About this role
As a fiduciary asset manager, BlackRock is committed to acting in the best long-term interests of our clients. We undertake our Investment Stewardship (BIS) activities to protect and enhance the economic value of the companies in which we invest on their behalf. In this way, we contribute to BlackRock’s mission of creating a better financial future for our clients.
The BIS team is considered to be an investment function as it engages in proxy voting at portfolio companies on behalf of clients globally. The team operates in six offices across three regions – the Americas (New York and San Francisco), EMEA (Europe, Middle East, and Africa) and Asia-Pacific (Tokyo, Hong Kong and Sydney).
BlackRock strives to take a common approach to all of our engagement and voting policies. BIS is responsible for coordinating, communicating, and carrying out these policies across the 90 markets and approximately 17,000 shareholder meetings at which the firm votes each year. In addition, it leads approximately 2,000 engagement meetings with portfolio companies annually.
The Vice President of Investment Stewardship is a senior leadership position reporting to the Head of BIS Americas. The intention is for the incumbent to specialize in several industry sectors for North America, as well as in a subset of the policy issues covered by the team, while continuing to support the delivery of our annual and long-term objectives. The role may include voting, engagement, and policy in several markets in the rest of the Americas.
Specific responsibilities include:
1. Implementing the approved corporate governance policies for the region through engagement with a subset of investee companies, including voting at shareholder meetings;
2. Contribute to the development of the firm’s corporate governance policies and the strategies for implementing them each year;
3. Initiate and lead internal research projects, drawing on the contributions of other team members, as required;
4. Keep abreast of and participate in the external public debate on corporate governance, stewardship and shareholder rights through membership of relevant shareholder and governance groups (includes both formal and informal representation, public speaking, client meetings, publications, etc.);
5. Demonstrate a working knowledge of proxy operations and the supporting systems, contributing to process improvements to ensure that policy implementation is as efficient and effective as possible.
The tasks involved in fulfilling these responsibilities include:
Engaging with representatives of portfolio companies at senior levels to encourage the observance of good practice and to ensure an understanding of BlackRock’s views on corporate governance and shareholder rights
Engaging with fundamental portfolio managers to get their input into our engagements, including proxy voting, and risk analysis
Supporting the integration of environmental, social, and governance (ESG) considerations into the investment process, as applicable
Engaging with members of the BIS advisory committee to contribute to their understanding of and support for the work of the BIS team
Staying updated on policy developments in specific sectors and markets to ensure BlackRock’s principles and guidelines remain relevant
Representing BlackRock on advisory committees and working groups on stewardship, corporate governance and ESG as required
Analyzing meeting agendas and related materials in order to vote in the manner most consistent with BlackRock’s corporate governance policies
Analyzing companies outside peak voting periods for ESG risk, and determining appropriate course of action
Contributing to reports for and/or engaging with internal and external parties on BlackRock’s corporate governance policies and activities
Partnering with BlackRock’s client-facing group, BIS’ communications team, and with clients directly to ensure client reporting and client presentations meet expectations, and that client queries on corporate governance are responded to promptly and to the satisfaction of the client
Contributing to and/or leading engagement with policymakers on corporate governance policy and ESG matters via dialogue and/or public comment letters
Initiating and conducting research on corporate governance topics and related matters
Engaging with research providers and other external contributors to the BIS team’s activities to ensure they meet our needs, particularly as our needs evolve
Contributing to the continual review of the BIS team’s output and working practices to ensure risks are minimized and performance optimized
Participating in the monitoring of proxy voting workflow, to ensure all accounts are voted as intended and are in accordance with the appropriate guidelines
Key qualifications include:
An undergraduate degree in finance, economics, accounting or related discipline
CFA, MBA, and/or law degree preferred
Investment management, investment banking, corporate, and/or legal experience preferred
Proven corporate governance interest and experience; additional focus in compensation an advantage.
An understanding of and interest in ESG issues as long-term investment considerations
The ability to build and maintain successful relationships with colleagues across the firm and with external parties
The ability to analyze and resolve complex issues under time pressure
A detail-oriented, focused, and persistent work ethic to execute while managing multiple tasks and changing priorities
An organized, self-reliant, and self-motivated approach to responsibilities
The ability to communicate clearly and persuasively in writing and orally, with senior colleagues, investee company representatives, and the public
BlackRock’s 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 June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.
For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | 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.