Description
About this role
Business Unit Overview:
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 BlackRock Global Markets group, is one of the world's largest providers of cash management solutions to institutional and retail investors and manages approximately $724 billion (as of 9/30/2023) 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.
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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.
Position Description:
Within our US Corporate and Institutional Sales team, we seek a salesperson to contribute to the firm's sales efforts covering corporate treasury, universities, municipalities, and other Institutional distribution channels within the Midwest territory. The individual's primary focus will be to work closely with external corporate treasury teams to generate new business, along with growing existing relationships by delivering the resources of the Firm and our global Cash Management products and services.
Key Responsibilities include:
- Sourcing of new business opportunities within the Corporate treasury and Institutional sector via engagement on balance sheet cash pools
- Assisting in the further development of existing relationships within the Corporate treasury and Institutional sectors
- Partnering with internal resources to build relationships and referral network to identify Cash management opportunities
- Delivering market insight and expertise to clients, helping to craft a narrative around opportunities that may exist
- Seeking whole portfolio solutions across entire BLK product line
- Understanding the changing landscape of technology-based providers of investment solutions as external and internal optionality evolves
- Background on a range of products across jurisdictions, including money market funds, short duration funds, ETF's and CTF's.
- 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
- Working closely with portfolio management, marketing, and strategy teams to generate new business ideas and opportunities
- Travel to attend client and prospect meetings together with industry conferences and events
Skills and Qualifications include:
The ideal candidate will have demonstrated a track record in the following areas:
- Experience in sales and relationship management, ideally with Corporate and Institutional investors
- Understanding of cash and liquidity product offerings including money mark mutual funds, as well as functional knowledge of ETF's, CTF's, SMA's and Ultra-Short Funds.
- Commercial / Entrepreneurial Spirit - a focus on successfully developing new business and areas of sales penetration while working in a team structure
- An understanding of the broader market, economic and industry / regulatory landscape affecting client investment activities
- Interest to use innovative prospecting methods around AI and technology
- Working front-end fixed income acumen and knowledge of securities, sectors and credit ratings
- Experience in working within and utilizing technology-based Client Relationship Management tools.
- Potential ability to access and leverage existing relationships
- Proven contributor within a collaborative sales team effort across region
- Strong client management skills with a focus on written, verbal and presentation communication settings
- Must have the Series 7 and Series 63
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.
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.