Multi Asset Solutions, Portfolio Management, Associate
New York City, NY - USA
Job Summary
About this role
BlackRock is one of the worlds 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. BlackRocks 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 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.
The Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRocks portfolio construction asset allocation and active management ecosystem. MASS draws on the full toolkit of BlackRocks index factor and alpha-seeking investment capabilities to deliver precise investment outcomes andcutting-edgealpha 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 trillionin assets and has a strong presence in San Francisco New York London Asia Pacific region and a growing team in Budapest.
MASS is committed to attractingdevelopingand 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 amotivatedindividual withfinancial knowledge and aproven technical background todrivedevelopment ofourPython-based investment platform. At the intersection of technology and asset management the systems and platform you build will drive investment results across thousands of clients in our Model Portfolios businessone of the most significant evolutions in the Wealth Management industry over the last decadeand a growth driver within MASS and BlackRock.
Thepositionwill be a hybrid rolebetween technology and portfolio management.
TechnicalResponsibilities:
Research and buildgenerative AIsystems tobuild scalein portfolio management
Work with BlackRocks wider tech platform and Aladdin engineering teams to integrate new developments and data via APIs and SQL queries
Interface with portfolio managers to translate investment workflows into scalable technology solutions to mitigate risk and improve efficiency
Maintain and evolve existing applications including deployment documentation testing and coding standards
Portfolio Management Responsibilities:
Work with client-facing managers toconfigureclientportfoliosfor best outcomes
Leverageriskandcompliance toolingtoimplement an investment thesis
Collaborate with full-time portfolio managers to build effective workflows for managing portfolios at scale
KeyQualifications:
Desire to driveinnovativeinvestingsolutionsand tochallenge the status quo
Strong designpatterns knowledge and implementation experience using one or more objected-oriented languages (e.g.Python Java C/C)
Familiarity with git
Knowledge of relational databases
BS in computer science or similar
DesirableQualifications:
Understanding of financial market and portfolio management concepts
Experience with Python packages/frameworks (PandasNumpy)
Experience building financial applications
Experience withusinggenerative AIthrough APIs
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.
Guidance on AI use for candidates
At BlackRock AI has long been part of how we work enhancing decision-making improving operations and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn prepare and work more effectively; but during our interview process we want to focus on getting to know you through your own experiences thinking and judgment. To support you weve provided guidanceon when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
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.
To learn more about BlackRock please visit . We also encourage you to get to know us on LinkedIn Instagram YouTube X and TikTok.
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 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.
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.Required Experience:
IC
About Company
BlackRock is one of the world’s preeminent asset management firms and a premier provider of investment management. Find out more information here.