Analyst/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

BlackRock’s SMA Solutions business is seeking a Separately Managed Account (SMA) Portfolio Manager to work within the dynamic and fast-paced environment of our Core PM SMA Team in the Princeton office. As a Portfolio Manager, you will build relationships internally with teammates, Trading Desks, Operations, and the Sales organization as well as externally with clients and Financial Advisors by helping to leverage an evolving operating model at the center of an established and rapidly growing business. On a day-to-day basis, you will actively deliver a broad set of separately managed account investment solutions across various platforms and sponsors, ensure accurate model implementation, and minimize performance dispersion across the client population. In addition to having a passion for markets and investing, the successful candidate we are seeking will be proficient with technology to help develop and drive process efficiencies and automation of manual tasks, while providing fresh perspectives on ways to increase scale and accommodate future growth. 

Responsibilities:

• Develop essential 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.

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

• Handle incoming FA inquiries, provide professional investment experience and resolve account-related issues accurately and efficiently.

• Provide thoughtful ideas and contribute to the streamlining of processes through technology enhancements and automation.

• Produce various internal reports relating to trading and investment performance on a timely and accurate basis.

• Assist the Team with handling significant new account growth.

• Provide basic financial market information via Refinitiv, Bloomberg, Aladdin, etc.

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

• Prepare client and prospect presentations, including gathering statistical data.

• Develop a broad understanding of BlackRock’s SMA Solutions product offerings.

Requirements:

• BA/BS is required.

• Technology skills such as Python, SQL, Excel and Power BI are desired.

• Technical, problem solving, and analytical skills are essential. Successful candidates will be highly organized and detailed oriented with an ability to multi-task and adapt in a fast-paced environment.

• Demonstrated experience working both independently and as part of a team in a highly collaborative environment.

• Ability to recognize and escalate potential issues to help mitigate operational and reputational risk.

• Strong process awareness and proven ability to follow established procedures while also demonstrating adaptability and flexibility.

• Highly effective verbal and written communication skills.

• Experience with trading, implementation, or operations of retail separately managed accounts (SMA’s) is highly preferred.

• 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$85,500.00 - USD$105,000.00 . 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, wit