Job Information
BlackRock Vice President, Multi Asset Portfolio Manager in San Francisco, California
About this role
This role will be a key member of the Custom Model Solutions (CMS) team within BlackRock’s Multi-Asset Strategies & Solutions (MASS) organization. MASS is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem, drawing on BlackRock’s full capability set to deliver precise investment outcomes and cutting-edge alpha insights. CMS is a white labeled, open architecture, custom models platform that enables wealth management and advisory firms to partner with BlackRock in constructing a differentiated suite of model portfolios that marry client specific customizations with BlackRock’s best thinking.
The widespread adoption of Model Portfolios is one of the most significant evolutions in the Wealth Management industry over the last decade. As the industry drives towards greater scale, cost efficiency, personalization and goals-based financial planning, the Custom Model Solutions business is uniquely positioned to support advisors and accelerate the adoption of model portfolios. CMS has raised over $50B in client assets in the 5 years since its inception and is one of BlackRock’s the fastest growing businesses in the wealth channel.
This role presents an opportunity to join a high powered, industry leading team operating at the cutting edge of innovation. It will require a strong combination of leadership, investment, and client facing interpersonal skills.
As a Portfolio Manager, you will be encouraged to :
Support clients and sales partners
In close partnership with internal sales partners, deliver CMS as a Platform as a Service, the conduit to BlackRock’s thinking.
Leverage resources across the firm to both meet and preempt client investment and business needs.
Lead new and existing client relationships by forging deep partnerships with their C-Suite executives via in-person and virtual meetings.
Integrate clients into the BlackRock technology stack to deliver customization at scale.
Build strong relationships with product, technology and distribution partners to deliver commercial results aligned with business objectives.
Build and manage model portfolios:
Design custom model portfolios for wealth management clients that marry client specific customization requests with BlackRock’s investment view.
Optimize portfolios to deliver the same investment experience clients expect from BlackRock’s industry leading flagship models franchise.
Master BlackRock’s Aladdin based Portfolio Management toolkit and infrastructure to deliver mass customization at scale.
Work closely with investment teams across the firm to synthesize and deliver their systematic investment and market insights.
Manage projects to drive growth and scale the business:
Drive and support critical initiatives to scale the CMS business further, including but not limited to market leaders / relationship managers, portfolio managers, product strategists, operations specialists and technologist.
Partner with internal stakeholders to improve the CMS operating model, leveraging tech enabled automation to support the business’s growth and risk management objectives.
Represent the investment strategy team in projects with sales, marketing, communications, product strategy and other partners.
Solicit client feedback on industry demand and build innovative investment solutions that anticipate industry trends.
Qualifications/Skills
BA/BS required. Advanced Degree (CFA, CAIA, CFP, FRM, MBA) or progress towards, is strongly preferred
A minimum of 6 years investment or asset management experience
Client facing portfolio management experience is preferred
Combination of technical investment and interpersonal client facing skills
Fluid understanding of financial markets, portfolio construction and analysis
Entrepreneurial with a sense of ownership and keen sense to build a business
Strong organizational skills with attention to detail and process
Collegial attitude and eagerness to partner with numerous teams across BlackRock
For San Francisco, CA Only the salary range for this position is USD$137,500.00 - USD$194,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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 (https://www.dol.gov/sites/dolgov/files/OFCCP/regs/compliance/posters/pdf/22-088_EEOC_KnowYourRights.pdf) and the pay transparency statement (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf) .
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 (http://www.blackrock.com/corporate/compliance/privacy-policy#recruitment-privacy-notice) .
We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.