Job Abstract

About this role

BlackRock’s SMA Solutions business is seeking a Separately Managed Account (SMA) Portfolio Specialist to work within the dynamic and fast-paced environment of our Core PM SMA Team in the Princeton office.  As a Portfolio Specialist, you will build relationships internally with teammates, Trading Desks, Operations, and the Sales organization as well as externally with clients and Financial Advisors by helping to leverage an evolving operating model at the center of an established and rapidly growing business. 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 across the client population. In addition to having a passion for markets and investing, the successful candidate we are seeking will be proficient with technology to help develop and drive process efficiencies and automation of manual tasks, while providing fresh perspectives on ways to increase scale and accommodate future growth.

Responsibilities:

• Develop essential knowledge of the Team’s trade modeling and order creation systems.
• Trade client accounts – invest/divest assets as appropriate, rebalance accounts, etc.
• Obtain a robust understanding of internal workflows and the full lifecycle of equity, fixed income, and mutual fund trades across all SMA distribution channels.
• Research and 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 enhancements and automation.
• Produce various internal reports relating to trading and investment performance on a timely and accurate basis.
• Assist the Team with handling significant new account growth.
• Provide basic financial market information via Refinitiv, Bloomberg, Aladdin, etc.
• Produce and analyze reports for managing the business.
• Prepare client and prospect presentations, including gathering statistical data.
• Develop a broad understanding of BlackRock’s SMA Solutions product offerings.

Requirements:

• BA/BS is required.
• Technology skills and proficiency with Microsoft Office, especially Excel and Power BI; additional skills and experience with programming languages such as Python and SQL are desired.
• Technical, problem solving, and analytical skills are essential. Successful candidates will be highly organized and detailed oriented with an ability to multi-task and adapt in a fast-paced environment.
• Demonstrated experience working both independently and as part of a team in a highly collaborative environment.
• Ability to recognize and escalate potential issues to help mitigate operational and reputational risk.
• Strong process awareness and proven ability to follow established procedures while also demonstrating adaptability and flexibility.
• Highly effective verbal and written communication skills.
• Experience with trading, implementation, or operations of retail separately managed accounts (SMA’s) is highly preferred.
• Series 7 and 66 licenses required within six months of hiring.

Your learning & development will include:

• Developing a broad understanding of BlackRock’s SMA product offerings.
• Understanding of the portfolio trading and rebalancing lifecycle.
• As a student of the markets, you will have the opportunity to learn how investment and portfolio construction decisions are made and the impact that those decisions have in client portfolios.

You will gain exposure to a broad array of functional and project-oriented tasks while working with an engaging, passionate, diverse, and intellectually curious team

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 and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.