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Core PM AssociateSan Francisco, USInvestment Professionals – InvestmentsAbout BlackRockBlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients—period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges.Job descriptionDescriptionAbout this roleIntroduction to Multi-Asset Strategies and Client Portfolio SolutionsBlackRock’s Multi-Asset Strategies (MAS) group includes tactical asset allocation, factor-based strategies, income funds, target date, target allocation, 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. Currently, MAS has over $460 billion in assets under management and has a strong presence in San Francisco, New York, Princeton, London and throughout Asia Pacific.Client Portfolio Solutions (CPS) is BlackRock’s multi-asset investment group focused on delivering whole-portfolio asset allocation and portfolio construction services and solutions to meet our clients’ growing demand for outcome-oriented investment 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.Position OverviewThe Core PM team is responsible for a wide array of portfolio management responsibilities across MAS and CPS. In San Francisco, the primary role of the Core PM team is to partner with the Model Portfolio Solutions Group (MPS), LifePath, Factor Based Strategies Group (FBSG) and Global Tactical Asset Allocation (GTAA) Group, which manage global, multi-asset portfolios held by institutional and individual retail investors. The Core PM team partners in portfolio construction and design with CIOs and researchers, contributes to investment research, handles all aspects of implementation, and drives enhancements across the PM operating platform.We are seeking an Associate level candidate to join the team in San Francisco as a Portfolio Manager with the Core PM team. Partnering with a variety of teams across MAS, the successful individual will have a portfolio implementation focus and help establish best practices in the execution of controls governing the investments managed on team. The individual is expected to handle all aspects of the implementation process, support on-going efforts to improve the PM platform as well as contribute to research and commercial efforts.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 CPS 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
Perform daily fund management tasks, including implementing multiple investment strategies, handling client flows, rebalancing, and attribution
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
Help control and establish best practices in portfolio implementation across multiple investment teams and products throughout Multi-Asset Strategies
Experience/Qualifications:
Bachelor's degree in Finance, Economics or Computer Science
1-3 years of experience in portfolio management or like role desired
Ability to grasp quantitative concepts of risk and exposure, and their application to portfolio management
Direct portfolio management and/or trading 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. Strong process awareness and ability to address operational risk issues
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 ability to recognize and address operational risk issues
Strong communication and interpersonal skills, including ability to deliver presentations internally/externally and coordinate across a variety of functions around the firm
Technical skills including Python, Tableau and SQL preferred
About BlackRockBlackRock’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, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock at https://twitter.com/blackrock | Blog: www.blackrockblog.com at https://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.We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.Job requisition #R193331Team backgroundWe are helping our clients solve their most important investment challenges and strive to deliver persistent, long-term investment performance. Our investment professionals benefit from the resources of a world-class technology firm that is differentiated by a team approach, integrated research and risk management.BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer. 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 EEO is the Law poster here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf and its supplement here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf . The pay transparency policy is available here at https://www.dol.gov/ofccp/pdf/pay-transpformattedESQA508c.pdf .BlackRock is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to Disability.Assistance@blackrock.com and let us know the nature of your request and your contact information.
