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Associate, Portfolio Engineering Algo Execution

Employer
BlackRock
Location
Hong Kong
Salary
Competitive
Closing date
22 Apr 2024

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Job Details

Description

About this role

BlackRock's Global Markets & Index Investments ("BGM") manages more than $5.3 trillion in global passive equity assets across Global Developed Markets, Emerging Markets, Commodities and REITs. The group offers passive equity investors one of the industry's broadest arrays of investment choices, including ETFs (iShares), commingled funds, mutual funds, and separate accounts. Our clients include corporate pension plans, public pension plans, central banks, sovereign wealth funds and other institutional investors.

The Index Equity Process and Platform team within BGM has embarked on a mission to build scale and efficiency in the investment process by means of algorithmic automation. As we automate critical business functions and investment decisions across our book of business, we must have a robust framework for ensuring algorithmic outcomes are monitored for quality and enable scale to our business. The team is comprised of people that are passionate about the intersection of technology and finance, motivated by the opportunity to be hands-on with new technologies, and interested in developing a deeper understanding of investing and the value BGM delivers to our clients through our investment products.

Your role and impact

As part of our team, you will help to define and implement a robust Algo oversight function, with a particular focus on our Asia book of business. You will be responsible for ensuring that our automated investment Algos are seamlessly integrated and minimize operational risk. As such, you will become a specialist in the role that automation can play within the investment process and interact with colleagues globally, with established Algo processes in the Americas and Europe.

Your responsibilities
  • Monitor Algo processes for data exceptions, understand their impact to business deadlines, and proactively alert Portfolio Managers (PM) and Portfolio Algo Engineers (PAE) of resulting algo delays
  • Provide 1st line technical support/root-cause investigation for Algo errors, escalate and communicate such issues
  • Manage and coordinate enhancements made by PAE to our Algos and changes made by our technology partners to Algo Platform components
  • Drive the design of Algo monitoring tools and implement bespoke scripts and visualization dashboards to provide holistic oversight of all Algo activity
  • Create and monitor Algo performance, quality, and usage metrics to provide data-driven insights and analytics
  • Collaborate with PMs to integrate Algos into the investment process and support the evolution of the Index Equity workflow
You have...
  • Bachelor's or Master's degree in a quantitative field
  • Excellent analytical, mathematical, and problem-solving skills
  • Ability to work independently and efficiently in a fast-paced environment
  • Capacity to perform diverse and complex tasks with accuracy and attention to detail
  • Strong verbal and written communications skills, ability to effectively translate complex processes to PMs and communicate cross-functionally with business partners
  • Proven ability in technical root-cause diagnosis and speedy remediation of incidents in large organizations
  • Passion for technology within a finance context and appetite for learning

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 Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

Job requisition #

R241332

Company

About Us

BlackRock’s purpose is to help more and more people experience financial well-being. We serve pension plans providing for nurses, teachers, firefighters, law enforcement and other public and private sector workers, individual investors investing for their own retirement, and institutions such as governments, foundations and insurance companies. Clients turn to BlackRock for the innovative solutions they need when planning for their most important goals. We are passionate about helping those we serve build a strong financial future, so we seek out a diverse range of perspectives and talents to solve their most complex challenges.

While our firm has offices across more than 30 countries, we operate as "One BlackRock:” our people thrive on collaboration, mutual trust and respect, and we inspire each other to collectively raise our game. BlackRock is dedicated to its principles, which include a culture of equity and inclusion, where employees can bring their full selves to every conversation, every day.

Our employee networks

Our global networks are dynamic communities built on shared experiences, intersectionality and allyship. They are culture carriers for the firm, offering employees and allies the opportunity to enhance and shape the inclusive culture to which we aspire. Employee networks are sponsored by senior leaders and are proudly designed by employees, for employees.

The Ability & Allies Network (ABN) provides a sense of community, advocacy, resources and support for all types of disability-related issues within the firm.

Awards:

2022 Disability:IN Disability Equality Index

BlackRock was recognised as one of the Best Places to Work for Disability Inclusion after scoring 100% on the Disability Equality Index. The index is a joint initiative between the American Association of People with Disabilities and Disability:IN. that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality.

Glassdoor Best Places to Work 2022 – US & UK

This recognition is a result of the feedback provided by current and former colleagues about their experiences working at BlackRock. Ranking #72 in the US and #12 in the UK.

#1 Capital Markets Industry 2023

BlackRock was named one of America’s Most JUST Companies for the 3rd consecutive year, according to Forbes and JUST Capital. We ranked #1 in the Capital Markets industry. The 2023 list of America’s Most JUST Companies celebrates U.S. corporations that outperform their peers in the Russell 1000 on the priorities of the American people – including issues like fair pay, ethical leadership, good benefits and work-life balance, equal opportunity, customer treatment and privacy, community support, environmental impact, and delivering shareholder return. By balancing the needs of all stakeholders, JUST 100 companies demonstrate that profits and purpose can go hand in hand.

 

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