About this role
Team Overview
BlackRock SMA Solutions helps clients customize portfolios for unique tax, values-alignment, or investment exposures across direct indexing, fixed income, active equity, and multi-asset. We deliver world-class service to all of our clients, from wirehouses and wealth advisors to family offices to endowments and foundations.
About This Role
We are looking for an equity trader to join our portfolio management team in a rapidly growing division of BlackRock. Working closely with 30+ quantitative portfolio managers, our portfolio trading team provides critical portfolio implementation support by executing high volumes of institutional and retail equity orders for custom-indexed separately managed accounts. We are heavily focused on domestic cash equities, along with a broad range of global instruments including ETFs, ADRs (listed and OTC), Foreign Equities, and limited Fixed Income instruments. You will be responsible for the full lifecycle of trading, including trading strategy development, execution, OMS/EMS infrastructure enhancements, manual processes, and transaction cost analysis.
Ideal candidates have strong electronic trading systems and global operations experience, expertise in capital markets, with proven project-management and systems implementation skills. Experience working closely with technology infrastructure support teams to support global trading systems is critical. The role requires strong problem-solving and decision-making skills, attention to detail, clear communication and technical skills, and ability to cope effectively when stressed by multiple critical demands with focus and grace.
As a senior member of the team, you will be expected to demonstrate strong leadership, elevated responsibility, silo-busting collaboration, desire to mentor and support colleagues. We work towards perfection, accept failure gracefully, and strive to grow together through constant learning and knowledge sharing.
Key Responsibilities
· Using OMS/EMS systems to implement high volumes of US and global equity trades via retail and institutional brokerage desks, block desks, algos, SORs, etc.
· Take leadership on projects to increase scale and streamline existing trading systems, develop & deploy new or enhanced capabilities for rapid growth
· Collaborate closely with PMs, Operations, Client Onboarding and Sales teams as a critical part of the holistic investment management and trading lifecycle
· Ensure external and internal regulatory and policy compliance
· Stay up to date with market trends and regulatory changes
· Provide best-execution and TCA analysis
· Deploy new processes to increase scale and improve systems resilience
· Develop tools and capabilities to reduce manual processes and mitigate risk
Desired Skills
· Investment/Trading Operations experience is highly valued, e.g. corporate actions, settlements, messaging infrastructure (FIX, SWIFT, etc)
· Experience with Order/Execution Management Systems (OMS/EMS)
· Programming/automation/scripting skills are a plus (Python, SQL, etc)
· Excellent quantitative, analytical, & problem-solving skills
· Organized and highly detailed
· Excellent internal/external communication skills
· Experience in risk-critical roles with proven abilities to triage urgent demands
· Capital markets and data terminal experience (Bloomberg, FactSet, etc)
· Proven leadership, project management, and implementation skills
· A supportive team-building and collaborative ethos
· Familiarity with statistics and mean-variance portfolio optimization concepts are a plus
Qualifications
· 2-8 years of relevant global algorithmic equity trading or electronic trading systems experience preferred
· 3+ years experience in capital markets, trading & operations, PM, or similar roles
· BA/BS Required
For California only the salary range for this position is $137,500 - $194,000. 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.
