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Multi Asset Solutions, Portfolio Management, Associate

Locations: New York, New York

Overview of Investment Professional roles

Our investment professionals thrive in a culture that pushes them to question the status quo, overdeliver for clients, and work together to shape the future of the industry. At BlackRock, you’ll forge meaningful relationships within your team and across the firm – expanding your network as you tackle complex challenges with a collaborative approach, integrated research and risk management. In an environment that feels welcoming and inclusive, you’ll discover opportunities to hone your skills, develop new expertise, gain mentorship, and build the investment career you envision.

Job description

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

The 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 handles over $1 trillion in assets and has a strong presence in San Francisco, New York, London, Asia Pacific region, and a growing team in Budapest.

MASS is committed to attracting, developing and retaining a diverse and inclusive workforce. We are passionate about creating and promoting an environment where all employees are valued and respected. Consistent with our diverse client base, we recognize the benefit that diversity brings to the success of our business.

Role Overview

The MASS portfolio management team is seeking a motivated individual with financial knowledge and a proven technical background to drive development of our Python-based investment platform. At the intersection of technology and asset management, the systems and platform you build will drive investment results across thousands of clients in our Model Portfolios business, one of the most significant evolutions in the Wealth Management industry over the last decade and a growth driver within MASS and BlackRock.

The position will be a hybrid role between technology and portfolio management

Technical Responsibilities:

  • Research and build generative AI systems to build scalein portfolio management

  • Work with BlackRock’s wider tech platform and Aladdin engineering teams to integrate new developments and data via APIs and SQL queries

  • Interface with portfolio managers to translate investment workflows into scalable technology solutions to mitigate risk and improve efficiency

  • Maintain and evolve existing applications including deployment, documentation, testing, and coding standards

Portfolio Management Responsibilities :

  • Work with client-facing managers to configure client portfolios for best outcomes

  • Leverage riskand compliance tooling to implement an investment thesis

  • Collaborate with full-time portfolio managers to build effective workflows for managing portfolios at scale

KeyQualifications :

  • Desire to drive innovativeinvesting solutions and to challenge the status quo

  • Strong design patterns knowledge and implementation experience using one or more objected-oriented languages (e.g. Python, Java, C/C++)

  • Familiarity with git

  • Knowledge of relational databases

  • BS in computer science or similar

DesirableQualifications :

  • Understanding of financial market and portfolio management concepts

  • Experience with Python packages/frameworks (PandasNumpy)

  • Experience building financial applications

  • Experience with using generative AI through APIs

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 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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

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.
Job Requisition #
R264738
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BlackRock Principles

We look to hire people that will embody our BlackRock Principles:

  • We are a fiduciary to our clients.

    This is the bedrock of our identity; it reflects our integrity and the unbiased advice we give our clients.

  • We are One BlackRock.

    We work collaboratively to create the best outcomes for our clients, our firm and the communities where we operate.

  • We are passionate about performance.

    We are relentless in innovating and finding better ways to serve our clients and improve our firm.

  • We take emotional ownership.

    We have a deep sense of responsibility to our clients and to each other.

  • We are committed to a better future.

    We are long-term thinkers, focused on helping people build a better tomorrow.

Orange and yellow blocks

Career path

Our people drive our business forward every day. That's why we're committed to helping you build an extraordinary career at the firm. In addition to supporting your vertical growth along corporate titles, we’ll help you expand your horizons across the firm – with opportunities to collaborate with unexpected colleagues, take on unique assignments outside of your regular business, and even move internally within BlackRock.

  • Analyst
  • Associate
  • Vice President
  • Director
  • Managing Director
  • Senior Managing Director

Benefits

We care about your overall well-being and design our benefits package to support you in various aspects of your life.

  • Financial well-being

    We offer resources designed to help you build a sound financial future for you and your family, like retirement savings plans and tuition reimbursement.

  • Pay for performance

    Our pay-for-performance philosophy includes a base salary and a discretionary annual bonus.

  • Physical well-being

    Our healthcare plans and resources help you focus on your physical health, so you and your family can feel your best.

  • Emotional well-being

    We support our people's mental health and emotional well-being by providing access to an Employee Assistance Program and a network of Mental Health Ambassadors.

  • Life management

    You'll be able to focus on moments that are important to you with benefits designed to support life in and outside of work with Flexible Time Off, parental leave and more.

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