Associate, Portfolio Manager

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

We are looking for a personable Portfolio Manager (PM) to join our Portfolio Management team. The PM will be responsible for portfolio construction and rebalancing as well as investment strategy analysis. Our portfolio managers work with leading-edge portfolio risk and optimization technologies. Ideal candidates must have excellent problem-solving capabilities, a high degree of attention to detail, and strong organizational skills. The position requires solid verbal and written communication aptitude and the ability to work directly with clients on complicated tax- and risk-modeling problems. The PM must be able to manage and prioritize multiple tasks in a time-sensitive environment, be able to take initiative, and be comfortable taking on responsibility.

Key Responsibilities:

Use quantitative risk models and optimization programs to analyze and manage direct indexing equity portfolios

Rebalance portfolios according to various client tax preferences and investment mandates

Work directly with clients on complicated tax- and risk-modeling problems.

Collaborate with other portfolio managers to analyze and implement investment strategies

Work in partnership with internal Operations teams to facilitate the opening and ongoing management of accounts

Communicate effectively with clients to provide updates and address any inquiries or concerns

Maintain compliance with all regulatory requirements and company policies

Develop a broad understanding of BlackRock's SMA product offerings

Qualifications:

Excellent analytical, problem-solving and computer competencies, with an emphasis on quantitative analysis

Strong Excel skills, including mastery of VLOOKUP, pivot tables, etc.

Acute attention to detail and proofing

Demonstrated initiative, a broad perspective, creativity, and good quantitative intuition

Sound verbal and written communication skills

Proven ability to manage multiple tasks and projects

Strong organizational and time management skills

Bachelor's degree from a 4-year college/university

Three plus years of relevant finance work experience required

Knowledge of securities markets, products, behavior

Understanding of modern portfolio theory and its application

Experience with portfolio operations, including custodial relationships, portfolio accounting, performance, and reconciliation

Familiarity with multi-factor risk models

Prior work experience in a high-net-worth environment

Background in client-facing functions

Experience with python, SQL, and VBA is preferred

Ability to work collaboratively in a team environment

For San Francisco, CA and Sausalito, CA 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