Associate, Portfolio Specialist at BlackRock

Princeton, New Jersey, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset Management, Investment ManagementIndustries

Requirements

BA/BS or considerable portfolio support experience
Series 7 and 66 licenses or the ability to obtain within the first 3-6 months of employment
Strong technology skills and proficiency with Excel, Python, and SQL (highly preferred)
Demonstrated experience working both independently and as part of a team in a highly collaborative environment
Experience with Aladdin (preferred)
Experience with trading and implementation of separately managed accounts (SMAs) (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)

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

Skills

Key technologies and capabilities for this role

Trade ModelingOrder CreationPortfolio RebalancingFixed IncomeSMAAutomationProcess ImprovementTradingRisk ManagementClient Reporting

Questions & Answers

Common questions about this position

What licenses are required for this Portfolio Specialist role?

Series 7 and 66 licenses are required, or the ability to obtain them within the first 3-6 months of employment.

Is this position remote or office-based?

The role is based in the Princeton office.

What technical skills are preferred for this position?

Strong technology skills with proficiency in Excel, Python, and SQL are highly preferred, along with experience with Aladdin.

What is the work environment like at BlackRock's SMA Solutions team?

The team operates in a dynamic and fast-paced environment, emphasizing collaboration with internal teams like Portfolio Managers and Trading Desks, as well as external clients.

What makes a strong candidate for the Associate, Portfolio Specialist role?

Candidates with a BA/BS or portfolio support experience, Series 7/66 licenses, strong technology skills in Excel/Python/SQL, and experience with trading SMAs or Aladdin will stand out, along with the ability to thrive in a fast-paced, collaborative setting.

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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