Associate, Portfolio Manager

About the Role

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 wealth advisors, family offices, endowments, and foundations.

We are looking for a personable Portfolio Manager (PM) to join our Portfolio Management team. The PM will be responsible for portfolio construction, rebalancing, and investment strategy analysis using 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 manage and prioritize multiple tasks in a time-sensitive environment, take initiative, and be comfortable taking on responsibility.

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

Requirements

• Bachelor's degree from a 4-year college/university
• Three plus years of relevant finance work experience
• Knowledge of securities markets, products, and 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

Skills

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

Pay

For Sausalito, CA: The salary range for this position is USD$116,000.00 - USD$155,000.00.

For Atlanta, GA: The salary range for this position is USD$105,000.00 - USD$140,000.00.

Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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.

Benefits

• Strong retirement plan
• Tuition reimbursement
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO) to relax, recharge, and be there for the people you care about

Schedule

BlackRock’s hybrid work model requires employees 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. New joiners can count on this hybrid model to accelerate learning and onboarding.