Vice President, US Restructuring Transactions Attorney

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

BlackRock’s Legal team works with business teams to develop investment management products and business solutions that comply with the numerous legal and regulatory requirements to which BlackRock is subject and to deploy capital managed on behalf of clients. The legal transactions team sits within the wider BlackRock legal team and is responsible for advising investments teams on all transactions across debt, infrastructure and equity.

L&C Distressed Credit Transactions Group Attorney

We are searching for an experienced distressed credit/restructuring transactional attorney who will provide legal coverage of transactions and investments across the BlackRock investment platform, including specialized financings, liability management transactions, special situations, and in court and out of court restructurings. This role will have key responsibility for supporting activities relating to distressed credit positions and investments across the alternatives and global fixed income platforms, including private and public debt and equity distressed transactions, restructurings, wall crossings, regulatory advice in relation to fund structures and implementation of internal policies etc. The ideal candidate must have the ability to coordinate complex projects and transactions involving different business groups and multiple products.

Primary Responsibilities

• Act as transaction counsel on all US distressed investments, manage transaction execution, review and negotiate full range of investment and restructuring documentation.
• Act as transactions legal representative on various internal meetings (including pipelines, investment and other cross-platform committees).
• Review, draft, and negotiate special situations investment documentation including loan and security documentation (including intercreditor documentation), bond documentation, private placement agreements, asset and stock purchase agreements, exchange documentation, restructuring support agreements, shareholders’ agreements, subscription agreements, non-disclosure agreements, letters of intent, term sheets and other similar transactional documentation.
• Manage outside counsel review of all investment documentation and oversee outside counsel with respect to investments generally.
• Coordinate and work with business teams, fund lawyers, litigation, compliance, tax, risk, financial crime and operations teams regarding various credit and special situations transactions.
• Provide advice and support to internal stakeholders to develop, establish and improve internal processes relating to distressed/special situations investments.
• Basic knowledge and understanding of the banking monopoly regimes across key European jurisdictions.
• Coordinate with compliance teams with respect to information barriers, restricted list reviews, inside information, thresholds, and other regulatory coverage areas.
• Analyze and manage a variety of regulatory issues affecting the BlackRock product platform, including Investment Company Act of 1940, Securities and Exchange Act of 1934, LIBOR/SOFR, etc.
• Take initiative to identify and analyze problems, generate alternative solutions, and make decisions with little direction/supervision.

Requirements

• A J.D. with superior academic credentials from a nationally-recognized law school and five to seven years' experience as a lawyer in a major law firm or the legal department of an asset manager, investment bank or other leading organization.
• Significant experience in restructuring and distressed matters (both in and out of court).
• Strong technical legal and commercial skills.
• Experience advising fund managers and non-bank institutions as lenders or investors is a plus.
• Ability to oversee and effectively manage outside counsel and internal stakeholders.
• Strong organizational skills and ability to work with others and manage multiple time sensitive matters in a demanding, fast-paced and fluid environment.
• Motivated team player with ability to work independently and potential to lead as necessary.
• Ability to take initiative to anticipate, identify and analyze issues, generate potential solutions and make decisions with little direction/supervision.
• Exceptional interpersonal, analytical, written, and oral communication skills - must be able to resolve complex issues in a practical manner on a compressed timeline and to communicate complex concepts in an understandable way.
• Excellent written and verbal communication skills – presents ideas in a clear, concise, and constructive manner.

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 | Twitter: @blackrock | 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.