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BlackRock Associate, Product Innovation - Complex Products in San Francisco, California

About this role

About this role

ETFs continue to have significant growth opportunities ahead, with huge potential to convert new users, deepen use by existing users and develop entirely new uses and applications. BlackRock provides a range of products that span broad portfolio building blocks to more sophisticated investment strategies, and we are continually looking for new and innovative ways to give clients access to different types of investments and to help them construct portfolios. BlackRock currently has approximately $2.9 trillion in assets under management in ETFs in the U.S.

Complex Products is a top strategic priority for BlackRock and is one of the fastest-growing ETF categories in the industry. The BlackRock Complex Products platform includes Alternatives, Outcomes, Thematics, and Factors ETFs.

This role reports to the head of U.S. Product Innovation and will primarily focus on the research and development of new complex products as well as the enhancement of existing products. This role will work closely with other members of the U.S. Product Innovation team and partners globally across Global Product Solutions, BlackRock Global Markets, Global Client Business, and Portfolio Management Group.

Key responsibilities include:

  • Product research and development

  • Research and develop new Complex Product ETFs and evolve existing product offerings in the US

  • Areas of focus will include Alternatives (including Commodities, Real Estate, Hedge Fund Strategies, Private Markets, Digital Assets) and Options-based Strategies

  • Develop new ETF construction methodologies and portfolios.

  • Conduct analysis on portfolio holdings, performance and risk metrics, and liquidity and capacity to inform product design decisions

  • Run bespoke backtests, portfolio construction, scenario analyses, option pricing, and forward-looking simulations

  • Execute new product launches and enhancements by working with portfolio management, trading, capital markets, tax, legal, and compliance teams, as well as 3rd party index providers

  • Conduct industry research and monitor competitor funds and filings to support the evaluation, prioritization, and development of new products

  • New products education and commercialization

  • Develop educational content on new product designs and enhancements, product framework, portfolio use cases, and competitive analysis

  • Create new website and analytical tools to inform clients of their performance and risk metrics

  • Deliver deep product knowledge and technical expertise on new products and competitors across the organization, in meetings and presentations

  • Work with distribution partners to commercialize our new launches and identify market opportunities for new products

  • Provide general support to broader Product Innovation initiatives

Qualifications and experience

  • 3-5 years of relevant industry experience. The ideal candidate will have experience in financial markets in a relevant capacity (investments, research, trading, structuring, financial engineering, consulting)

  • BA/BS required. Major in a quantitative field such as economics, finance, engineering or science a plus. CFA (or progress towards) a plus

  • Strong analytical skills and intellectual curiosity. Experience with financial data analysis and portfolio construction a plus

  • Interest in complex investment strategies and ETFs

  • Experience with derivative instruments, including options, futures, and swaps a plus

  • Ability to work well across investment, client-facing, and product implementation teams and external partners (3rd party index providers, sell side researcher, industry experts)

  • Proficient in Microsoft Office Suite. Experience with Bloomberg, Morningstar Direct, and FactSet a plus. Ability to code in Python, Matlab or R a plus

For New York City and California only the salary range for this position is $105,000 - $137,500. 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.

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.

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