Associate, Core Portfolio Management

About this role

Company: BlackRock Financial Management, Inc.
Job Title: Associate, Core Portfolio Management
Location: 50 Hudson Yards, New York, NY 10001

Job Duties: Construct investment portfolios. Rebalance portfolios for flows, benchmark changes and client directed events. Develop strong business relationships with Lead PMs, Product Strategists, and members from Compliance, Operations and Client facing teams to ensure smooth portfolio onboarding process, new account activation and to improve day to day investment operations. Ensure that portfolios are in compliance with their investment guidelines and quickly raise and resolve potential issues. Monitor Corporate Actions Manager dashboard and process corporate action elections for team in timely manner. Contribute to corporate credit alpha, yield and idea generation through security selection and substitution trade idea recommendations. Develop analytics, reports, tools and framework to assist in better security risk monitoring and performance attribution that can be shared with broader investment team.

Qualifications: Bachelor’s degree (or foreign equivalent) in Business, Finance, Economics, or a related field; and 2 years of experience in any related job involving Finance and Risk Management. Requires 2 years of experience involving each of the following: 1. Running multi-sector portfolios as a portfolio manager by assisting in the day-to-day operations of managing multi sector fixed income portfolios including monitoring positioning/risk, identifying investment opportunities, loading trades, ensuring portfolios are managed within guidelines and monitoring cash coming in and out of portfolios. 2. Process driven background including introduction of controls & procedures that focuses on systematic methods and workflows that involves analyzing and mapping out steps for a process to ensure that the task/workflow is completed efficiently and effectively. 3. Fixed income markets, including complexities of different issue types, liquidity, and trading various fixed income products, including corporate bonds, CDX, and securitized products, as well as associated analytics. New issues in the market can be issued at various points in the capital structure, such as Senior, Subordinated, and Hybrid. Familiarity with unique features of new issues, like 144A for life, SMRs, or call options, and their potential implications. Liquidity dynamics in the corporate bond market, including the factors that make some bonds more or less liquid than others, and the implications of holding less liquid bonds. Corporate bonds trade on the secondary market, including bid/ask size, portfolio trading, and market technicals. 4. Advanced Excel to efficiently synthesize and summarize large data sets, knowledge of numerous excel formulas/capabilities, and capability to automate tasks. 5. SQL and Python to automate processes, parse and filter large data sets, create efficiency in day-to-day operations.

To apply, please click “Apply” on this webpage.
 

For New York, NY Only the salary range for this position is USD$134,400.00 - 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 employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

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.