About this role
Portfolio Management Group – Liability Driven Investments
With one of the most diverse set of capabilities and resources in the industry, we are uniquely positioned to be able to put our best ideas into practice. The Fixed Income department at BlackRock – part of the comprehensive Portfolio Management Group (PMG) – manages more than $2.5 trillion in fixed income assets across index and active strategies, including the $220 billion European liability driven investment business.
The Liability Driven Investment (LDI) business utilises the breadth and depth of the entire fixed income platform when delivering investment solutions for our clients. BlackRock has been running LDI mandates for over 25 years, and we are passionate about crafting and implementing fixed income solutions to help institutional clients meet their long-term investment objectives. We are an investment team with offices located in London, Budapest, Gurgaon, New York, Atlanta and San Francisco split across Client Portfolio Management and Core Portfolio Management sub-teams.
The Team
The Client Portfolio Management team is responsible for the design, development and support of LDI solutions to institutional investors. The team is also the primary contact point for clients and consultants on all matters related to the LDI mandate. The team works closely with the Core Portfolio Management team, who are responsible for trade construction, implementation and on-going management of LDI portfolios.
What you will be doing
The LDI Client Portfolio Manager plays a lead role in designing and implementing LDI strategies for our clients in EMEA. Specific responsibilities include:
- Engagement with existing and prospective clients to identify the investment challenges they face, and to understand their goals and objectives;
- Designing investment solutions for institutional clients and working with the client and their advisors to implement the strategy;
- Providing ongoing technical support to the client with respect to the mandate (i.e. training, delivering mandate and market updates);
- Working to integrate sustainability considerations into client mandates;
- Contributing to idea generation tailored for LDI clients and prospects;
- Making a significant contribution to projects that further enhance the investment platform, our capabilities, our product offering and our team;
- Generating thought leadership on markets, regulation and the new Dutch pension contract;
- Working in partnership with internal stakeholders across the organisation to achieve the above.
The role is positioned at the Vice President-level, but we will also consider consider talented individuals at the Associate level.
We are looking for people who are
- Accountable: You feel personal ownership for the work you do and an aspiration to be better
- Client-focused: You orientate around the clients’ needs and put them first
- Multi-taskers: You have an ability to handle a range of tasks in a high-volume environment
- Finishers: You drive things to completion
- Intellectual: You want to outsmart the problem
- Communicators: You can connect with clarity, distilling complex issues into simple explanations
- Team players: You want to contribute to a strong team performance
Your background
- 4+ years of LDI or relevant experience (ideally asset management, consulting, or banking)
- Experience working with institutional corporate pension fund or insurance clients
- Strong technical, product and market knowledge across the fixed income universe
- Excellent communication skills both verbal and written; capable of explaining complex concepts in simple terms
- Fluency in Dutch and English writing and speaking
- Knowledge of new Dutch pension contract is an advantage
- CFA, FRM and/or Actuarial qualification is a plus
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at 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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