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Portfolio Management Associate

2 months ago


San Francisco, California, United States BlackRock Services Full time
About this role

The Rates Index Portfolio Management team at BlackRock Services is seeking a highly skilled and motivated individual to join our team as a Portfolio Management Associate. As a key member of our team, you will be responsible for managing a suite of Rates ETFs, mutual funds, and separately managed accounts.

Key Responsibilities:
  • Work closely with senior portfolio managers to manage over $400 billion of assets under management (AUM) in rates funds across multiple benchmarks and constraints in a dynamic markets environment.
  • Support the construction and management of rates portfolios with daily flows, including order raising, compliance resolution, cash management, derivatives life cycle management, and risk hedging.
  • Enhance and streamline portfolio management processes across the fixed income platform by employing advanced programming skills to design and implement scalable solutions and algorithms for automating key portfolio construction processes and analyzing complex data sets.
  • Utilize Aladdin, vendor technology, and other analytical tools to enhance and scale processes.
  • Monitor both market and operational risk at scale and ensure adherence to regulatory compliance.
  • Produce daily, periodic, and ad hoc analysis and reporting required by the portfolio management team.
  • Contribute to and take ownership of continuous process improvement, strategic projects, and ad hoc analysis related to our platform.
Requirements:
  • Minimum BSc in a highly quantitative subject such as Mathematics, Physics, Engineering, or a related field. MSc in Financial Engineering, Financial Mathematics, or a related field preferred.
  • Approximately 1-6 years of relevant experience and a strong desire to learn required. Experience of working as a Portfolio Manager, either directly or alongside, is a plus.
  • Understanding of fixed income markets in general and cash rates and derivatives in particular, and the ability to apply insights to portfolio management.
  • Advanced knowledge of Python and pandas applied to financial modeling and ability to write scalable production-level code. Experience with using APIs, quantlib, git, and unit testing is a plus.
  • Strong bond math, probability theory, and applied portfolio theory required. Yield curve construction and portfolio optimization skills is a plus.
  • Skilled at writing efficient SQL queries to interact with databases.
  • Skilled at creating efficient and user-friendly Excel worksheets. VBA skills is plus.
  • Bloomberg proficiency including extracting data both programmatically and through Excel is a plus.
  • Experience with Aladdin tools and datasets is a plus.
What We Offer:

BlackRock Services is proud to offer a competitive salary range of $115,000 - $147,500 for this position. 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.

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.

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.