About this role
Company: BlackRock Investment Management, LLC
Job Title: Associate, Portfolio Management
Location: 1 University Square Drive, Princeton, NJ 8540
Job Duties: Develop deep knowledge of the PI SMA Solutions platform and SMA business to help execute on tactical and strategic initiatives; Collaborate with SMA Portfolio Managers and Portfolio Specialists to build technical solutions to scale their investment processes; Triage incidents and manage time-sensitive releases as the need arises including on an overnight basis on a couple of occasions; Collaborate with cross-functional teams to integrate new platforms and improve system scalability and efficiency; Design and implement complex algorithms in python to manage and rebalance large number of fixed-income separately managed accounts efficiently. Develop and maintain advanced data handling techniques using relational databases and APIs, ensuring seamless integration with the firm’s optimization engine; Demonstrate in-depth knowledge of containerized workloads and services like Kubernetes to support production environments and enhance software performance; Lead the development of internal tools and libraries to standardize practices and streamline processes, while also evaluating emerging technologies to drive innovation and support strategic objectives; Design, implement, and maintain complex Python algorithms for the rebalancing of ~30,000 fixed-income portfolios with a total of ~$22.5B, using Aladdin’s optimization engine; Develop Python and SQL scripts to assist portfolio managers with tasks such as auditing account holdings, identifying accounts requiring trading, updating account details, and generating daily reports; Utilize Aladdin APIs and databases for efficient data handling and application support; Provide in-depth support for Aladdin applications, ensuring seamless production operations and resolving technical issues; Create design specifications for integrating software with new platforms while adhering to current standards and best practices; Conduct thorough testing of algorithms to ensure high quality and comprehensive coverage of all scenarios; and maintain internal Python libraries to standardize coding practices and prevent code duplication across the team; Write Perl scripts for secure and efficient internal file transfers to locations accessible by the team; Oversee citizen developers, guiding them in best coding practices and ensuring the delivery of high-quality code; Evaluate the applicability of new GenAI tools and technologies to enhance team capabilities and business operations.
Qualifications: Bachelor's degree in Engineering, Computer Science, or related field; and 12 months of experience as an Analyst, or related role. One (1) year of experience with: Python; SQL; JavaScript; Object Oriented Programming; Investment Processes; Building and managing risk management and investment platforms; Microsoft Azure; Version control system including Git, and; Perl.
To apply, please click “Apply” on this webpage.
For Princeton, NJ Only the salary range for this position is USD$0.00 - USD$0.00 . 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.
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.
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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.
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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.
