BlackRock Global Markets (BGM) - Associate, Portfolio Management

$115,000 - $147,500/Yr

BlackRock - San Francisco, CA

Full-time - Entry Level

Remote - San Francisco, CA

Funds, Trusts, and Other Financial Vehicles

About the position

The Associate, Portfolio Management role at BlackRock involves managing the Index Fixed Income portfolios, including ETFs and mutual funds. The position is part of the Rates Index Portfolio Management team, responsible for driving investment decision-making and ensuring efficient management of over $400 billion in rates assets. The role emphasizes collaboration across various teams and the use of advanced technology to enhance portfolio management processes.

Responsibilities

• Manage over $400bn of AUM in rates funds across multiple benchmarks and constraints.
• Support the construction and management of rates portfolios with daily flows including order raising, compliance resolution, cash management, derivatives life cycle management, and risk hedging.
• Enhance and streamline portfolio management processes by employing advanced programming skills to design and implement scalable solutions and algorithms.
• Utilize Aladdin, vendor technology, and other analytical tools to enhance and scale processes.
• Monitor market and operational risk and ensure adherence to regulatory compliance.
• Produce daily, periodic, and ad hoc analysis and reporting required by the PM team.
• Contribute to continuous process improvement, strategic projects, and ad hoc analysis related to the platform.
• Identify and assess relative value across the rates universe, implement investment recommendations, and maintain risk oversight processes.

Requirements

• Minimum BSc in a highly quantitative subject such as Mathematics, Physics, Engineering, or a related field.
• Approximately 1-6 years of relevant experience and a strong desire to learn.
• Understanding of fixed income markets and the ability to apply insights to portfolio management.
• Advanced knowledge of Python and pandas applied to financial modeling.
• Strong bond math, probability theory, and applied portfolio theory skills.
• Skilled at writing efficient SQL queries to interact with databases.
• Proficient in creating efficient and user-friendly Excel worksheets.

Nice-to-haves

• MSc in Financial Engineering, Financial Mathematics, or a related field.
• Experience as a Portfolio Manager, either directly or alongside.
• Experience with using APIs, quantlib, git, and unit testing.
• Yield curve construction and portfolio optimization skills.
• Bloomberg proficiency including extracting data programmatically and through Excel.
• Experience with Aladdin tools and datasets.

Benefits

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