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BlackRock UK Insurance Solutions Strategy, Associate in London, United Kingdom

About this role

Team Overview

The Insurance Solutions team is a global specialist, product agnostic investment strategy and structuring team which focuses on serving insurance clients through the entire BlackRock platform. The team is comprised of investment, insurance, risk and analytics specialists with diverse backgrounds from across asset management, insurance companies, investment banks and consultancy.

The team works with all client and investment teams to originate, design and implement investment and risk management strategies that are appropriate for insurers, using our expertise of insurance investment under regulatory, accounting and enterprise constraints.

Responsibilities

  • Build and maintain strong relationships with internal partners across the global insurance business, distribution channels and relevant investment teams to design and deliver holistic solutions for insurers and generate strong commercial outcomes

  • Support all internal portfolio management and product strategy teams, and all distribution channels across the platform, with insurance investment, regulatory, accounting and liability expertise to help them position or design investment management products and services in a way that is appropriate for insurers

  • Work directly with clients on advisory engagements focused on asset allocation, risk management, ALM and content-driven engagements that lead to the origination of commercial opportunities and deepen existing client relationships

  • Keep abreast of the implications of regulatory and accounting regimes such as Solvency II, Solvency UK and IFRS, on the investment needs of insurers. Provide internal portfolio management, product strategy and distribution teams with insurance focused regulatory and accounting expertise and content

  • Develop a thorough knowledge of BlackRock’s investment platform, technology and other capabilities which are of relevance to insurance clients. Identify gaps in existing provision and drive the development of new services to exploit emerging client needs and leads to commercial opportunities

  • Assist with the production of insurance-focused research and thought leadership publications

Qualifications

Knowledge/Experience:

  • At least 3 - 6 years of industry experience, gained within an insurance company, asset manager, investment bank or consultancy

  • Practical experience in the design and implementation of investment and ALM strategies utilised by insurers when managing assets invested to meet liabilities

  • Strong knowledge of the business models of UK insurance companies and the regulatory and accounting constraints under which they operate

  • Detailed understanding of Solvency II and Solvency UK regulations, IFRS 9 and continental European accounting regimes and their implications for insurance companies’ investment strategies and asset allocation

  • Skills commensurate with holding an investment, risk management, actuarial or other technical role in a life assurance, reinsurance or banking environment would be advantageous

  • Strong interpersonal and communication skills, including the ability to build relationships with internal partner teams

Our benefits

To 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 to support 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

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, race, religion, sex, sexual orientation and other protected characteristics at law.

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