Associate, Portfolio Specialist

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 all of our clients, from wealth advisors to family offices to endowments and foundations.

BlackRock’s Separately Managed Account Solutions (SMA Solutions) is seeking a Portfolio Specialist to work within the dynamic and fast-paced environment of our Fixed Income SMA Team in the Princeton office. As a Portfolio Specialist, you will build relationships internally with Portfolio Managers, Trading Desks, Operations, and the Sales organization as well as externally with clients and Financial Advisors.

On a day-to-day basis, you will actively deliver a broad set of separately managed account investment solutions across various platforms and sponsors, ensure accurate model implementation, and minimize performance dispersion for a rapidly growing client population. In addition to having a passion for markets and investing, a successful candidate will bring robust technology skills to help develop and drive process efficiencies and automation of manual tasks, while providing new perspectives on ways to increase scale across a rapidly growing business.

Responsibilities

• Develop expert knowledge of the Team’s trade modeling and order creation systems
• Trade client accounts – invest/divest assets as appropriate, rebalance accounts, etc.
• Research & resolve individual account discrepancies to ensure a consistent client experience and minimize investment and operational risk
• Handle incoming FA inquiries, provide a professional investment experience and resolve account-related issues accurately and efficiently
• Provide thoughtful ideas and contribute to the streamlining of processes through technology improvements and automation
• Produce various internal reports relating to trading and investment performance on a timely and accurate basis
• Assist Portfolio Managers in handling significant new account growth
• Provide basic financial market information via Thomson, Bloomberg, etc.
• Produce reports for running the business
• Prepare client and prospect presentations, including gathering statistical data
• Develop a broad understanding of BlackRock’s SMA product offerings

Requirements

• BA/BS is required or considerable portfolio support experience
• Series 7 and 66 licenses or the ability to obtain within the first 3-6 months of employment required
• Strong technology skills and proficiency with Excel, Python, and SQL are highly preferred
• Demonstrated experience working both independently and as part of a team in a highly collaborative environment
• Experience with Aladdin is preferred
• Experience with trading and implementation of separately managed accounts (SMAs) is preferred
• Ability to prioritize responsibilities and manage multiple tasks in a fast-paced environment, while demonstrating meticulous attention to detail
• Strong process awareness and ability to identify and address operational risk issues
• Demonstrated ability to effectively communicate and present in group settings
• Fixed Income market knowledge preferred

Pay

The salary range for this position in Princeton, NJ is USD $105,000.00 - USD $140,000.00. Additionally, employees are eligible for an annual discretionary bonus.

Benefits

• Strong retirement plan
• Tuition reimbursement
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO)

Schedule

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.