What are the responsibilities and job description for the Associate, Portfolio Manager position at BlackRock?
About This Role
Team Overview
BlackRock SMA Solutions helps clients customize portfolios for unique tax, values-alignment, or investment exposures across direct indexing, fixed income, active equity, and multi-asset. We deliver world-class service to all of our clients, from wealth advisors to family offices to endowments and foundations.
About The Role
BlackRock’s SMA Solutions business is seeking a Separately Managed Account (SMA) Portfolio Manager to work within the dynamic and fast-paced environment of our Core PM SMA Platform & Portfolio Support Team in the Princeton office. As a Portfolio Manager, you will build relationships internally with teammates, Trading Desks, Operations, and the Sales organization as well as externally with clients and Financial Advisors by helping to leverage an evolving operating model at the center of an established and rapidly growing business. On a day-to-day basis, you will be responsible for centralized portfolio and client service support functions across multiple platforms and sponsors, while ensuring accurate model implementation and minimization of performance dispersion across the client population. In addition to having a passion for markets and investing, the successful candidate we are seeking will possess a strong process and operational orientation. Proficiency with technology to help develop and drive process efficiencies and automation of manual tasks, while providing fresh perspectives on ways to increase scale and accommodate future growth is also highly desired.
Responsibilities
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 Disability.Assistance@blackrock.com. 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.
Team Overview
BlackRock SMA Solutions helps clients customize portfolios for unique tax, values-alignment, or investment exposures across direct indexing, fixed income, active equity, and multi-asset. We deliver world-class service to all of our clients, from wealth advisors to family offices to endowments and foundations.
About The Role
BlackRock’s SMA Solutions business is seeking a Separately Managed Account (SMA) Portfolio Manager to work within the dynamic and fast-paced environment of our Core PM SMA Platform & Portfolio Support Team in the Princeton office. As a Portfolio Manager, you will build relationships internally with teammates, Trading Desks, Operations, and the Sales organization as well as externally with clients and Financial Advisors by helping to leverage an evolving operating model at the center of an established and rapidly growing business. On a day-to-day basis, you will be responsible for centralized portfolio and client service support functions across multiple platforms and sponsors, while ensuring accurate model implementation and minimization of performance dispersion across the client population. In addition to having a passion for markets and investing, the successful candidate we are seeking will possess a strong process and operational orientation. Proficiency with technology to help develop and drive process efficiencies and automation of manual tasks, while providing fresh perspectives on ways to increase scale and accommodate future growth is also highly desired.
Responsibilities
- Develop essential knowledge of the Team’s trade modeling and order creation systems.
- Obtain a robust understanding of internal workflows and the full lifecycle of equity, fixed income, and mutual fund trades across all SMA distribution channels.
- Research and resolve individual account discrepancies to ensure a consistent client experience and minimize investment and operational risk.
- Handle internal and external client inquiries, provide professional investment experience and resolve issues accurately and efficiently.
- Provide thoughtful ideas and contribute to the streamlining of processes through technology enhancements and automation.
- Assist with timely resolution of any operating events (trade errors) and coordinate with internal and external partners to minimize market and business risk.
- Partner with client relationship managers to provide white glove service and assist with delivering highly customized investment solutions.
- Produce various client and prospect materials relating to transition and investment management on a timely and accurate basis.
- Provide basic financial market information via Refinitiv, Bloomberg, Aladdin, etc.
- Possess a solutions-oriented mindset, with ability to think critically and challenge the status quo
- Develop a broad understanding of BlackRock’s SMA Solutions product offerings.
- BA/BS is required.
- Minimum 2-4 years of experience with trading, implementation, or operations of retail separately managed accounts (SMA’s) is highly preferred. Deep understanding of SMA processes across various asset classes and UMA, single contract, and dual contract platform structures.
- Technology skills such as Python, SQL, Excel and Power BI are desired.
- Technical, problem solving, and analytical skills are essential. Successful candidates will be highly organized and detailed oriented with proven ability to multi-task and adapt in a fast-paced environment while prioritizing competing responsibilities
- Demonstrated experience working both independently and as part of a team in a highly collaborative environment.
- Ability to recognize and escalate potential issues to help mitigate operational and reputational risk.
- Strong process awareness and proven ability to follow established procedures while also demonstrating adaptability and flexibility.
- Highly effective verbal and written communication skills.
- Series 7 and Series 66 preferred; or required to obtain soon after hire
- Developing a broad understanding of BlackRock’s SMA product offerings.
- Understanding of the portfolio trading and rebalancing lifecycle.
- As a student of the markets, you will have the opportunity to learn how investment and portfolio construction decisions are made and the impact that those decisions have in client portfolios.
- You will gain exposure to a broad array of functional and project-oriented tasks while working with an engaging, passionate, diverse, and intellectually curious team.
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 Disability.Assistance@blackrock.com. 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.
Salary : $105,000 - $140,000