Portfolio Management

Focused portfolio management and proprietary research are the cornerstones of our investment philosophy, and portfolio construction is based on each team's market outlook.

BlackRock offers a range of investment products—equity, fixed income, liquidity and alternative investment—each managed by a dedicated investment team of portfolio managers, research analysts and traders. BlackRock's investment teams are staffed with professionals who have significant experience within their respective markets. Our portfolio teams manage assets for institutional and individual investors alike. Accordingly, all of our clients benefit from our portfolio management expertise and risk management analytics. There are a number of opportunities to join portfolio management from within BlackRock as it selects many of its members from various groups in the company.

All of our portfolio managers leverage the expertise of other investment teams through the strength of a shared research, trading and risk management platform. For example, Galileo™, part of our proprietary risk management system, provides company research and analysis through online access and formally integrates this information into our fixed income and equity portfolio management process. Our investment professionals benefit from the resources of a world-class firm that continually invests in its business and is differentiated by a team approach and integrated research and risk management.

Business Units

Equities — manages a full range of equity strategies that span the risk/return spectrum, along with several targeted opportunities in specific market sectors. More than 40 investment teams—consisting of portfolio managers, research analysts and traders—manage style-specific portfolios built on BlackRock company research in each major equity asset class.

Tax-Exempt Fixed Income — manages long-term and short-term municipal bonds; it is one of the largest managers of municipal assets. All portfolio management, research and trading activities within the firm's municipal bond business is overseen by BlackRock's Municipal Bond Management Committee, which includes six senior members of the tax-exempt team. Day-to-day activity is conducted by a dedicated portfolio management team of over 25 professionals, and is further supported by 12 municipal research analysts.

Taxable Fixed Income — offers an array of fixed income products designed to meet specific client risk and return profiles. Incorporating the expertise of BlackRock's sector specialists, each client portfolio is tailored to reflect specific investment guidelines and objectives with respect to interest rate exposure, sector allocation and credit quality.

Multi-Asset Portfolio Strategies (MAPS) — researches, develops, assembles and manages investment solutions involving multiple strategies and asset classes, while also providing strategic investment advice and analytical expertise around risk budgeting, benchmarking, regulatory issues, capital efficiency and fiduciary advice. The MAPS team consists of over 50 portfolio managers, quantitative analysts, economists and actuaries.

Risk & Quantitative Analysis (RQA) — performs the independent risk management activities and quantitative analysis functions at BlackRock. RQA is responsible for: a) ensuring risk management tools are available and develops custom risk management solutions as markets evolve and monitor existing analytics for accuracy, b) helping investment teams comprehend and manage risk in BlackRock investment portfolios, c) conducting extensive performance analysis and attribution to identify aspects of investment strategies that enhance and detract from performance, d) Perform independent, firm wide risk oversight to monitor and manage the counterparty risks of BlackRock's investment business and to measure the operational risks of BlackRock's investment business. Lastly, RQA partners with BlackRock  Solutions to create state-of-the-practice risk analytics that are relevant and useful.

Cash Management — BlackRock is one of the world's largest managers of liquidity portfolios. Our clients include a broad array of individual investors and institutions in the U.S. and the rest of the world. BlackRock's cash management products range from traditional money market funds and other commingled vehicles, to tailored separately managed accounts. From pure cash out to Libor mandates, we manage cash in a wide variety of currencies. As cash managers, we favor a conservative approach that includes an unwavering focus on credit quality, detailed analysis and risk management. Our dedicated team of cash portfolio managers make issue selection, duration, yield curve management and sector allocation decisions as part of the firm's Liquidity Investment Strategy Committee and in concert with the broader fixed income strategy of the firm.

Qualities of a Portfolio Management Group Candidate

• A passion for the markets and investing
• Ability to operate in a team-oriented and collaborative environment
• Excellent analytical, communication and interpersonal skills
• Self-motivated, flexible and adaptable in an ever-changing environment
• Exercises good judgment coupled with the ability to make decisions quickly
• Possesses an affinity for intelligent risk taking
• Ability to produce high-quality, detail-oriented work

Portfolio Management Group Analyst Program

PMG is the core of BlackRock's premier, global investment management expertise. As an analyst on the team, your responsibilities may include:

• Support in the creation, production and delivery of risk management reports
• Help portfolio managers to apply proprietary techniques for portfolio construction and alpha generation
• Maintain general sector allocations and consistency with the group's portfolio strategy
• Handle client inquiries by providing a professional investment experience and resolving account-related issues accurately
• Work closely with the Account Management Group in coordinating client requests, general portfolio investment strategy and daily investment activities

BlackRock is proud to be an E-Verify & Equal Opportunity/Affirmative Action Employer -- M/F/D/V.