Analyst/Associate, Portfolio Manager

BlackRock • Princeton, NJ

2d • $85,500 - $105,000 • Hybrid

About The Position

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. 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 Platform & Portfolio Support 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 be responsible for centralized portfolio and client service support functions across multiple platforms and sponsors, while ensuring accurate model implementation and minimization of performance dispersion across the client population. In addition to having a passion for markets and investing, the successful candidate we are seeking will possess a strong process and operational orientation. Proficiency 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 is also highly desired.

Requirements

• BA/BS is required.
• Minimum 2-4 years of experience with trading, implementation, or operations of retail separately managed accounts (SMA’s) is highly preferred. Deep understanding of SMA processes across various asset classes and UMA, single contract, and dual contract platform structures.
• 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 proven ability to multi-task and adapt in a fast-paced environment while prioritizing competing responsibilities
• 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.
• Series 7 and Series 66 preferred; or required to obtain soon after hire

Responsibilities

• Develop essential knowledge of the Team’s trade modeling and order creation systems.
• 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 internal and external client inquiries, provide professional investment experience and resolve issues accurately and efficiently.
• Provide thoughtful ideas and contribute to the streamlining of processes through technology enhancements and automation.
• Assist with timely resolution of any operating events (trade errors) and coordinate with internal and external partners to minimize market and business risk.
• Partner with client relationship managers to provide white glove service and assist with delivering highly customized investment solutions.
• Produce various client and prospect materials relating to transition and investment management on a timely and accurate basis.
• 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
• Develop a broad understanding of BlackRock’s SMA Solutions product offerings.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level