Multi-Asset Strategies, Core Portfolio Management - Associate/Vice President
Description About this role Introduction to Multi-Asset Strategies and Client Portfolio Solutions BlackRock's Multi-Asset Strategies (MAS) group includes tactical asset allocation, factor-based strategies, income funds, target date, target risk, and impact investing products. Our team of over 300 multi-asset investment professionals manages a range of pooled vehicles, model portfolios, and customized mandates for a diversified client base.
The Multi-Asset Strategies group sits alongside Client Portfolio Solutions (CPS) which is the investment area focused on delivering custom whole-portfolio asset allocation and portfolio construction services and solutions. CPS provides a single point-of-contact for custom portfolio construction, with individual Client Chief Investment Officers (CCIOs) offering multi-asset expertise and owning the design, delivery and performance of custom portfolio solutions for our clients. These experts are segmented by client channels, including DC and Wealth Management Platforms, Pensions, Insurance, Foundations & Endowments, Family Office, Official Institutions and Multi-nationals.
CPS brings together the best of BlackRock's real-world investment expertise, premier asset allocation and macro research, and industry-leading risk analysis capabilities to offer our clients a holistic, differentiated portfolio construction experience. Our team is made up of experts in strategic asset allocation design who partner with investment professionals in Fixed Income, Active Equity, ETF, Index, MAS and Alternative asset classes to blend multiple sources of return to maximize long-term performance.
Together, MAS & CPS have $640 billion in assets under management and have teams located in San Francisco, New York, London and throughout Asia Pacific.
Position Overview The Core PM team is responsible for a wide array of portfolio management responsibilities across MAS and CPS. In London, the primary role of the Core PM team is to partner with the CPS, MPS, Factors and Diversified Strategies teams which manage global, multi-asset portfolios held by institutional and individual retail investors. The Core PM team partners in portfolio construction and new business design with CIOs and researchers, contributes to investment research, handles all aspects of implementation, and drives enhancements across the PM operating platform.
BlackRock is seeking an Associate or Vice-President to join the Core Portfolio Management team, primarily focused on the CPS Client CIO business. The successful candidate will have a portfolio construction focus, driving enhancements to best practice in construction and implementation of market and manager views and supporting the scale of portfolio management best practices across institutional and retail portfolios. The individual is expected to contribute to and influence investment decision making, including asset allocation and market views, the method of implementation and in manager selection. The individual will possess strong analytical and quantitative skills as well as a demonstrated ability to work in a collaboration with a wide range of partner teams and stakeholders.
Given the focus on multi-asset approaches among our clients and within BlackRock, this role has considerable scope for the right individual to have an impact on both the success of the team as well as the broader MAS and MPS businesses. The successful candidate will possess outstanding attention to detail, excellent interpersonal skills, and have a passion for thinking critically about financial markets both across and within asset classes.
Responsibilities: - Manage multi-asset portfolios comprised of physical, synthetic and multi-manager fund assets
- Partner with Client CIOs and clients to design, construct and manage portfolios
- Perform daily fund management tasks including implementing multiple investment strategies, handling client flows, rebalancing, and monitoring positioning, performance and risk
- Ensure all mandates conform to performance expectations, investment guidelines, risk parameters, and regulatory requirements
- Utilize technology and analytical tools to enhance processes and create scale
- Interface with analytics, risk, data and other platform teams to drive process improvements and contribute to overall systems, investment and trading process enhancements
- Participate in research related to multi-asset portfolio construction and other investment topics
- Help control and establish best practices in portfolio implementation across multiple investment processes and products throughout Multi-Asset Strategies and Client Portfolio Solutions (transfer coefficient, costs, etc.)
- Engage with internal investment teams to leverage product and trading innovations in the investment process
Experience/Qualifications: - Degree in a quantitative field (Physics, Maths, Finance, Economics, Computer Science or similar) or equivalent demonstrated professional experience
- Four to seven years of experience in portfolio management or like role desired, with accompanying knowledge of multi-asset portfolio construction, exposure and risk measures, and attribution
- Understanding of quantitative investment research and optimization techniques preferred
- Experience in a range of multi-asset instruments and markets such as ETFs and other fund vehicles, derivatives, FX, rates, equities and credit markets (options, IRS, CDS, etc. a plus)
- Meticulous attention to detail with an ability to remain focused across a wide range of portfolio types and activities.
- Flexible, responsive and self-starting personality. Demonstrated experience working both independently and as part of a team in a highly collaborative, global environment
- Strong process awareness and sense of accountability and ownership in recognizing and addressing risks in the business
- Strong communication and interpersonal skills, including ability to deliver presentations internally/externally and coordinate across a variety of functions around the firm
- Technical skills such as Python, Matlab, Tableau and SQL desirable
About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.
For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
