Associate, Portfolio Specialist

BlackRock SMA Solutions is seeking a Portfolio Specialist for its Fixed Income SMA Team in Princeton. This role involves building relationships with internal and external stakeholders, delivering investment solutions, ensuring accurate model implementation, and minimizing performance dispersion for a growing client base. The specialist will also focus on developing technology skills to drive process efficiencies and automation, contributing to the team's scale and growth.

Must Have

• Develop expert knowledge of the Team’s trade modeling and order creation systems
• Trade client accounts – invest/divest assets as appropriate, rebalance accounts, etc.
• Research & 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 improvements and automation
• Produce various internal reports relating to trading and investment performance on a timely and accurate basis
• Assist Portfolio Managers in handling significant new account growth
• Provide basic financial market information via Thomson, Bloomberg, etc.
• Produce reports for running the business
• Prepare client and prospect presentations, including gathering statistical data
• Develop a broad understanding of BlackRock’s SMA product offerings
• BA/BS is required or considerable portfolio support experience
• Series 7 and 66 licenses or the ability to obtain within the first 3-6 months of employment required
• Demonstrated experience working both independently and as part of a team in a highly collaborative environment
• Ability to prioritize responsibilities and manage multiple tasks in a fast-paced environment, while demonstrating meticulous attention to detail
• Strong process awareness and ability to identify and address operational risk issues
• Demonstrated ability to effectively communicate and present in group settings

Good to Have

• Strong technology skills and proficiency with Excel, Python, and SQL
• Experience with Aladdin
• Experience with trading and implementation of separately managed accounts (SMAs)
• Fixed Income market knowledge

Perks & Benefits

• Strong retirement plan
• Tuition reimbursement
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO)

About this role

Team Overview BlackRock SMA Solutions helps clients customize portfolios for unique tax, values-alignment, or investment exposures across direct indexing, fixed income, active equity, and multi-asset. We deliver world-class service to all of our clients, from wealth advisors to family offices to endowments and foundations.

BlackRock’s Separately Managed Account Solutions (SMA Solutions) is seeking a Portfolio Specialist to work within the dynamic and fast-paced environment of our Fixed Income SMA Team. As a Portfolio Specialist, you will build relationships internally with Portfolio Managers, Trading Desks, Operations, and the Sales organization as well as externally with clients and Financial Advisors. 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 for a rapidly growing client population! In addition to having a passion for markets and investing, a successful candidate we are seeking will bring robust technology skills to help develop and drive process efficiencies and automation of manual tasks, while providing new perspectives on ways to increase scale across a rapidly growing business!

Responsibilities:

• Develop expert knowledge of the Team’s trade modeling and order creation systems
• Trade client accounts – invest/divest assets as appropriate, rebalance accounts, etc.
• Research & 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 improvements and automation
• Produce various internal reports relating to trading and investment performance on a timely and accurate basis
• Assist Portfolio Managers in handling significant new account growth
• Provide basic financial market information via Thomson, Bloomberg, etc.
• Produce reports for running the business
• Prepare client and prospect presentations, including gathering statistical data
• Develop a broad understanding of BlackRock’s SMA product offerings

Requirements:

• BA/BS is required or considerable portfolio support experience
• Series 7 and 66 licenses or the ability to obtain within the first 3-6 months of employment required
• Strong technology skills and proficiency with Excel, Python, and SQL are highly preferred
• Demonstrated experience working both independently and as part of a team in a highly collaborative environment
• Experience with Aladdin is preferred
• Experience with trading and implementation of separately managed accounts (SMAs) is preferred
• Ability to prioritize responsibilities and manage multiple tasks in a fast-paced environment, while demonstrating meticulous attention to detail
• Strong process awareness and ability to identify and address operational risk issues
• Demonstrated ability to effectively communicate and present in group settings
• Fixed Income market knowledge preferred

For Princeton, NJ Only the salary range for this position is USD$105,000.00 - USD$140,000.00 . 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.

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 Disability.Assistance@blackrock.com. 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.