Associate

BlackRock•New York, NY

4d•$136,000 - $155,000•Hybrid

About The Position

BlackRock Financial Management, Inc. is hiring an Associate in New York, NY. The role constructs active asset allocation strategies and whole-portfolio solutions across commingled funds, separate accounts, model portfolios, and outsourcing solutions for wealth and institutional clients. The Associate evaluates equity and fixed-income strategies and global asset classes, recommends investment opportunities and managers, and works with multi-manager investment teams to tailor solutions for global clients. The position owns recommended investment strategies and their ongoing monitoring, contributes to portfolio design and management, documents due diligence and monitoring findings in reports, tracks investment-management products and trends, and represents BlackRock and Manager Research in client meetings and with the investment industry. The position requires a bachelor's degree or foreign equivalent in Statistics, Business, or a related field and 36 months of experience in the offered or a closely related role. The stated salary range for New York, NY is USD $136,000–$155,000. Employees are also eligible for an annual discretionary bonus and healthcare, leave, and retirement benefits. BlackRock uses a hybrid work model requiring employees to work at least four days per week in the office, with the flexibility to work from home one day per week; some business groups may require more in-office time.

Requirements

Bachelor's degree or foreign equivalent in Statistics, Business, or a related field.
36 months of experience in the job offered or a closely related role.
Three years of experience with equity and fixed income.
Three years of experience sourcing investment ideas and conducting statistical analysis using eVestment, Morningstar, and Bloomberg.
Three years of experience with risk modeling and financial modeling.
Three years of experience calculating and analyzing risk with regard to asset classes and portfolios.
Three years of experience creating risk reports.
Three years of experience in portfolio construction.
Three years of experience with equity, fixed income, liquid alternatives, and hedge funds.
Three years of experience in asset management.
Three years of experience sourcing and conducting investment due diligence on managers.
Three years of experience with Python and SQL.
Three years of experience writing and presenting technical investment memos for internal and external stakeholders.

Responsibilities

Construct active asset allocation strategies and whole-portfolio solutions across commingled funds, separate accounts, model portfolios, and outsourcing solutions for wealth and institutional channels.
Evaluate and provide recommendations on equity or fixed-income strategies and asset classes across the globe, independently and in teams.
Research asset-class opportunities and identify investment managers suited to pursue them.
Work with BlackRock multi-manager investment teams to tailor investment solutions for global clients.
Own recommended investment strategies and monitor them on an ongoing basis.
Participate in portfolio design and ongoing management, preparing researched proposals for strategic investments.
Document initial due diligence and ongoing monitoring findings in reports summarizing manager performance and portfolio positioning.
Stay current on products and trends in the investment-management industry.
Represent BlackRock and Manager Research in client meetings and to the investment industry.