About this role
Company: BlackRock Institutional Trust Company, N.A.
Job Title: Associate, Portfolio Management - Transition
Location: 400 Howard St San Francisco, CA 94105
Job Duties: Create, implement and execute multi-asset class portfolio restructurings for institutional investors. Support portfolio construction and positioning during live transition assignments. Develop optimal trading and hedging strategies, with detailed execution plans. Support live transition assignments by instructing market orders to BlackRock's Global Trading team for execution. Partner with traders to oversee execution and exposure management. This includes equities, fixed income, currency and futures/forwards. Research and develop cross-asset investment strategies across all major asset classes including fixed income, foreign exchange, equities, FX and derivatives to meet the needs of global institutional investors. Work with clients to understand their portfolio transition needs and identify the key drivers of risk. Prepare and present pre-trade analysis reports that clearly explain the proposed strategy, including expected transaction costs and risk. Engage with clients throughout the course of a transition to communicate market conditions, transition progress, and portfolio performance. Stay current on emerging trading mechanisms, risk tools, and liquidity sources to continuously evolve transition strategies. Contribute to the development of sophisticated execution plans and performance attribution frameworks.
Qualifications: Bachelor’s degree or foreign equivalent in Industrial Engineering, Financial Engineering, Finance, or related field and 24 months of experience in job offered or closely related role. Position requires two years of experience in the following: SQL, Excel, Python, VBA and Bloomberg Terminal; Multi- asset allocation strategies; Portfolio Risk Analytics; Quantitative Modeling; Capital Markets; Financial Instruments; Analyzing investment strategies over equity, fixed income, and emerging market equities; Investment performance attribution and the ability to identify key drivers of costs and performance; Fixed income and alternative asset classes, including US, global developed and emerging market equities, FX, US Treasuries, MBS, Credit, CMBS, ABS, CLO, CMO and high yield; Written and Oral communication skills to convey complex concepts into client friendly terms; Asset allocation methodologies across equity and fixed income and strategic allocation shift strategies; Equities, fixed income, currency, and futures and forwards; and Research and development of cross asset investment strategies.
To apply, please click “Apply” on this webpage.
For San Francisco, CA Only the salary range for this position is USD$131,500.00 - 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.
