Portfolio Management, Associate/ Vice President

About this role

Systematic Active Equity (SAE) is the quantitative equity investment group with BlackRock.  We invest our client assets (approximately $300bn) using quantitative insights captured in a scalable and repeatable process.  SAE is a pioneer and thought leader in the quantitative equity investment industry and has consistently achieved client investment goals across global equity markets for over 40 years.  Our clients include corporate pension plans, public pension plans, central banks, sovereign wealth funds and other institutional investors.

We are seeking a portfolio manager to complement our Platform PM team.  SAE Platform PM team members are responsible for the array of portfolio implementation and management responsibilities described below across our Developed and Emerging Market portfolios, with an emphasis on adhering to effective, risk-controlled, and consistent processes.  Team members also support on-going efforts to improve the SAE portfolio management platform as well as contribute to the research process and to commercial projects.

This role has considerable scope for the right individual to have an impact on the success of the team and broader SAE business.

Key Responsibilities:

• Manage portfolio cash flows including subscriptions, redemptions and equitizations

• Manage portfolio FX exposures

• Manage derivative lifecycle events for futures, TRS, FX forwards, and options

• Manage daily processes and rebalance activity for absolute return funds, active ETFs and other long-only and long-short portfolios

• Rebalance futures, FX overlay and portable alpha and other strategies

• Ensure portfolios remain in compliance with their investment guidelines

• Monitor, submit elections, and ensure proper processing of corporate actions

• Deliver operational excellence and foster a culture of investment risk control and compliance

• Work alongside SAE Portfolio Management, Research, Product Strategy, and Business Management teams to execute key commercial initiatives and on-board new products, mandates and clients

• Partner with BlackRock business partners to drive system enhancements, and investment and trading process improvements

Preferred Knowledge & Experience:

• Degree in a quantitative field (e.g. computer science, engineering, physics, math, finance, or economics)

• 2+ years in a portfolio management-related or trading role, preferably with equities, futures, and FX experience

• Knowledge of Aladdin; programming skills in Python, MATLAB or other languages or tools; knowledge of AI applications is desirable

• Knowledge of ETF portfolio management is a plus

• Detail-oriented, team oriented, and self-motivated with a desire to work across a wide range of portfolio types and activities

• Interpersonal skills that align with and contribute to a culture of teamwork, learning and knowledge sharing

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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.