BlackRock Returnship Program; Client Portfolio Solutions – Client Implementation & Investment Servicing | BlackRock in New York, New York
Returnship Program; Client Portfolio Solutions – Client Implementation & Investment Servicing | BlackRock
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Returnship Program; Client Portfolio Solutions – Client Implementation & Investment Servicing
New York, US
Analytics & Risk
BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients—period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.
That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges.
About this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental & quantitative active management approaches aimed at maximizing returns to highly efficient indexing strategies designed to give broad exposure to global capital markets. At BlackRock, we value diverse perspectives and experiences . As such, teams within our Investments business would like to invite experienced professionals who are looking to re-launch their careers after an extended absence from the workplace to participate in a paid 14-week pilot returnship.
This program is aimed to help participants renew their:
Experience through on-the-job learning
Exposure through networking and mentoring opportunities
Education through specific skill-based training
Whether this pilot returnship leads to a full-time career, or serves to sharpen the skills necessary to take the next step, it will be a valuable experience for participants to build their career portfolio.
Please note that while we hope to be able to offer the best performers opportunities to stay on full-time at BlackRock, participation in the pilot returnship does not guarantee a permanent position.
Team & Position Overview
Client Portfolio Solutions (CPS) is a BlackRock investment group focused on delivering whole-portfolio asset allocation and portfolio construction services and solutions to meet our clients’ growing demand for outcome-oriented investment solutions in the face of challenging markets, greater complexity and rising regulatory scrutiny.
CPS provides a single point-of-contact for custom portfolio construction, with individual Client Chief Investment Officers offering multi-asset expertise and owning the design, delivery and performance of custom portfolio solutions for our clients. These experts are segmented by client channels, including DC and Wealth Management Platforms, Pensions, Insurance, Foundations & Endowments, Family Office, Official Institutions and Multi-nationals. CPS is also organized into three major regions – Americas, EMEA and APAC – with teams responsible for qualifying client inquiries and identifying solutions that recognize the importance of understanding and addressing client needs and preferences through a local lens.
CPS brings together the best of BlackRock’s real-world investment expertise, premier asset allocation and macro research, and industry-leading risk analysis capabilities to offer our clients a holistic, differentiated portfolio construction experience. Our team is made up of experts in strategic asset allocation design who partner with investment professionals in Fixed Income, Active Equity, ETF and Index, Multi-Asset Strategies and Alternative asset classes to blend multiple sources of return to maximize long-term performance. We draw on the insights and thought leadership of our Portfolio Research Group, a dedicated capability within the BlackRock Investment Institute to provide clear, unified portfolio construction and asset allocation best practices for our investment teams and clients. And working with sales teams empowered to engage our clients on a whole-portfolio basis and leveraging our risk-management expertise, built around Aladdin’s industry-leading analytics, we are committed to setting a new standard of excellence in partnering with clients to achieve their outcomes.
Our important and fascinating work is at the very center of a quickly evolving asset management industry and embodies BlackRock’s strategic commitment to meet our clients’ evolving needs and expectations. We envision a bold and exciting future and invite you to join our team.
Client Portfolio Solutions is committed to attracting, developing and retaining a diverse and inclusive workforce regardless of race, national origin, gender identity/expression, sexual orientation, age, disability, marriage or civil partnership, or religion or belief. We are passionate about creating and promoting a diverse and inclusive environment where all employees are valued and respected. Consistent with our diverse client base, we recognize the benefit that diverse teams bring to the success of our business.
The Client Fulfilment team works within Client Portfolio Solutions to oversee and manage the implementation of Client Portfolio Solutions engagements and similar assignments. Rooted in BlackRock’s longstanding culture of objective problem-solving, the Client Fulfilment team collaborates across the firm to ensure an outstanding client experience and ensure consistency and best practice across the range of Client Portfolio Solutions’ services.
We are seeking a candidate to join the Client Fulfillment team in New York for a short term assignment focused on enhancing our client analytics and reporting. We are seeking someone, who is curious, innovative, challenges the status quo and a problem solver. During this project, the candidate will work to incorporate manager research and other industry analytics into our client reports.
Use technical skills to ensure the accuracy data sets, automate processes with scripts and macros and efficiently query information for reporting
Provide clients insights through portfolio analytics related to investment performance analysis and attribution
Review industry performance metrics and deliver additional analytical insights to our clients through optimized reporting and data visualization
Collaborate with BlackRock’s network of smart analytics and data teams to leverage the firm’s analytical and quantitative research capabilities
Participate in firm wide working groups to connect CPS initiatives with existing infrastructure and reporting tools (Next Gen, Aladdin for Wealth)
Skills and Qualifications
2+ years voluntary career break
7+ years’ experience in the financial services industry or relevant business management experience
Asset management or financial services experience, preferably across multiple asset classes and investment disciplines
Solid understanding of financial markets and investments (i.e. understanding of Fixed Income, Equities, Alternatives)
Knowledge of financial products in Fixed Income, Equities and Derivatives, and familiarity with Risk analytics such as Durations, Spread, Beta and VaR would be an advantage
Understanding of performance measures and / or prior experience with business modeling techniques and/or attribution tools
Ability to work with large data sets and experience in automation
Flexible, responsive and self-starting personality. Demonstrated experience working both independently and as part of a team in a highly collaborative, global environment
Knowledge of eVestment, Morningstar, Bloomberg, Tableau, VBA, SQL,and/or Python is an advantage
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock at https://twitter.com/blackrock | Blog: www.blackrockblog.com at https://www.blackrockblog.com/ | 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.
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.
Job requisition #
Our team delivers analytical insights to investment and risk professionals within BlackRock and to our Aladdin clients. We also provide oversight of our fiduciary and enterprise risks by developing and delivering risk management solutions and tailored advice.
BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer. 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 EEO is the Law poster here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf and its supplement here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf . The pay transparency policy is available here at https://www.dol.gov/ofccp/pdf/pay-transp_formattedESQA508c.pdf .
BlackRock is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to Disability.Assistance@blackrock.com and let us know the nature of your request and your contact information.