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BlackRock Global Markets (BGM) - Associate, Portfolio Management

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BlackRock

Nov 13

Applications are closed

  • Job
    Full-time
    Junior, Mid & Senior Level
  • Data
    Banking & Finance
  • San Francisco

Requirements

  • Education: Minimum BSc in a highly quantitative subject such as Mathematics, Physics, Engineering, or a related field. MSc in Financial Engineering, Financial Mathematics, or a related field preferred.
  • Industry Experience: Approximately 1-6 years of relevant experience and a strong desire to learn required. Experience of working as Portfolio Manager, either directly or alongside, is a plus.
  • Markets: Understanding of fixed income markets in general and cash rates and derivatives in particular, and the ability to apply insights to portfolio management.
  • Programming Proficiency: Advanced knowledge of Python and pandas applied to financial modeling and ability to write scalable production level code. Experience with using APIs, quantlib, git, and unit testing is a plus.
  • Quantitative skills: Strong bond math, probability theory, and applied portfolio theory required. Yield curve construction and portfolio optimization skills is a plus.
  • Database Proficiency: Skilled at writing efficient SQL queries to interact with databases.
  • Excel: Skilled at creating efficient and user-friendly excel worksheets. VBA skills is plus.
  • Bloomberg Terminal: Bloomberg proficiency including extracting data both programmatically and through excel is a plus.
  • Aladdin: Experience with Aladdin tools and datasets is a plus.

Responsibilities

  • Work with senior PMs to manage over $400bn of AUM in rates funds across multiple benchmarks and constraints in a dynamic markets environment.
  • Support the construction and management of rates portfolios with daily flows including order raising, compliance resolution, cash management, derivatives life cycle management, and risk hedging.
  • Enhance and streamline portfolio management processes across the fixed income platform by employing advanced programming skills to design and implement scalable solutions and algorithms for automating key portfolio construction processes and analyzing complex data sets.
  • Utilize Aladdin, vendor technology, and other analytical tools to enhance and scale processes.
  • Monitor both market and operational risk at scale and ensure adherence to regulatory compliance.
  • Produce daily, periodic, and ad hoc analysis and reporting required by the PM team.
  • Contribute to and take ownership of continuous process improvement, strategic projects, and ad hoc analysis related to our platform.
  • Systematically identify and assess relative value across the rates universe, implement investment recommendations, and maintain risk oversight processes.

FAQs

What is the primary responsibility of the Associate in Portfolio Management at BlackRock?

The primary responsibility is to manage BlackRock’s Index Fixed Income portfolios, including Rates ETFs, mutual funds, and separately managed accounts, while driving investment decision-making and maintaining a risk-controlled environment.

What qualifications are required for the Associate position?

A minimum BSc in a highly quantitative subject is required, with a preferred MSc in Financial Engineering, Financial Mathematics, or a related field. Approximately 1-6 years of relevant experience is also needed.

What programming languages are essential for this role?

Advanced knowledge of Python and pandas is essential, along with experience in writing scalable production-level code. Proficiency in SQL and Excel is also required.

What types of clients does BlackRock serve in the Index Fixed Income business?

BlackRock serves a diverse range of clients, including corporate and public pension plans, central banks, sovereign wealth funds, and retail investors.

What is the salary range for this position in California?

The salary range for this position in California is $115,000 - $147,500, in addition to an annual discretionary bonus and benefits.

How does BlackRock’s hybrid work model operate?

Employees are required to work in the office at least 4 days per week, with the flexibility to work from home 1 day a week, in order to promote collaboration and learning.

What key skills are important for success in this role?

Important skills include a positive attitude, detail-oriented work, stress resilience, multitasking ability, strong market and quantitative skills, excellent communication, and the ability to collaborate effectively as a team player.

What technologies will I be using in this position?

You will utilize Aladdin, vendor technology, and other analytical tools to enhance portfolio management processes and analyze complex data sets.

Will there be opportunities for growth and development in this role?

Yes, BlackRock is dedicated to creating an environment with development opportunities to help employees thrive and advance in their careers.

Is experience as a Portfolio Manager mandatory for this position?

Experience working as a Portfolio Manager is a plus but not mandatory; a strong desire to learn is required.

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BlackRock

Global investment manager. Technology provider. Helping more and more people experience financial well-being.

Finance
Industry
10,001+
Employees
1988
Founded Year

Mission & Purpose

BlackRock is a global asset manager and technology provider. Our purpose is to help more and more people experience financial well-being. We help millions of people invest to build savings that serve them throughout their lives. We make investing easier and more affordable. We advance sustainable investing because our conviction is it delivers better outcomes for investors. We contribute to a more resilient economy that benefits more people. Together with our clients, we’re contributing to a more equitable and resilient world – today and for generations to come. That’s why, we’re asking bigger questions – of ourselves, our industry, and the world at large. Questions that challenge convention and give rise to new thinking. Because the bigger questions we ask, the bigger actions we can take. Follow us for global insights shaping the economy, innovative thinking around the path to net zero and more information on culture and careers at BlackRock.

Benefits

  • Financial Well-being

    We help more and more people experience financial well-being – which applies as much to you as it does to our clients. At BlackRock, you’ll have access to our competitive retirement plan as well as financial coaching and educational resources to help you build a sound financial future.

  • Healthcare

    We provide a great selection of benefits and programs to help you manage health care costs, live a healthy lifestyle and find the right care, whenever you need it.

  • Physical well-being

    We know that physical well-being is an important component of maintaining your overall health – both now and in the future. Our comprehensive physical well-being benefits help you stay active, eat better and feel energized.

  • Life management

    We know managing life, work and everything in between can be difficult. So, whether you need a little R&R or time to tend to other matters, Flexible Time Off allows you to take time away from work, stress free, to focus on moments that are important to you.

  • Emotional well-being

    We understand emotional resilience is key to helping you thrive – in your life and at work. Whether you’re looking for ways to handle life’s many challenges, reduce your stress or boost your happiness by volunteering your time in service to others, our resources can help you navigate all kinds of situations.

  • Professional well-being

    Focus on your strengths and build the​ expertise you need to further your career. Our BlackRock Academies, structured training by​ program and employee networks, provide resources for​ meaningful networking, skill building and professional as​ well as personal growth.

  • Pay for Performance

    Our pay for performance approach means your total compensation reflects individual, business and company performance. For our full-time employees, total compensation includes a base salary plus an annual discretionary bonus.

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