Associate, Custom Models Solution Business (CMS) Client Portfolio Manager, Multi-Asset Strategies & Solutions (MASS)

About this role

This role will be a key member of the BlackRock Multi-Asset Strategies & Solutions – Custom Models Solutions team. The team works alongside Portfolio Managers and focuses on commercializing model portfolios for Financial Advisors and their clients.

The widespread adoption of Model Portfolios is one of the most significant evolutions in the Wealth Management industry over the last decade!  As the industry drives towards greater simplicity, clarity, cost efficiency, and goals-based financial planning, the Custom Models Solution Business (CMS) is uniquely positioned to support advisors and accelerate the adoption of model portfolios. Through CMS, advisors can tap into BlackRock’s industry leading model portfolio investment framework to build a differentiated suite of custom model portfolios tailored to the needs of their business.

This role is an opportunity to join a high growth, multi-billion-dollar business and a dynamic team in a fast-evolving market.  It will require a strong combination of leadership, investment, and client interpersonal skills.

As a CMS Client PM, you will be encouraged to:

Support clients and sales

• In close partnership with USWA Market Teams, deliver the CMS value proposition to clients – position resources, capabilities, and services to increase demand.

• Support existing client relationships and participate in driving new client engagements by delivering BlackRock’s best thinking on an ongoing basis via conference call updates and in-person meetings as needed.

• Integrate CMS clients with the BlackRock technology stack to deliver client reporting and marketing support.

• Build strong relationships with sales, distribution partners and advisory clients to deliver commercial results aligned with business objectives.

Construct model portfolios:

• Design custom model portfolios for specific wealth management clients that marry the client’s customization requests with BlackRock’s investment view, as defined by the Model Portfolio Solutions team.

• Build custom portfolios using our standard model product menu as the chasse.

• Define and maintain portfolio substitution and optimization rules using Blackrock’s portfolio construction tools.

• Work closely with model portfolio managements teams, bringing to bear their systematic investment and market insights

Manage projects to drive growth and scale the business:

• Support critical initiatives to scale the CMS business and its integration across MASS and other parts of the firm, including but not limited to client-facing market leaders, Models Infrastructure, MASS Core PM, and Aladdin Wealth Tech.

• Think creatively about ways to improve the CMS operating model and deliver on automation and scale-oriented projects to support the business’s growth objectives and risk mitigation.

• Support all aspects of the day-to-day operating procedures in partnership with Core PM and Models Infrastructure to support business needs.

• Represent the investment strategy team in projects with partners in sales, marketing, communications, product strategy and other teams

Qualifications/Skills

• BA/BS required. Advanced Degree / CFA / CAIA / CFP, or progress towards, is strongly preferred

• A minimum of 2-4 years investment or asset management experience

• Prefer relevant client facing and/or portfolio construction experience

• Combination of investment, analytical, technical and client skills

• Student of the market with fluid understanding of financial markets, portfolio construction and analysis

• Entrepreneurial with a sense of ownership and business building spirit

• Strong organizational skills with attention to detail and process

• Collegial attitude and eagerness to partner with numerous teams across MASS and the broader firm

For San Francisco, CA Only the salary range for this position is USD$105,000.00 - USD$137,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.