Associate, Hedge Fund Solutions Core Portfolio Management, 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, developing and retaining a diverse and inclusive workforce. We are passionate about creating and promoting an environment where all employees are valued and respected. Consistent with our diverse client base, we recognize the benefit that diversity 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 $39 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, 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

For New York, NY 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 colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

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.