Associate SMA Solutions Portfolio Manager Alternative Investments

About this role

Team Overview

BlackRock SMA Solutions helps clients customize portfolios for unique tax, values-alignment, or investment exposures across direct indexing, fixed income, active equity, and multi-asset. We deliver world-class service to all of our clients, from wealth advisors to family offices to endowments and foundations.

About this Role

Core PM SMA sits within BlackRock’s SMA Solutions Business and plays a central role in that purpose. We partner with investment teams within BlackRock and are responsible for Managed Account implementation across equities, fixed income and alternative investments. We are seeking a highly motivated individual for a new role on a growing Active SMA team in the Princeton, NJ office! On a day-to-day basis, you will actively deliver unique multi-alternative investment solutions to ensure accurate model implementation and minimize performance dispersion for a rapidly growing client population.

BlackRock’s SMA Solutions business is establishing a new team dedicated to the execution of SMA Alternatives Portfolio Management. The team will oversee the day-to-day portfolio management of alternative investment portfolios and owning the Day 1 investment processes. The team will also partner with internal & external stakeholders to develop and execute strategic initiatives to scale portfolio implementation with future improvements across areas related to high-impact technology builds.

Responsibilities:

·      Hone an expert-level knowledge of the team’s trade modeling and order creation systems.

·      Trade client accounts – invest/divest assets as appropriate, rebalance accounts, etc.

·      Research and resolve individual account discrepancies to ensure a consistent client experience and minimize investment and operational risk.

·      Manage incoming FA inquiries and provide a professional investment experience and resolve account-related issues accurately and efficiently.

·      Build strong relationships across the organization by listening closely to our internal partners.

·      Collaborate with the investment committee to define a robust and scalable portfolio implementation process.

·      Acquire a deep functional understanding of Portfolio Management tools & processes while understanding the lifecycle for alternative investments.

·      Identify, design & drive scale and automation opportunities as product expands in the market. Aid in production of various internal reports relating to trading and servicing metrics.

·      Work closely with Alternatives team, operations, custodians, Advisors and key internal partners to ensure the effective portfolio management of alternatives accounts.

·      Ensure continuous process optimization and improvements are in place for a best controlled, risk-handling and effective portfolio management team. Must be able set guidance, solve problems, and navigate trade-offs.

·      Maintain awareness of industry changes in alternative investments and such impact on SMA Solutions, Blackrock and our clients. Provide strategic support for industry-wide changes that involve proper trade allocations and settlements.

·      Possess a solutions-oriented mindset and challenge the status quo.

·      Assist the Team with handling significant new account growth.

Requirements:

·      BA/BS is required.

·      Minimum 2 years of portfolio management or related experience such as quant, portfolio implementation, Fintech, trading, coding, buy-side experience and risk management.

·      Experience with SMA and Private Investments.

·      Experience with relational databases and data visualization, including the ability to leverage Power BI to create insightful monitor dashboards and detailed analysis. 

·      Technical, problem solving, and analytical skills are essential. Strong preference for Python and SQL experience. 

·      Ability to learn and navigate BlackRock’s Aladdin ecosystem.

·      Proactive communication style, with a service philosophy and risk mitigation mentality.

·      Strong process awareness and ability to identify and address operational risk issues.

·      Prioritize responsibilities and manage multiple tasks in a fast-paced environment, while demonstrating meticulous attention to detail.

·      Demonstrated record of flexibility, responsiveness, and self-starting personality with a proven track record to innovate.

·      Series 7 and 66 highly desired, must be attained within six months of hire if not already licensed.

For Princeton, NJ Only the salary range for this position is USD$105,000.00 - USD$140,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 and Affirmative Action 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.