Associate, SMA Solutions Portfolio Specialist-Implementations

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

Within the Core PM SMA Team you will be involved in all aspects of portfolio management and implementation for a rapidly growing segment of our Active SMA business! We are looking for candidates with a proven history of working both independently and as part of a team in a highly collaborative environment. In addition to having a passion for markets and investing, a successful candidate will bring robust technology skills and problem-solving skills to help develop and drive efficiencies and automation, while providing fresh perspectives on ways to increase scale across a dynamic and multi-faceted business.

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. 

·      Obtain a robust understanding of internal workflows and the full lifecycle of equity, fixed income, and mutual fund trades across all SMA distribution channels

·      Monitor risk, performance, and portfolio positioning including cash balances, corporate actions, and asset allocation

·      Use optimization tools to manage model portfolios and ensure compliance with client guidelines

·      Actively participate in optimization oversight through interaction with PMs and other stakeholders

·      Drive increased use of technology and analytical tools to improve scale, streamline platform and process workflows, and enhance investment controls

·      Collaborate with other investors to translate investment workflows into scalable technology solutions to mitigate risk and improve efficiency

·      Aid in production of various internal reports relating to trading and servicing metrics

·      Work with different teams such as Business Operations, Risk and Quantitative Analysis, Aladdin Engineering, and other platform teams to drive operational improvements and participate in overall systems, investment, and trading process enhancements

·      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 investments and such impact on SMA Solutions, Blackrock and our clients. Provide strategic support for industry-wide changes

·      Possess a solutions-oriented mindset, with ability to think critically and challenge the status quo

 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.

·      Candidate must demonstrate an in-depth knowledge of and keen interest in the markets, as well as an understanding of the separate account and model management process.

·      Candidate should demonstrate interest in pursuing or already possessing a CFA or a graduate degree in Financial Engineering, Computer Science or related field.

·      Technical, problem solving, and analytical skills are essential. Organized and detailed oriented with the ability to multi-task and adapt in a fast-paced environment. Strong Excel and database skills; strong preference for Python and SQL experience

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

·      Series 7 and Series 66 preferred; or required to obtain soon after hire

 

 

For Princeton, NJ Only the salary range for this position is USD$105,000.00 - USD$137,500.00 . 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 reti