About this role
About Us
BlackRock is a world-class provider of global investment management risk management and advisory services to institutional intermediary and individual investors. BlackRock offers a range of solutions from meticulous fundamental and quantitative active management approaches aimed at increasing outperformance to highly efficient indexing strategies designed to gain broad exposure to the worlds 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.
BlackRocks Transition Management team helps institutional clients restructure their investment portfolios acting as a bridge between their existing and desired allocations.
A transition can be anything from a manager change to a full-scale plan merger. We deliver a modern approach to project management portfolio risk management and trade execution to help clients reduce costs and minimize risk during periods of significant portfolio turnover. We deliver the best of BlackRocks expertise in risk management trading and technology directly to clients.
Our team runs more than 200 transitions a year from offices in London New York San Francisco Tokyo and Hong Kong with a focus on large multi-asset portfolio restructures. We have over 50 transition professionals globally and offer one of the industrys most comprehensive transition management platforms. Our clients include central banks sovereign wealth funds public pension plans corporate retirement plans and other institutional investors.
Role and Responsibilities
We are looking for a portfolio manager to join our US transition management team. The Transition Portfolio Manager is one of two functions that co-own successful implementation of a client transition. Specifically they are responsible for the investment risk inherent in each transition. From crafting the trade strategy directly managing each portfolios exposures and positions and serving as the clients go-to resource for understanding current market liquidity conditions active portfolio exposures and how these factors tie into the transition outcome.
You will partner closely with BlackRocks equity fixed income and FX traders across all regions and develop expertise in these markets. We provide full service for clients from account set up to trade execution and performance attribution. As such this is an outstanding opportunity to gain exposure to every stage of the asset management business. Specifically you will:
Manage portfolio construction and positioning during live transition assignments. Preparing orders and sending them to our Global Trading team partnering with them to oversee execution and exposure management. This includes equities fixed income currency and futures/forwards.
Develop efficient trading and hedging strategies with detailed execution plans.
Prepare and present pre-trade analysis reports that clearly explain the proposed strategy and detail the expected transaction costs and risk.
Engage with clients throughout the course of a transition to communicate market conditions transition progress and portfolio performance.
Stay abreast of and research the applicability of new sophisticated trading mechanisms strategies risk tools and liquidity sources to help evolve our product.
About You
Ideally to be successful in this role you have:
5 years of experience in the Financial Services industry in portfolio management trading transition management or a related function.
A passion for and strong understanding of: capital markets financial instruments portfolio hedging and optimization and multi asset allocation strategies.
Deep knowledge of transaction cost and portfolio risk analytics.
Excellent interpersonal skills and a track record of teamwork and collaboration including a willingness to develop talent within the team with a mentorship approach.
Ability to multi-task prioritize contending demands in a fast-paced environment and are driven.
High energy curiosity problem solving mentality and attention to detail.
A strong propensity for technology and an entrepreneurial eye towards innovation in processes and workflows.
Familiarity with a programming language such as Python or willingness and desire to learn.
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
BlackRocks 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 childrens 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. Its why were 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: 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 theEEOCs Know Your Rights poster and its supplementand thepay 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 . All requests are treated in line with our.
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 persons 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 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.Required Experience:
Exec
BlackRock is one of the world’s preeminent asset management firms and a premier provider of investment management. Find out more information here.