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Associate, Multi-Asset Portfolio Manager

Blackrock · San Francisco, CA

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About this role BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs. Your team 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 innovative alpha insights. The team constructs active asset allocation strategies and whole-portfolio solutions across a broad spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions for wealth and institutional clients. MASS manages more than $1 trillion in assets and maintains a strong presence across the United States, Europe, and Asia Pacific. MASS is committed to fostering an inclusive environment where employees are valued, respected, and empowered to contribute to the success of our clients and business. Your role and impact The MASS Portfolio Management team is seeking a highly motivated professional with a strong financial and technical background to help enhance the investment process and investment platform supporting model portfolios. As the business continues to expand, this role offers the opportunity to influence portfolio management practices, improve technology-enabled investment workflows, and contribute to scalable portfolio solutions. The successful candidate will bring strong analytical skills, attention to detail, and a passion for financial markets across asset classes, while partnering closely with investment, risk, analytics, data, and platform teams. Your responsibilities In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and combine the curiosity to explore new approaches and technologies with the rigor to challenge the results. The scope of this role also includes the following responsibilities:

  • Manage multi-asset model portfolios comprised of Exchange Traded Funds (ETFs) and mutual funds and/or global single-name physical equity portfolios.
  • Perform daily fund management activities, including implementing investment strategies, portfolio rebalancing, and performance attribution.
  • Ensure mandates align with performance expectations, investment guidelines, risk parameters, and regulatory requirements.
  • Utilize technology and analytical tools to improve processes and support business scalability.
  • Build processes that address investment challenges and integrate with existing BlackRock infrastructure, including Aladdin.
  • Partner with analytics, risk, data, and platform teams to enhance systems, investment processes, and trading workflows.
  • Explore and apply artificial intelligence (AI) and machine learning techniques, including prompt engineering, to improve scalable analytics and streamline processes.
  • Collaborate with portfolio managers to translate investment workflows into scalable technology solutions that mitigate risk and improve operational efficiency. Your experience
  • Undergraduate degree in a quantitative discipline such as Physics, Mathematics, Finance, Economics, Computer Science, or equivalent professional experience demonstrating a strong interest in investing.
  • Understanding of portfolio construction and quantitative concepts including risk and exposure management, optimization, beta hedging, foreign exchange hedging, and risk and performance attribution.
  • Experience developing AI-enabled tools combined with academic or professional experience in quantitative finance and portfolio management.
  • Strong attention to detail and the ability to manage multiple portfolio types and activities while maintaining a strong focus on operational risk.
  • Demonstrated problem-solving capabilities, including identifying issues, seeking input from stakeholders, driving resolutions, and implementing process improvements.
  • Excellent communication and interpersonal skills, including the ability to present to internal and external audiences and collaborate effectively across teams.
  • Proficiency in Python and Structured Query Language (SQL); experience with additional programming languages is beneficial. 
For San Francisco, CA Only the salary range for this position is USD$116,000.00
  • USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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. Guidance on AI use for candidates At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self. 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 colle