About this role
Company: BlackRock Financial Management, Inc.
Job Title: Associate
Location: 50 Hudson Yards, New York, NY 10001
Job Duties: Safely and efficiently manage client portfolios comprised of physical and synthetic equity, fixed income, FX, ETFs, funds, private markets and commodity exposures. Perform portfolio management tasks including implementing multiple investment strategies, handling client flows, rebalancing, and monitoring positioning, performance and risk. Improve PM processes to increase efficiency and build scale using technology. Ensure all mandates conform to performance expectations, investment guidelines, risk parameters, and regulatory requirements. Work with internal partners to design and launch new portfolios and implement changes to existing portfolios. Develop and implement best practice portfolio management processes that create scale and minimize operational risk. Interface with operations, risk, data and other platform teams to drive process improvements and contribute to overall systems, investment and trading process enhancements. Participate in research related to portfolio construction, asset allocation, security selection and other investment topics relevant to multi-asset investing.
Qualifications: Bachelor’s degree in Applied Mathematics and Statistics, Finance, Computer Science or a related field and two (2) years of experience in the job offered or as an Analyst or a related role. Must have two (2) years of experience with: Knowledge of investment instruments and markets including Derivatives, ETFs, pooled funds, FX, rates, Equities, and credit markets; Knowledge of portfolio management theory, optimization, and mathematical models for pricing; Macro and micro-economic concepts – Following growth, inflation, policy of the major economies of the world and understand the interplay between them; Programming languages including Python, C and SQL; Software development and data analysis tools including UNIX, Tableau, Power BI and Git; Knowledge of object-oriented programming, data structures, and software engineering practices to develop scalable code for the portfolio management platform; Knowledge of the Aladdin system – the central system where many financial companies conduct their operations; Ability to be curious, be organized, keep track of several tasks at once, be good with working with several stakeholders; and Knowledge of quantitative economics to build systematic models.
To apply, please click “Apply” on this webpage.
For New York, NY Only the salary range for this position is USD$144,500.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 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, we’ve provided on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
