Vice President, Compensation

New York, USA
Aug 12, 2022
Aug 26, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

The Alternatives Compensation Consultant will be responsible for strategic planning, design, and implementation of compensation programs for BlackRock's Alternatives group, which includes private equity, real assets, private credit, and hedge funds businesses.

As a Compensation Consultant at BlackRock, you will work with a team of professionals in a fast-paced and dynamic work environment. The role will support other Total Reward partners to deliver effective solutions and advice to the business on all aspects of BlackRock's compensation programs.

Key Job Responsibilities:
  • Provide analytical support for the design and administration of compensation programs as business needs evolve
  • Perform and oversee complex Compensation analyses for presentation to firm-wide Senior Leaders
  • Independently run and project manage adhoc Compensation projects base on business requirements
  • Support Compensation Partners, recruiting team members, and HR Business Partners by drafting competitive compensation offer proposals and tracking process of approvals for new candidates and existing employees
  • Assist with the annual planning, preparation, and process of allocating the corporate bonus pool and base salary budget at year-end
  • Review compensation practices to determine consistency in recognizing performance and market competitive pay
  • Keep track of and synthesize market trends and continuously assess position against industry; report on compensation trends, outcomes and issues as needed
  • Coordinate annual survey participation, which includes assisting with job matching, data submission, and reviewing results.
  • Become a "super-user" of the Compensation System
  • Assist with ad hoc compensation-related inquiries from Compensation Partners, HR Business Partners, and Business Heads
  • Additional duties may include assisting the team in development and implementation of other firm-wide and business-specific initiatives

Skills and Requirements:
  • Bachelor's degree (or equivalent)
  • Experience in data handling, reporting, and excellent/advanced knowledge of Excel
  • Compensation/Finance experience or related field desired (financial services and/or consulting experience preferred)
  • Strong understanding of alternative assets and carried interest preferred
  • Strong analytical, research, and problem-solving skills
  • Extraordinary communication and presentation skills, with the ability to convey complex concepts simply and clearly to clients or partners
  • Organized and detail oriented with strong time management skills
  • Discretion in taking care of confidential information
  • Experience managing senior leadership/stakeholder a plus
  • Capacity to multi-task, balance multiple priorities and meet deadlines in a dynamic and changing environment
  • Able to work independently and meet tight deadlines combined with high degree of accuracy and attention to detail.
  • Self-starter and thrives in a collaborative environment.
  • The ideal candidate will be able to navigate through ambiguity and remain flexible and adaptable to change in order to provide high impact to the organization.
  • Experience with Human Resources Information Systems (e.g., Workday, Oracle, etc.) a plus

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 pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 | | Instagram: @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.

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.

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