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VP - Custom Models Solutions, Portfolio Manager
VP - Custom Models Solutions, Portfolio Manager-November 2024
San Francisco
Nov 2, 2024
ABOUT BLACKROCK
BlackRock is a global investment manager and a leading provider of financial technology.
10,000+ employees
Financial Services, Technology
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About VP - Custom Models Solutions, Portfolio Manager

  Description

  About this role

  BlackRock's Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. MASS draws on the full toolkit of index, factor, and alpha-seeking investment capabilities to deliver precise investment outcomes and innovative alpha insights. Our team of 350+ multi-asset investment professionals construct active asset allocation strategies and whole portfolio solutions across a wide spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions in the wealth and institutional channels. Currently, MASS handles over $900 billion in assets and has a strong presence in the Americas, EMEA and throughout Asia Pacific.

  This role will be a key member of the BlackRock Multi-Asset Strategies & Solutions - Custom Models Solutions team. The team works alongside alpha Portfolio Managers and focuses on commercializing model portfolios for Financial Advisors and their clients.

  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 simplicity, clarity, cost efficiency, and goals-based financial planning, the Custom Models Solution Business (CMS) is uniquely positioned to support advisors and accelerate the adoption of model portfolios.

  Through CMS, advisors can tap into BlackRock's industry leading model portfolio investment framework to build a differentiated suite of custom model portfolios tailored to the needs of their business.

  This role is an opportunity to join a high growth, multi-billion-dollar business and a dynamic team in a fast-evolving market! It will require a strong combination of leadership, investment, and client interpersonal skills.

  As a CMS Client PM you will be encouraged to:

  Construct model portfolios:

  Design custom model portfolios for specific wealth management clients that marry the client's customization requests with BlackRock's investment view, as defined by the Model Portfolio Solutions and Multi-Asset Income teams.Define and maintain portfolio transformation/optimization rules using Blackrock's portfolio construction tools.Work closely with the portfolio management research teams, bringing to bear their systematic investment and market insights.

  Support clients and sales

  In close partnership with USWA Market Teams, deliver the CMS value proposition to clients - position resources, capabilities, and services to increase demand.Drive in new business engagements and service existing client relationships by delivering BlackRock's best thinking on ongoing basis.Build strong relationships with sales, distribution partners and advisory clients to deliver commercial results aligned with business objectives.

  Manage projects to drive growth and scale the business:

  Support critical initiatives to scale the CMS business and its integration across MASS and other parts of the firm.Think creatively about ways to improve the CMS operating model and deliver on automation and scale-oriented projects to support the business's growth objectives and risk mitigation.

  Qualifications/Skills

  BA/BS required. Advanced Degree / CFA / CAIA / CFP, or progress towards, is strongly preferredA minimum of 5 years of investment or asset management experienceClient facing experience in building advisor portfoliosCombination of investment, analytical, technical and client skillsStudent of the markets with fluid understanding of financial markets, portfolio construction and analysisEntrepreneurial and innovative with a sense of ownership and keen sense to build a businessStrong organizational skills with attention to detail and processCollegial demeanor and eagerness to partner with numerous teams across MASS and the broader firm

  For California only the salary range for this position is $156,750 - $205,000. 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 | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

  BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

  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.

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