Job Description
Associate Portfolio Management - Transition BlackRock Global Markets (BGM)
About this role
About Us
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.
BlackRock’s Transition Management team helps institutional clients restructure their investment portfolios acting as a bridge between their existing and desired allocations.
A transition can be anything from a manager change to a full-scale plan merger. We deliver a modern approach to project management portfolio risk management and trade execution to help clients reduce costs and minimize risk during periods of significant portfolio turnover. We deliver the best of BlackRock’s expertise in risk management trading and technology directly to clients.
Our team runs more than 200 transitions a year from offices in London New York San Francisco Tokyo and Hong Kong with a focus on large multi-asset portfolio restructures. We have over 50 transition professionals globally and offer one of the industry's most comprehensive transition management platforms. Our clients include central banks sovereign wealth funds public pension plans corporate retirement plans and other institutional investors.
Role and Responsibilities
We are looking for a portfolio manager to join our US transition management team. The Transition Portfolio Manager is one of two functions that co-own successful implementation of a client transition. Specifically they are responsible for the investment risk inherent in each transition. From crafting the trade strategy directly managing each portfolio's exposures and positions and serving as the client's go-to resource for understanding current market liquidity conditions active portfolio exposures and how these factors tie into the transition outcome.
You will partner closely with BlackRock’s equity fixed income and FX traders across all regions and develop expertise in these markets. We provide full service for clients from account set up to trade execution and performance attribution. As such this is an outstanding opportunity to gain exposure to every stage of the asset management business. Specifically you will:
Manage portfolio construction and positioning during live transition assignments. Preparing orders and sending them to our Global Trading team partnering with them to oversee execution and exposure management. This includes equities fixed income currency and futures/forwards.
Develop efficient trading and hedging strategies with detailed execution plans.
Prepare and present pre-trade analysis reports that clearly explain the proposed strategy and detail the expected transaction costs and risk.
Engage with clients throughout the course of a transition to communicate market conditions transition progress and portfolio performance.
Stay abreast of and research the applicability of new sophisticated trading mechanisms strategies risk tools and liquidity sources to help evolve our product.
About You
Ideally to be successful in this role you have:
2-5 years of experience in the Financial Services industry ideally with exposure to portfolio management transition management or trading across fixed income and / or equity markets.
Demonstrated understanding of portfolio construction and the quantitative concepts of risk and exposure and their application to portfolio management through optimization beta and FX hedging and risk and performance attribution.
Deep knowledge of transaction cost and portfolio risk analytics.
Excellent interpersonal skills and ability to work in a fast-paced team environment where there is a premium on collegiality.
Meticulous attention to detail with an ability to remain focused across a wide range of portfolio types and activities. Strong process awareness and ability to address operational risk issues.
Interest in crafting and delivering solutions directly to institutional investors
Experience leveraging generative AI preferred including prompt engineering to advance scalable analytics and streamline processes.
Familiarity with Python and SQL for automation reporting support and internal tool development is strongly preferred
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 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 and the pay transparency statement.
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 [email protected]. All requests are treated in line with our privacy policy.
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.Top Skills
What We Do
As the world’s largest asset manager BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement home ownership and their children’s education. Our clients range from governments foundations and other large institutions to those investing on behalf of individuals including firefighters nurses teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven focused on clients and risk management and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world Aladdin combines powerful analytics and a common language to help investment teams make faster more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions simplify complexity and deliver investment strategies that meet people where they are. Whether it’s retirement planning wealth building or navigating market shifts we’re here to help clients invest more easily more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people technology is irrelevant. When we combine the power of people with the power of technology we amplify our ability to create better outcomes for our employees clients shareholders and society alike.
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Date Posted
04/17/2026
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