Associate, Portfolio Manager, Liability Driven Investing (LDI), Portfolio Management Group

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<p style="text-align:left"><b>About this role</b></p><p style="text-align:inherit"></p><p style="text-align:inherit"></p><p></p><p>Being a part of BlackRock means being a part of a community of experienced, ambitious people who are taking on some of the world’s most complex financial challenges. And our founder-led culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.</p><p></p><p>BlackRock is a world-class provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors. BlackRock offers a range of solutions — from meticulous fundamental and quantitative active management approaches aimed at increasing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.</p><p></p><div><p><b>Portfolio Management Group</b></p></div><p></p><p>Portfolio Management Group (PMG) sits at the heart of active investing at BlackRock. This group unifies best-in-class investment organization and aims at delivering differentiated investment performance through excellence in products and capabilities, operational discipline, and risk management. The group encompasses BlackRock’s Fixed Income (Fundamental, Municipals and Financial Institutions, and LDI), Fundamental Equities, Private Credit, Systematic Investments, Multi-Asset Strategies & Solutions, and the Private Investors Businesses.</p><p></p><p>The Liability Driven Investment (LDI) business is a distinct part of Global Fixed Income which leverages the breadth and depth of the entire fixed income platform when delivering solutions for our clients.  BlackRock has been managing LDI mandates for over 20 years in North America. </p><p></p><div><p><b><span>Key Responsibilities</span></b></p><p></p><p>Our LDI team is searching for an Associate to focus on Client Portfolio Management and Portfolio Management responsibilities. Your work will span analysis, client-oriented responsibilities and portfolio management, to deliver value for our clients.</p></div><p></p><p><b>Responsibilities: </b></p><ul><li><p>Engage with existing and prospective pension clients to understand the nature of the client’s  liabilities, investment challenges, and their outcome objectives.</p></li><li><p>Develop working knowledge of Aladdin, BlackRock’s comprehensive risk management and portfolio management system, in order to efficiently deliver customized client analysis and reporting.</p></li><li><p><span>Support the lead Portfolio Manager in managing fixed income LDI portfolios within risk tolerances, complying with client/fund guidelines and targets.</span></p></li><li><p><span>Assist with day-to-day portfolio management activities including trade programs, target changes, cashflows and compliance management.</span></p></li><li><p>Create and deliver client and prospect presentations on topics including risk management, risk budgeting, asset allocation, and portfolio construction, in an asset-liability framework.</p></li><li><p>Engage with clients to deliver portfolio and market updates, resolve client inquiries, and provide training and education.</p></li><li><p>Participate in commercial strategy for individual client engagements, as well as contribute to business development, thought leadership and overall brand strategy across the business.</p></li><li><p>Contribute to technology and automation process. Collaborate with tech and PM teams to automate workflows.</p></li></ul><p></p><p><b><span>Requirements:</span></b></p><ul><li><p><span>3-5 years of experience in a fixed income portfolio management, research, risk management or analytics role</span></p></li><li><p><span>Command of fixed income analytical concepts (duration, convexity, measures of carry, tracking error, scenario analysis, etc.) and instrument types (bonds, futures, swaps, etc.)</span></p></li><li><p><span>Strong technical and data analysis skills, with experience in Excel and python</span></p></li><li><p><span>Experience with Aladdin applications is a plus (Explore, Aladdin View, Portfolio Risk Tools, Portfolio Monitor, etc.) </span></p></li><li><p><span>Effective communication skills</span></p></li></ul><p></p> For New York, NY Only the salary range for this position is USD$105,000.00 - USD$137,500.00 . 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 <span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">performance. </span><p style="text-align:inherit"></p><p style="text-align:left"><b><span>Our benefits</span></b><br><br><span>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.</span></p><p style="text-align:inherit"></p><p style="text-align:inherit"></p><p style="text-align:left"><b>Our hybrid work model</b></p><p style="text-align:inherit"></p><p style="text-align:left">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.</p><p style="text-align:inherit"></p><p style="text-align:inherit"></p><p style="text-align:left"><b>About BlackRock</b></p><p style="text-align:inherit"></p><p style="text-align:left">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.</p><p style="text-align:inherit"></p><p style="text-align:left">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.</p><p style="text-align:inherit"></p><p style="text-align:left">For additional information on BlackRock, please visit <a href="http://careers.blackrock.com/" target="_blank" rel="noopener noreferrer"><span><span>@blackrock</span></span></a> | Twitter: <a href="https://twitter.com/blackrock" target="_blank" rel="noopener noreferrer">@blackrock</a> | LinkedIn: <a href="http://www.linkedin.com/company/blackrock" target="_blank" rel="noopener noreferrer"><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span class="WOR0"><span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">www.linkedin.com/company/blackrock</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></a></p><div><p style="text-align:inherit"></p></div><div><p style="text-align:inherit"></p></div><p style="text-align:inherit"></p><p style="text-align:left"><span>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 <span><span><span><span><span class="WOR0"><span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">identity/expression),</span></span></span></span></span></span> 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. <b>View the </b></span><b><a href="https://www.dol.gov/sites/dolgov/files/OFCCP/regs/compliance/posters/pdf/22-088_EEOC_KnowYourRights.pdf" target="_blank" rel="noopener noreferrer">EEOC’s Know Your Rights poster and its supplement</a></b><span><b> and the </b></span><b><a href="https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf" target="_blank" rel="noopener noreferrer">pay transparency statement</a><span>.</span></b></p><p style="text-align:inherit"><span> </span></p><p style="text-align:left"><span>BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable <span><span><span><span><span class="WOR0"><span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">accommodation/adjustments</span></span></span></span></span></span> are needed throughout the employment process, please email <a href="mailto:Disability.Assistance@blackrock.com" target="_blank" rel="noopener noreferrer"><span><span><span><span><span class="WOR0"><span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">Disability.Assistance@blackrock.com</span></span></span></span></span></span></a>. All requests are treated in line with our <a href="http://www.blackrock.com/corporate/compliance/privacy-policy#recruitment-privacy-notice" target="_blank" rel="noopener noreferrer"><b>privacy policy</b></a><a href="http://www.blackrock.com/corporate/compliance/privacy-policy#recruitment-privacy-notice" target="_blank" rel="noopener noreferrer">.</a></span></p><p style="text-align:inherit"></p>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.

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