Associate, Business Management, Multi-Asset Strategies & Solutions

About this role

Being a part of BlackRock means being a part of a community of inquisitive, ambitious people who are taking on some of the world’s most complex financial challenges. And our founder-led culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.

Introduction to Multi-Asset Strategies & Solutions

BlackRock’s 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 index, factor, and alpha-seeking investment capabilities to deliver detailed investment outcomes and innovative alpha insights. Our team of 600+ multi-asset investment professionals construct 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 $2 trillion in assets and has a strong presence in the Americas, EMEA and throughout Asia Pacific.

Position Overview

The Business Management team in MASS coordinates non-investment operations, design and delivery on pivotal initiatives, and ongoing delivery of a robust and scalable operating platform across MASS. MASS is seeking a motivated Associate to join the Business Management team. This position is a Mexico City-based role which requires interaction with many key partners, including Portfolio Management, Product Strategy, Business Operations, Legal & Compliance and Risk & Quantitative Analytics (RQA). The successful candidate will partner with various functions inside & outside MASS to progress initiatives related to ‘1st line of defense’ control reporting & procedures, platform governance, operational risk mitigation and financials management. The role will also focus on using technology and automation to bring more scale & efficiency to business management activities and oversight.

Key Responsibilities

Reporting & Oversight for Business-Owned Controls - Be a key contributor to the business’s governance processes including monitoring and creating oversight reporting on relevant portfolio management and trading activities. Improve the wider operational environment through identification of process gaps and improvements, paired with related solutions.

• Operating Risk: Help identify business risks and lead operational improvements; Assist with operating event logging and remediation and the annual Risk & Control Self-Assessment (RCSA) refresh

• Legal & Compliance: Run select regional regulatory requirements such as SMCR, MiFID, etc. framework reporting; Respond to inquiries for non-public deal opportunities and review impact to MASS’s information barrier; Collaborate in-team on Red Oak marketing compliance & monitoring

• Trading Activity Oversight: Work with Trading & GIO on partner concerns related to derivatives lifecycle management, new instrument governance, aging compliance violations in Dashboard

• Data & Permissions: Manage Aladdin (BlackRock’s risk & portfolio management platform) permissions structures membership & re-certification: Design and implement solutions for unique permission challenges

• Model Risk Management: Work with Model Risk Managers and RQA to enforce the firmwide Model Risk framework

• Internal Audits: Assist with internal audits as liaison between Internal Audit and MASS, including remediation of reported issues

• Software Risk: Assist on-desk citizen developers to navigate the Software Risk Policy & Standard

• Governance Oversight & Related Materials: Partner in team to track business-owned Committees, related Terms of References/Charters and Committee membership across MASS, efforts related to training on emerging regulations, keeping MASS Exec wiki relevant and updated

Business Management - Provide project management and business management support to the wider MASS platform

• Financial Resources: Support the management of MASS’s budget and headcount

• Platform Presentations & Meeting Materials: Support MASS Operating Committee quarterly materials generation and other ad-hoc senior management presentations

• Business Continuity Management (BCM): Own and navigate challenges related to business continuity planning

• Policies & Procedures Ambassador: Maintain global desk procedures by partnering with MASS teams; Promote and provide vital training on firm, business and regulatory policies and procedures

• Aladdin Portfolio Team Data – Support accurate portfolio team assignments in Aladdin

Skills and Qualifications

• Degree or equivalent experience in Finance or a related field, plus experience (2+ years) in financial services, with introductory knowledge of portfolio management

• Proven process awareness with ability to recognize and address operational risk issues

• Strong technical skills including passion for improving daily processes through the use of programming and emerging technologies, like Microsoft365. Experience coding in Python is preferred.

• Effective communicator possessing excellent verbal, written and presentation skills

• Advanced abilities in Microsoft Excel, PowerPoint and other visualization or presentation tools, paired with data analysis skills

• Self-starter personality with excellent attention to detail

• Solid track record of interpersonal and problem-solving skills, working both independently and collaboratively in a fast paced, global environment

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.

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 children’s 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. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.