Associate, Portfolio Manager, Multi-Asset Strategies & Solutions

About this role

Introduction to Multi-Asset Strategies & Solutions

The Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. MASS draws on the full toolkit of BlackRock’s index, factor, and alpha-seeking investment capabilities to deliver precise investment outcomes and cutting-edge alpha insights. MASS constructs active asset allocation strategies and whole portfolio solutions across a wide spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions in the wealth and institutional channels. Currently, MASS manages over $1 trillion in assets and has a strong presence in the United States, Europe, and Asia Pacific region.

MASS is committed to attracting, developing and retaining a diverse and inclusive workforce. We are passionate about creating and promoting an environment where all employees are valued and respected. Consistent with our diverse client base, we recognize the benefit that diversity brings to the success of our business.

Position Overview

BlackRock is seeking a portfolio manager to join the MASS Portfolio Management (MASS PM) team in New York City, where they will be part of a global team responsible for a wide array of portfolio management activities. The portfolio manager will be managing a diverse range of pooled funds, client mandates and model portfolios. Responsibilities will cover portfolio design, construction, and implementation; contributing to investment research and commercial efforts; and driving technology and process enhancements across the PM platform to deliver investment performance, consistency and scale. PMs are expected to contribute to and influence investment decision making, and exercise critical judgement across asset and sector allocation, instrument selection, implementation methods, and trading decisions.

Candidates should possess strong analytical and quantitative skills, as well as a demonstrated ability to work in collaboration with a wide range of partner teams and stakeholders. The successful candidate will possess outstanding attention to detail, excellent interpersonal skills, and have a passion for thinking critically about financial markets both across and within asset classes.

Key Responsibilities

• Safely and efficiently manage client portfolios comprised of physical and synthetic equity, fixed income, FX, ETFs, funds, private markets and commodity exposures

• Perform portfolio management tasks including implementing multiple investment strategies, handling client flows, rebalancing, and monitoring positioning, performance and risk

• Ensure all mandates conform to performance expectations, investment guidelines, risk parameters, and regulatory requirements

• Work with internal partners to design and launch new portfolios and implement changes to existing portfolios

• Develop and implement best practice portfolio management processes that create scale and minimize operational risk

• Interface with operations, risk, data and other platform teams to drive process improvements and contribute to overall systems, investment and trading process enhancements

• Participate in research related to portfolio construction, asset allocation, security selection, and other investment topics relevant to multi-asset investing

Experience / Key Qualifications

• Degree in a quantitative field (Physics, Mathematics, Finance, Economics, Computer Science or similar), and Postgraduate degree, CFA, and/or similar professional qualification preferred

• 2+ years of experience in portfolio management or related role desired, with accompanying knowledge in relevant subject areas such as markets, instruments, portfolio construction, exposure and risk measures, or attribution

• Meticulous attention to detail with an ability to remain focused across a wide range of portfolio types and activities

• Strong working knowledge of a range of instruments and markets such as ETFs, pooled funds, derivatives, FX, rates, equities or credit markets

• Knowledge of portfolio management theory, asset and market pricing models; Understanding of macro- and micro-economic concepts

• Flexible, responsive and self-starting personality. Demonstrated experience working both independently and as part of a team in a highly collaborative, global environment

• Strong process awareness and sense of accountability and ownership in recognizing and addressing risks in the business

• Strong communication and interpersonal skills, including ability to deliver presentations internally/externally and coordinate across a variety of functions around the firm

• Familiarity with Aladdin portfolio management tools (A4, PfC, PfM, PI, ATS, ATC, etc.) is highly valued

• Technical skills such as Python, Tableau, Power BI and SQL

We are looking for people who

• Thrive in a culture of excellence, innovation, accountability and proactive communication, where all members of the team are motivated to go above and beyond, and think globally and creatively

• Constantly seeking better ways to do things and able to challenge the status quo

• Enjoy collaborating and who demonstrate value and respect for input from others

• Can work under tight deadlines and balance competing priorities

• Are flexible and adaptable and thrive in a dynamic and changing environment

• Demonstrate an awareness of the wider ecosystem in which they operate and promote risk awareness, assessment, and control

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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.

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.