Transition Manager, Associate/VP at BlackRock, Inc in New York, NY

The Transition Management team helps clients restructure their investment portfolios. The business provides project and risk management to clients to reduce costs and minimize risks when undergoing large changes to asset allocations.

The business handles more than 300 transitions a year from offices in London, New York, San Francisco, Tokyo and Hong Kong, with a focus on multi-billion-dollar, multi-asset class restructurings. We offer one of the industry's most comprehensive transition management platforms for a diverse range of clients, including central banks, sovereign wealth funds, corporate and public pension plans, and other institutional investors.

The current team consists of over 50 transition professionals.

We partner with clients by understanding their objectives, guiding them on proposed solutions, providing project management expertise and designing and implementing trading strategies to achieve their goals. The team delivers the best of BlackRock in risk management, trading expertise and technology directly to clients. As the team provides full-service solutions for clients, this presents an outstanding opportunity for prospective candidates to gain exposure to every part of the asset management process while specializing in their areas of specific interest.

Role Description

The Transition Manager position is one of two functions within the team that co-own the end-to-end delivery of a transition assignment. The Transition Manager is accountable for planning and project management, communication with internal and external partners, such as legacy and target managers, co-ordination of the operational requirements, and the overall delivery of the product.

At the core of the Transition Manager position is the client. Transition Management is a high trust product where clients entrust a significant portion of their assets to BlackRock. The Transition Manager is accountable directly to the client and is required to maintain the highest standard of care and responsiveness in delivering the best of BlackRock from appointment through to completion of the assignment.

The successful candidate will join a team of experienced Transition Managers and will help clients reorganize their portfolios efficiently. The responsibilities of the role include:

• Ability to scope, plan, coordinate and execute on the process of transitioning assets (i.e., global equities, global fixed income, currency, derivatives)
• Identifying, understanding and mitigating all forms of risk that can occur during the period of change
• Developing a detailed understanding of exposure, process and operational management
• Designing, implementing, monitoring and executing detailed operating plans
• Leading stakeholders effectively to ensure timely delivery of the project
• Dissecting complex and sophisticated ideas and concepts into relevant and timely information for clients
• Communicating effectively with all relevant parties to execute a successful transition

Required Skills

• 3-7 years’ experience in the financial services industry, directly or supporting a market/investment facing role
• Understanding of capital markets and financial instruments
• Series, 7, 6 & 63
• Excellent interpersonal skills and strong background as a teammate and collaborator
• Proven project management capabilities and ability to drive projects forward
• Ability to multi-task and prioritize tasks in a demanding and fast-paced environment
• Proficiency in Excel and other project planning tools a plus
• High energy, curiosity, and attention to details are crucial for success
• A strong propensity to technology and an eye towards innovation in processes and workflows
• Problem solver with a positive “can-do” demeanor