About this role
Business Unit Overview
BlackRock’s Transition Management (TRIM) team manages more than 300 transitions a year from hubs in London, Budapest, New York, San Francisco, Tokyo, Singapore, and Hong Kong across equity, fixed income, and multi‑asset transitions. The transition service encompasses detailed analytics, portfolio and risk management, and execution implementation to achieve bespoke client outcomes.
Our clients include many of the largest asset owners globally, including central banks, sovereign wealth funds, public and corporate pension plans, and other institutional investors. The group offers one of the industry’s most comprehensive and established transition management platforms.
Role Overview
Transition Management is a high‑trust activity where clients and internal platforms entrust BlackRock with the reorganisation of significant portfolios. The Transition Manager is accountable for planning, structuring, and delivering portfolio transitions and restructurings end to end, with a strong focus on cost efficiency, risk control, and execution quality.
The role plays a central part in shaping and coordinating transition activity, working closely with clients, client strategists, transition portfolio managers, and internal operations teams.
Key Responsibilities
- Scope, structure, and manage portfolio transitions and restructurings end to end, including designing and owning detailed transition and execution plans covering sequencing, governance, and control considerations
- Coordinate and communicate effectively with internal and external stakeholders across investment, trading, operations, and clients, including escalation of issues and framing of decisions where required
- Identify, assess, and mitigate market, execution, operational, and process risks throughout the transition lifecycle
- Develop a deep understanding of portfolio exposures, execution approaches, operational dependencies, and risk trade‑offs
- Design, implement, and monitor detailed operating and execution models appropriate to the complexity of each transition
- Support Internal Transition Management (iTRIM) activity, including internal and in‑species restructurings, with a strong focus on governance, coordination, and execution oversight
- Partner with Transition Portfolio Managers to align transition infrastructure, risk controls, and stakeholder arrangements to the agreed trading and execution strategy
- Contribute to the ongoing development and improvement of transition processes, controls, and working practices
Skills and Capabilities
- Ability to represent the transition confidently with clients, including leading discussions, managing expectations, and addressing issues or changes in a clear and pragmatic manner
- Ability to influence and align stakeholders to achieve objectives in complex environments, including situations without direct authority or formal control
- Strong project ownership skills with the ability to drive complex, multi‑stakeholder initiatives end to end
- Solid understanding of capital markets, financial instruments, and portfolio structures
- Ability to operate across complex, multi‑team operating models, applying strong analytical skills and sound judgment to navigate ambiguity, assess trade‑offs, and support decision making
- Clear and effective written and verbal communication skills, with the ability to explain complex topics in a practical way
- Comfort operating in fast‑paced environments with competing priorities
- Proficiency in Excel; familiarity with transition costing, workflow, or project management tools is advantageous
- Ownership mindset and integrity, combined with the ability to proactively leverage technology and data‑driven tools to improve delivery and decision making, including openness to automation, analytics, and AI
- Bachelor’s degree or equivalent business experience required, IMC a plus
- Knowledge of an additional European language is an advantage
Relevant Experience
- 2-4 years’ experience in the asset management industry, with a preference for project management experience
- Track record of delivering complex, time‑critical projects or requests for clients or senior internal stakeholders within financial services
- Experience working in roles requiring strong judgment, coordination, and delivery across multiple teams, functions, or external counterparties
- Experience operating in an investment management, trading, operations, custody, or closely related environment, with exposure to portfolio‑related activity
- Exposure to portfolio transitions, restructurings, internal re‑organisations, or in‑specie activity is beneficial but not required
- Experience contributing to process improvement, operating model change, or enhancement of controls, governance, or ways of working is advantageous
Development and Progression
The role offers the opportunity to build deep expertise in transition management and portfolio restructuring whil