Job Information
BlackRock Vice President, Legal Counsel in Shanghai, China
About this role
About BlackRock CCB Wealth Management Limited
BlackRock’s purpose is to help more and more people experience financial well-being and the firm has a long history of investing in and serving investors in China. BlackRock aspires to become the leading global asset management firm operating in China and is committed to contributing to the long-term development of the local asset management industry. BlackRock CCB Wealth Management Limited (China WMC) – a Shanghai-based joint venture between BlackRock, China Construction Bank and Temasek – aims to deliver investment excellence by offering customer-centric, diversified and innovative wealth management products and solutions to help Chinese people secure a better financial future and retire with dignity.
Role Description
This role will be responsible for providing legal support and advice on a daily basis for business activities in China WMC, utilizing a high level of intellectual agility and creativity. This role also involves responsibility for the Board and Shareholders’ Committee related matters under the robust corporate governance framework.
Responsibilities
Review, draft and assist in the negotiation of agreements in support of China WMC’s business operations (e.g. WMC product documents, fund contracts with third-party managers, procurement agreements, trading agreements, and other legal documents);
Assist with product development and structuring including fixed income products, QDII, and retirement products, and expansion into new asset classes such as equity, bonds, derivatives and any other standard or non-standard instruments;
Provide ongoing advice regarding products, investment instruments, sales activities, internal control and strategies based on an in-depth understanding of regulatory requirements and market insights;
Liaise with regulators, industry groups and self-regulatory bodies to advocate for China WMC’s initiatives and respond to consultation papers (if applicable);
Negotiate different forms of agreements or contracts, including custodian agreements, distribution agreements, fund contracts, etc.;
Proactively identify changes in laws/regulations and keep internal stakeholders informed of these changes and their impacts on China WMC’s business;
Prepare and draft board meeting/shareholders’ meeting materials and assist in the convening of the meetings in accordance with PRC Company law, China WMC’s Articles of Association, Shareholders’ Agreements and the annual Board/Shareholders’ Committee proposals plans;
Establish legal policies and procedures, including contracts management, seals and stamps management, authorization management, intellectual property management and Legal cases management, etc.;
Work closely with the Compliance team to ensure business practices align with laws and regulations; and maintain consistency in delivering L&C advice;
Work closely with other functions including overseas colleagues to ensure effective delivery of L&C deliverables in projects which involve cross-functional collaboration;
Effective engagement and management of external counsel, including cost management;
Deliver legal training needs.
Qualifications
PRC bar qualification or licensed to practice law in China, with a minimum of 8 years relevant working experience;
Candidates from top-tier law firms or the L&C department of leading bank wealth management institutions, FMCs, securities firms or other leading asset managers; Experience from wealth management company and/or bank wealth management institutions are preferred;
Solid experience and knowledge in advising on bank wealth management products, mutual funds, private funds, trust or other standard and non-standard asset management products;
Familiar with legal and regulatory aspects throughout the life cycle of an asset management or wealth management product;
Experience (including providing legal support) in company secretarial work and corporate governance;
Provided legal support to establish relationships with regulators and self-regulatory bodies;
Build proactive/collaborative relationships with onshore/offshore stakeholders and be able to manage business expectations from legal perspective;
Excellent time management, organizational and prioritization skills;
High-level proficiency in both written and spoken Chinese and English;
Strong attention to detail, sound business judgment and commercial acumen;
Willingness to learn and evolve with the business growth.
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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
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