About this roleIntroduction to Multi-Asset Strategies & SolutionsThe 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 cutting-edge 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 manages over $1 trillion in assets and has a strong presence in the United States, Europe, and Asia Pacific region.
Introduction to Hedge Fund Solutions & BlackRock Manager ResearchHedge Fund Solutions ("HFS") and BlackRock Manager Research ("BMR") work together to deliver BlackRock's hedge fund solutions platform. With over $39 billion under management, HFS provides hedge fund solutions to a broad array of institutional clients through commingled and custom fund structures. HFS client portfolios primarily allocate to third-party hedge funds that have been sourced and approved via BMR manager underwriting & diligence processes.
Position OverviewBlackRock is seeking a candidate to join the HFS Core Portfolio Management ("HFS Core PM") team in New York City, where they will be part of a global team responsible for a wide array of portfolio management activities. The HFS Core PM team is responsible for implementing investment decisions across HFS client portfolios, the HFS governance model, and works to enhance the HFS platform's partnership with Aladdin and other partner teams.
Desired qualities include proficient analytical and quantitative skills, plus a demonstrated capacity to work with various internal & external teams. The successful candidate will possess outstanding attention to detail, excellent interpersonal skills, and have a passion for thinking critically.
Key Responsibilities- Partner with HFS Portfolio Managers on investment implementation & execution including investment guideline compliance monitoring, cash & liquidity management, and interfund transfers
- Anticipate and resolve operational issues (e.g., trade execution, settlement, portfolio compliance, hedging, etc.) arising during the investment evaluation process
- Build and uphold relationships with key BlackRock partner teams (e.g., legal, tax, trading operations, compliance, pricing & valuation, cash reconciliations, derivative operations, fund administration, technology teams and others);
- Assist with project management related to the structural and operational components of product launches and ongoing product management
- Assist with establishing trading & financing infrastructure for new and existing products through coordination with financing counterparties, internal teams, and external hedge fund managers
- Acquire knowledge of the full scope of various investment management functions, especially the needs & impacts for team members involved in both upstream and downstream activities
Experience / Key Qualifications- Outstanding academic credentials; preferably a degree in a quantitative field (Finance, Economics, Mathematics, Accounting, or similar)
- Experience in portfolio management or related role desired, with accompanying knowledge in relevant subject areas such as markets, trading, or similar
- Strong working knowledge of a range of instruments and markets such as private and/or public funds, derivatives, FX, cash instruments, equities or credit markets
- Familiarity with Aladdin portfolio management tools is highly valued
- Flexible, responsive and self-starting personality. Demonstrated experience working both independently and as part of a team in a highly collaborative, global environment
- Strong process awareness and sense of accountability and ownership in recognizing and addressing risks
- Strong communication and interpersonal skills, including ability to coordinate across a variety of functions around the firm
- Outstanding project management and organizational skills
We are looking for people who - Thrive in a culture of excellence, innovation, accountability and proactive communication, where all members of the team are motivated to go above and beyond, and think globally and creatively
- Seek out better ways to do things and can challenge the status quo
- Can work under tight deadlines and balance competing priorities
For New York, NY Only the salary range for this position is USD$116,000.00 - 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 benefitsTo 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 modelBlackRock'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 candidatesAt 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
guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
