Associate, US iShares Product Innovation

BlackRock • San Francisco, CA

1d • $110,000 - $150,000 • Hybrid

About The Position

About this role BlackRock is an industry leader in ETFs, with approximately $4.0 trillion in assets under management in ETFs in the U.S., and we remain committed to advancing product innovation at a high-quality that delivers differentiated access, strategic solutions, and meaningful client outcomes. Exchange-traded funds (ETFs) represent one of the fastest growing segments in investment management. They create opportunities to attract new investors, increase engagement with current clients, and support new portfolio applications and financial strategies. About the team BlackRock’s U.S. Product Innovation Team leads the investigation, creation, and advancement of new ETF products and the continuous improvement of our existing suite. This includes identifying and evaluating emerging market trends and client needs, conducting competitive and quantitative analysis, and working across internal and external stakeholders to translate insight into scalable product solutions. The role This position reports to a senior leader on the U.S. The team is committed to product innovation will play a central role in advancing the development pipeline for ETF products. Responsibilities include generating and evaluating new product ideas, conducting market, competitive, and client research, and participating in cross-functional initiatives aimed at advancing product introductions and ongoing refinements. The role will partner closely with teams across Global Product Solutions, Portfolio Management, Distribution, Legal and Compliance, and other collaborators to bring innovative concepts from ideation through implementation, ensuring alignment with business priorities, regulatory requirements, and client expectations.

Requirements

• 3-5 years of relevant industry experience.
• The ideal candidate will have experience in financial markets in a relevant capacity (investments, research, trading, structuring, financial engineering, consulting)
• BA/BS required.
• Major in a quantitative field such as economics, finance, engineering or science a plus
• Strong analytical skills and intellectual curiosity.
• Experience with financial data analysis and portfolio construction a plus
• Experience with derivative instruments, including options, futures, and swaps a plus
• Ability to work well across investment, client-facing, and product implementation teams and external partners (3rd party index providers, sell side researcher, industry experts)
• Proficient in Microsoft Office Suite.
• Ability to code in Python, Matlab or R a plus

Nice To Haves

• CFA or equivalent experience (or progress towards) a plus
• Experience with Bloomberg, Morningstar Direct, and FactSet a plus.

Responsibilities

• Support the research, build, and development of new exchange-traded fund offerings across multiple asset classes and strategies, including Fixed Income, Digital Assets, Outcomes, and Equities.
• Develop and evaluate ETF construction methodologies, portfolio frameworks, and investment approaches to inform new product launches and improvements.
• Perform quantitative analysis of portfolio performance, risk, liquidity, and capacity, including bespoke backtesting, scenario analysis, and forward-looking simulations.
• Partner with portfolio management, trading, capital markets, legal, compliance, tax, and third-party index providers to roll out product launches and improvements.
• Conduct market and competitive research to support product prioritization and identify emerging client needs and opportunities.
• Contribute to product education and commercialization efforts by developing materials and analytical tools that communicate product design, use cases, and competitive positioning.
• Serve as a subject-matter resource on new products and competitive offerings, supporting internal stakeholders and distribution partners.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement 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.

What This Job Offers

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