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SalaryAbout this role
Company: BlackRock Financial Management, Inc.
Job Title: Associate, Core Portfolio Management
Location: 50 Hudson Yards New York, NY 1000
Summary of duties: Manage risk and duration exposure for multi-currency fixed income portfolios within risk tolerances in compliance with client and fund guidelines and restrictions. Conduct market research and contribute to alpha generation through relative value and portfolio construction. Raise orders to implement portfolio agendas and maintain positioning across book. Monitor and invest cash flows resulting from client subscriptions and redemptions. Research and resolve compliance violations due to both active and passive movement. Work with the team’s product specialists to develop client solutions, build model portfolios, and ensure smooth on-boarding processes and account activation for new mandates. Enhance Portfolio Management processes by contributing to the development and implementation of portfolio construction and reporting tools. Produce reporting required by Product Strategy or client facing teams. Four (4) days in office and one (1) day remote work per week.
Qualifications: Bachelor's degree in Financial Economics, Finance, Economics, Business Management, or a related field, and three (3) years of experience as an Associate, Fixed Income Product Strategy; or a related role. Must have one (1) year of experience with: relative value analysis, performance attribution, and benchmark construction; utilizing programming, data querying, and scripting languages including R, Python, and SQL to handle large datasets; and assessing operational risk issues in changing market environments. Must have experience with: Portfolio Management, portfolio construction, risk management, compliance and operations, or trading; and advanced Excel including VBA.
To apply: please click the “Apply” button on this webpage.
For New York City only: The salary range for this position is $156,400 – $165,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
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.
