Associate, Portfolio Manager

BlackRock • Sausalito, CA

21h • $116,000 - $155,000 • Hybrid

About The Position

About this role Team Overview 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. About this Role We are looking for a personable Portfolio Manager (PM) to join our Portfolio Management team. The PM will be responsible for portfolio construction and rebalancing as well as investment strategy analysis. Our portfolio managers work with leading-edge portfolio risk and optimization technologies. Ideal candidates must have excellent problem-solving capabilities, a high degree of attention to detail, and strong organizational skills. The position requires solid verbal and written communication aptitude and the ability to work directly with clients on complicated tax- and risk-modeling problems. The PM must be able to manage and prioritize multiple tasks in a time-sensitive environment, be able to take initiative, and be comfortable taking on responsibility.

Requirements

• Excellent analytical, problem-solving and computer competencies, with an emphasis on quantitative analysis
• Strong Excel skills, including mastery of VLOOKUP, pivot tables, etc.
• Acute attention to detail and proofing
• Demonstrated initiative, a broad perspective, creativity, and good quantitative intuition
• Sound verbal and written communication skills
• Proven ability to manage multiple tasks and projects
• Strong organizational and time management skills
• Bachelor's degree from a 4-year college/university
• Three plus years of relevant finance work experience required
• Knowledge of securities markets, products, behavior
• Understanding of modern portfolio theory and its application
• Experience with portfolio operations, including custodial relationships, portfolio accounting, performance, and reconciliation
• Familiarity with multi-factor risk models
• Prior work experience in a high-net-worth environment
• Background in client-facing functions

Nice To Haves

• Experience with python, SQL, and VBA is preferred
• Ability to work collaboratively in a team environment

Responsibilities

• Use quantitative risk models and optimization programs to analyze and manage direct indexing equity portfolios
• Rebalance portfolios according to various client tax preferences and investment mandates
• Work directly with clients on complicated tax- and risk-modeling problems.
• Collaborate with other portfolio managers to analyze and implement investment strategies
• Work in partnership with internal Operations teams to facilitate the opening and ongoing management of accounts
• Communicate effectively with clients to provide updates and address any inquiries or concerns
• Maintain compliance with all regulatory requirements and company policies
• Develop a broad understanding of BlackRock’s SMA 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: Mid Level