BlackRock Global Markets (BGM) - Vice President, ETF Capital Markets Job at BlackRock, San Francisco, CA

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  • BlackRock
  • San Francisco, CA

Job Description

**About this role**

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**

This is a multifaceted role where this individual will be responsible for strategic leadership in identifying, spearheading, and implementing initiatives aimed at enhancing market quality for ETFs, with the primary focus on mitigating trading frictions in the ETF trading ecosystem. In addition to driving critical initiatives, the role also involves managing daily order taking and risk management of the ETF Primary Market platform. This individual will act as a conduit between external trading firms, market infrastructure and portfolio management. This team member will require strategic mentality, outstanding collaborative skills and the ability to partner with a broad range of collaborators. This person will be accountable for analyzing and understanding the technical nuances of ETF trading, spanning all asset classes. Protecting the primary market platform through risk management is a core function of the role; this person will be required to participate 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 a risk manager, ensuring our ETFs and their shareholders are protected

+ Be an ETF trading subject matter expert and demonstrate in-depth product knowledge to promote efficient ETF trading and differentiate iShares from competitor funds and other investment vehicles.

+ Foster strong relationship with ETF market participants (such as Authorized Participants, Market Makers)

+ Lead the identification and analysis of trading frictions and inefficiencies affecting ETF market quality

+ Develop and implement strategic initiatives to enhance ETF trading ecosystem

+ Collaborate with external liquidity providers, grow those relationships, and collectively drive strategies which can improve ETF trading efficiency.

+ Partner with internal stakeholders including product development teams and portfolio managers to implement product design and trading operational improvements.

+ Partner with technology and platform teams to manage and support a global technology pipeline and test and implement key enhancements to our primary market platform.

+ Collect, analyze and extract meaning from ETF trading data to produce relevant market content.

**You have**

+ BA / BS in Finance, Economics, Mathematics, Engineering or similar field; CFA a plus

+ 5-7 years industry experience with an understanding of trading and market infrastructure

+ Series 7 and 63 required (may be obtained post-hire)

+ Strong strategic attitude to identify long-term solutions or improvement in current processes.

+ Project Management skills to ensure successful execution of initiatives.

+ Risk management mentality, able to identify downstream implications and proactively call out vulnerabilities.

+ 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!

+ Confirmed relationship-building abilities, particularly influencing, and listening to people across different functions and seniorities.

+ Strong oral and written communication skillsthe ability to clearly and accurately communicate information to a wide group of internal and external stakeholders is critical to this function

+ Prior ETF industry or trading experience is desirable

For California and New York City only the salary range for this position is $137,500 - $194,000. 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**

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 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 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 investment the one we make in our employees. Its why were 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:

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 persons 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.

Job Tags

Apprenticeship, Flexible hours, 1 day per week,

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