platform, 2) Whole Portfolio & Wealth, differentiated capability for both Whole Portfolio and Wealth clients & products, respectively, 3) Client ExperienceOperations, core client operations teams driving reporting, billing, and onboarding due diligence across the globe, and 4) Client Experience Transformation, accelerating progress towards our CX mission via research and competitive insights, analytics, marketing,business and change management. The Contracting team partners closely with ICB, Relationship Managers, Legal and Compliance, Onboarding teams and other internal groups to ensure BlackRocks contracts balance commercial outcomes with appropriate risk management and fiduciary obligations. Wecover a broad range of clients including sovereign wealth funds, central banks, pension funds and insurance companies each of whom may transact in different investment strategies, products, instruments and markets offered by BlackRock. We are responsible fordriving and completing contract negotiations with clients on behalf of BlackRocks Institutional Client Business (ICB). Role Description

• Drive the contracting process from initial drafting through negotiation and execution for your portfolio of business and meet client expectations
• Own a client channel, supervise the book of work for that channel including complexity assessment and case assignment, and find opportunities for process and client experience improvements
• Facilitate and coordinate with internal partners across functions involved in the contracting process, ensuring their comments flow through to the contract and requisite approvals are acquired
• Manage client expectations throughout the negotiation process
• Ensure that the appropriate contracting process is followed to mitigate risk to BlackRock
• Identify potential issues that are disseminated to potentially impacted internal stakeholders for review, discussion, negotiation and resolution
• Capture and record relevant non-standard contractual clauses on an ongoing basis and maintain the contractual documentation database
• Ensure that all completed contractual documentation is properly filed and circulated to relevant groups
• Find opportunities for process and client experience improvements
• Support the sales team with contractual documentation queries

Experience/Qualifications:

• Proven track record to draft and negotiate sophisticated legal contracts
• Ability to perform and deliver high quality legal contracts in a fast-paced environment
• Proven skills in successfully managing competing internal and external demands within timeframes
• Strong communication and presentation skills
• Knowledge of the asset management industry (fund types, client base and strategies, operational set up and products) and applicable law and regulations
• Comfort in working with multiple systems to supervise and handle the contract negotiation lifecycle
• JD is a plus

Proficiencies:

• Ability to independently handle tasks and workload with some guidance and oversight
• Ability to think out of the box, to navigate sophisticated internal processes and functions, and be able to offer practical solutions that will be mutually helpful to both the client and Blackrock
• Demonstrated ability to balance client needs with BlackRock policies and operational procedures; possess regulatory and technical awareness in order to understand associated risks and provide innovative, risk-free and compliance friendly solutions
• Ability to be a great teammate is crucial
• Possess the ability to adapt to internal processes and requirements
• Open to new challenges; able to work effectively and efficiently on multiple projects simultaneously in a fast-paced and demanding while maintaining the highest standard and attention to detail
• Strongly proficient in standard software (e.g. Microsoft Office) and interested in new technologies

Our benefitsTo help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources tosupport your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about. Our hybrid work model BlackRocks 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 3 days in the office eachweek, with the flexibility to work from home up to 2 days a week; some business groups may require more time in the office due to their roles and responsibilities. Beginning in September, all employees will shift to at least 4 days in the office per week,with the flexibility to work from home 1 day a week. 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 hybridmodel to accelerate your learning and onboarding experience here at BlackRock. About BlackRockAt 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 childrens 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 investm