Associate, Hedge Fund Solutions Core Portfolio Management Associate, Multi-Asset Strategies & Solutions (MASS)
About this role
Introduction to Multi-Asset Strategies & Solutions
The Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. MASS draws on the full toolkit of BlackRock’s index, factor, and alpha-seeking investment capabilities to deliver precise investment outcomes and cutting-edge alpha insights. MASS constructs active asset allocation strategies and whole portfolio solutions across a wide spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions in the wealth and institutional channels. Currently, MASS manages over $1 trillion in assets and has a strong presence in the United States, Europe, and Asia Pacific region.
MASS is committed to attracting exceptional talent from a wide range of backgrounds and experiences, and to fostering an environment where different perspectives are valued and drive better decisions. Consistent with our diverse client base, we recognize the benefit that diversity of thought brings to the success of our business.
Introduction to Hedge Fund Solutions & BlackRock Manager Research
Hedge Fund Solutions (“HFS”) and BlackRock Manager Research (“BMR”) work together to deliver BlackRock’s hedge fund solutions platform. With over $30 billion under management, HFS provides hedge fund solutions to a broad array of institutional clients through commingled and custom fund structures. HFS client portfolios primarily allocate to third-party hedge funds that have been sourced and approved via BMR manager underwriting & diligence processes.
Position Overview
BlackRock is seeking a candidate to join the HFS Core Portfolio Management (“HFS Core PM”) team in New York City or Seattle, where they will be part of a global team responsible for a wide array of portfolio management activities. The HFS Core PM team is responsible for implementing investment decisions across HFS client portfolios, the HFS governance model, and works to enhance the HFS platform’s partnership with Aladdin and other partner teams.
Desired qualities include proficient analytical and quantitative skills, plus a demonstrated capacity to work with various internal & external teams. The successful candidate will possess outstanding attention to detail, excellent interpersonal skills, and have a passion for thinking critically.
Key Responsibilities
Partner with HFS Portfolio Managers on investment implementation & execution including investment guideline compliance monitoring, cash & liquidity management, and interfund transfers
Anticipate and resolve operational issues (e.g., trade execution, settlement, portfolio compliance, hedging, etc.) arising during the investment evaluation process
Build and uphold relationships with key BlackRock partner teams (e.g., legal, tax, trading operations, compliance, pricing & valuation, cash reconciliations, derivative operations, fund administration, technology teams and others);
Assist with project management related to the structural and operational components of product launches and ongoing product management
Assist with establishing trading & financing infrastructure for new and existing products through coordination with financing counterparties, internal teams, and external hedge fund managers
Acquire knowledge of the full scope of various investment management functions, especially the needs & impacts for team members involved in both upstream and downstream activities
Experience / Key Qualifications
Outstanding academic credentials; preferably a degree in a quantitative field (Finance, Economics, Mathematics, Accounting, or similar)
Experience in portfolio management or related role desired, with accompanying knowledge in relevant subject areas such as markets, trading, or similar
Strong working knowledge of a range of instruments and markets such as private and/or public funds, derivatives, FX, cash instruments, equities or credit markets
Familiarity with Aladdin portfolio management tools is highly valued
Flexible, responsive and self-starting personality. Demonstrated experience working both independently and as part of a team in a highly collaborative, global environment
Strong process awareness and sense of accountability and ownership in recognizing and addressing risks
Strong communication and interpersonal skills, including ability to coordinate across a variety of functions around the firm
Outstanding project management and organizational skills
We are looking for people who
Thrive in a culture of excellence, innovation, accountability and proactive communication, where all members of the team are motivated to go above and beyond, and think globally and creatively
Seek out better ways to do things and can challenge the status quo
Can work under tight deadlines and balance competing priorities
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.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.Similar Jobs
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers.
BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today.
At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together.
Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
Gallery
BlackRock Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.
