Multi-Asset Portfolio Manager – Multi-Asset Strategies & Solutions (MASS), Associate
About the position
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. 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 innovative 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 handles over $1 trillion in assets and has a strong presence in the United States, Europe, and Asia Pacific. 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. Role Overview The MASS portfolio management team is seeking a highly motivated individual with a strong financial and technical background to further enhance our investment process and investment platform for Model Portfolios. With the rapid expansion of the business, this role offers significant opportunities for the right candidate to make an impact on the success of both the team and the broader MASS business. The ideal candidate will possess outstanding attention to detail, excellent interpersonal skills, and have a passion for thinking critically about financial markets across and within asset classes.
Responsibilities
• Manage multi-asset model portfolios comprised of ETFs and mutual funds and/or global single name physical equity portfolios.
• Perform daily fund management tasks, including implementing multiple investment strategies, rebalancing, and attribution.
• Ensure all mandates conform to performance expectations, investment guidelines, risk parameters, and regulatory requirements.
• Utilize technology and analytical tools to improve processes and drive scale.
• Build processes to solve investment challenges and integrate them with existing BlackRock infrastructure (i.e. Aladdin).
• Coordinate with analytics, risk, data and other platform teams to drive improvements in systems, investment and trading processes.
• Explore and apply AI and machine learning techniques, including prompt engineering, to advance scalable analytics and streamline processes.
• Collaborate with other portfolio managers to translate investment workflows into scalable technology solutions to mitigate risk and improve efficiency.
Requirements
• Undergraduate degree in a quantitative field (Physics, Mathematics, Finance, Economics, Computer Science or similar) or equivalent demonstrated professional experience with proven passion for investing.
• 3-5 years of relevant work experience with exposure to portfolio management and has a solid understanding of asset allocation, global markets and use of associated instruments: equities, fixed income, and foreign exchange.
• Demonstrated understanding of portfolio construction and the quantitative concepts of risk and exposure, and their application to portfolio management through optimization, beta and FX hedging, and risk and performance attribution.
• Meticulous attention to detail with an ability to remain focused across a wide range of portfolio types and activities.
• Strong process awareness and ability to address operational risk issues.
• Ability to problem solve: identifying potential issues, seeking help or input from others, working quickly towards a resolution, and proposing and implementing changes to mitigate future issues.
• Strong communication and interpersonal skills, including ability to deliver presentations internally/externally and coordinate across multiple groups around the firm.
• Coding experience with Python and SQL required.
Nice-to-haves
• Experience with other programming languages is a plus.
Benefits
• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)
Apply tot his job
Apply To this Job
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. 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 innovative 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 handles over $1 trillion in assets and has a strong presence in the United States, Europe, and Asia Pacific. 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. Role Overview The MASS portfolio management team is seeking a highly motivated individual with a strong financial and technical background to further enhance our investment process and investment platform for Model Portfolios. With the rapid expansion of the business, this role offers significant opportunities for the right candidate to make an impact on the success of both the team and the broader MASS business. The ideal candidate will possess outstanding attention to detail, excellent interpersonal skills, and have a passion for thinking critically about financial markets across and within asset classes.
Responsibilities
• Manage multi-asset model portfolios comprised of ETFs and mutual funds and/or global single name physical equity portfolios.
• Perform daily fund management tasks, including implementing multiple investment strategies, rebalancing, and attribution.
• Ensure all mandates conform to performance expectations, investment guidelines, risk parameters, and regulatory requirements.
• Utilize technology and analytical tools to improve processes and drive scale.
• Build processes to solve investment challenges and integrate them with existing BlackRock infrastructure (i.e. Aladdin).
• Coordinate with analytics, risk, data and other platform teams to drive improvements in systems, investment and trading processes.
• Explore and apply AI and machine learning techniques, including prompt engineering, to advance scalable analytics and streamline processes.
• Collaborate with other portfolio managers to translate investment workflows into scalable technology solutions to mitigate risk and improve efficiency.
Requirements
• Undergraduate degree in a quantitative field (Physics, Mathematics, Finance, Economics, Computer Science or similar) or equivalent demonstrated professional experience with proven passion for investing.
• 3-5 years of relevant work experience with exposure to portfolio management and has a solid understanding of asset allocation, global markets and use of associated instruments: equities, fixed income, and foreign exchange.
• Demonstrated understanding of portfolio construction and the quantitative concepts of risk and exposure, and their application to portfolio management through optimization, beta and FX hedging, and risk and performance attribution.
• Meticulous attention to detail with an ability to remain focused across a wide range of portfolio types and activities.
• Strong process awareness and ability to address operational risk issues.
• Ability to problem solve: identifying potential issues, seeking help or input from others, working quickly towards a resolution, and proposing and implementing changes to mitigate future issues.
• Strong communication and interpersonal skills, including ability to deliver presentations internally/externally and coordinate across multiple groups around the firm.
• Coding experience with Python and SQL required.
Nice-to-haves
• Experience with other programming languages is a plus.
Benefits
• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)
Apply tot his job
Apply To this Job