Associate, Portfolio Management - ETF and Index Investments

London, United Kingdom
15 Sep 2022
01 Oct 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

The Transition Management team helps clients to restructure their investment portfolios. The business delivers both project and risk management to our clients to reduce costs and risks when undergoing large changes to their portfolio allocations.

BlackRock's Transition Management team manages more than 300 transitions a year from offices in London, Budapest, New York, San Francisco, Tokyo, Singapore and Hong Kong. This global team, consisting of over 60 professionals, offers one of the industry's most comprehensive transition management platforms.

We partner with clients by understanding their objectives, creating custom solutions, and implementing trading strategies to achieve their goals. Our clients include central banks, sovereign wealth funds, public and corporate pension plans, asset managers and other institutional investors.

The Role

Transition Management is a high trust product where clients delegate a significant proportion of their assets to BlackRock for a short period of time. The ideal candidate would enjoy problem solving and would need to analyse, interpret, and articulate complex multi-dimensional scenarios.

The diversity of transactions, breadth of asset classes and access to a large pool of intellectual capital translates into a position where no two days are the same. The role will involve managing portfolio restructurings for institutional clients and working within a multi-asset class environment across a range of financial instruments.

The successful candidate will need to communicate effectively and foster productive working relationships with individuals at all levels, both internally and externally. Team members collectively own their successes and failures and are part of an environment where there is a strong commitment to develop and grow careers, with a focus on passion and excellence. An appetite to learn is a must. Attention to detail, personal service and technical knowledge are at the core of the skills required to be a successful member of the team.

Key responsibilities
  • Developing a detailed understanding of the client's exposures
  • Identifying, understanding, and mitigating all forms of cost and risk during the transition
  • Defining and owning an optimal execution strategy for a client portfolio
  • Management of the client's assets during the transition phase
  • Communicating orders and overseeing the execution of the trading strategy
  • Establishing strong relationships with the equity, fixed income and FX trading desks
  • Creating and communicating transition plans to the client both verbally and through the creation of custom pre- and post-trade analysis reports

Skills and competencies required
  • Minimum 2-3 years of experience in portfolio management or related role such as portfolio construction, risk management, compliance and operations, technology or trading
  • Degree or higher level education, preferably in a quantitative subject
  • An interest in capital markets and portfolio management
  • Motivated to drive projects forward
  • Ability to multi-task and prioritize tasks in a demanding and fast-paced environment
  • High level of proficiency in excel, programming languages (e.g. VBA & Python) a plus
  • Good communicator. European language skills a strong plus
  • Reliable and trusted teammate with strong integrity and ethics
  • Emotional ownership, high energy, curious, diligent and attention to details are critical to succeed
  • Self-motivated, confident and proactive problem solver with a positive "can-do" attitude

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 pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.

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