Junior Portfolio Manager/Quantitative Developer

R232148

Description

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’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. 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.

Being a part of BlackRock means being a part of a community of experienced, ambitious people who are taking on some of the world’s most complex financial challenges. And our founder-led culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.

BlackRock’s Multi-Asset Strategies & Solutions (MASS) business 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 index, factor, and alpha-seeking investment capabilities to deliver precise investment outcomes and innovative alpha insights. Our team of 300+ multi-asset investment professionals 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 San Francisco, New York, London and throughout Asia Pacific.

Team Overview

The Core PM team is responsible for a wide array of portfolio management responsibilities across MASS. The team is organized globally with strong regional alignment to reflect different investing centers of expertise. The team’s primary responsibility involves partnering with various teams in designing, managing, and analyzing global, multi-asset portfolios to deliver performance to institutional and individual retail investors. The team works with CIOs and researchers on portfolio construction and new business design, contributes to investment research, handles all aspects of implementation, and drives enhancements across the PM operating platform.

Position Overview And Responsibilities

As a Portfolio Manager in MASS, you will be working with the Global Core PM team to manage portfolios across a range of clients and product types. Your responsibilities will include:

• Perform tasks including implementing multiple investment strategies, handling client flows, rebalancing, and risk/ performance decomposition
• Manage portfolios comprised of physical and synthetic fixed income, equity, FX, funds, private markets and commodity exposures
• Work with analytics, risk, data, and other platform teams to drive operational improvements and contribute to overall systems/investment and trading process design
• Apply technology and analytical tools to improve processes and build scale
• Participate in research related to portfolio construction, asset allocation, security selection, and other investment topics
• Ensure all mandates conform to performance expectations, investment guidelines, risk parameters, and regulatory requirements

We Are Looking For Individuals Who Are

Fiduciary: You consistently put clients first and maintain integrity in every aspect of performance

Curious: You like to learn new things and are happy to challenge the status quo

Intellectual: You want to outsmart the problem

Accountable: You feel personal ownership and passion for the work you do and an aspiration to be better

Finishers: You drive things to completion

Exacting: “Good enough” is simply not good enough

Open: You value and respect input from others

Qualifications

• Understanding of quantitative investment research and optimization techniques preferred
• Meticulous attention to detail with an ability to remain focused across a wide range of portfolio types and activities
• Technical skills such as Python and Tableau, and experience working with Aladdin would be valuable.
• Flexible, responsive, and self-starting personality. Demonstrated experience working both independently and as part of a team in a highly collaborative, global environment
• Experience in managing and rebalancing portfolios and hedging preferred
• Knowledge or experience across markets and instruments such as ETFs and other fund vehicles, derivatives, FX, rates, equities or credit markets (options, IRS, CDS, etc. a plus)
• Degree in a Finance or related field such as Economics or Business Management, or equivalent demonstrated professional experience
• Strong process awareness and sense of accountability and ownership in recognizing and addressing risks in the business
• Prior years of experience in portfolio management or related role desired (e.g. risk management, analytics, trading), with accompanying knowledge in relevant subject areas such as markets, instruments, portfolio construction, exposure and risk measures, or attribution

For New York City only: The salary range for this position is $118,750 - $140,000. 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 3 days in the office each week, with the flexibility to work from home up to 2 days a week; some business groups may require more time in the office due to their roles and responsibilities. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. 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.

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.