About this role
About BlackRock Global Markets
BlackRock Global Markets and Index Investments (BGM) brings together BlackRock’s Index Investments, Cash Management, Securities Lending and Financing, Global Trading, ETF Markets, Liquid Origination, and Markets Relationship Management businesses. Together, we serve clients at scale through:
Delivering performance and risk management
Technology at the heart of our processes, with in-business tech teams that create cutting-edge IP, providing an advantage in quality, scale, and risk control
A focus on transforming markets, driving and advocating for more accessible, resilient, and transparent markets to deliver more choice and lower costs for investors
World class talent, operating at the intersection of investment insight, markets expertise, risk management and process design
Job Purpose/Background:
Global Active ETF assets are projected to triple to $4.2 trillion by 2030. As investor demand accelerates, BlackRock Global Markets (BGM) is investing in next-generation capabilities for our Active ETF franchise.
BlackRock Active ETF Solutions (BAES) is a technology-driven team, responsible for building the firm’s primary market platform for Active ETFs. The team designs operating models and tools that enable seamless interaction between BlackRock’s Active ETFs and the broader ETF ecosystem. This team serves as a hub to centrally manage active ETF primary markets investment processes at scale.
Our mission is to partner across BlackRock to:
Enhance liquidity and access for clients through scalable technology and data-driven processes
Increase resilience and operational efficiency across primary markets
Improve tax efficiency and deliver better outcomes for Active ETF investors
The Role:
We are seeking an Active ETF Portfolio Management Solutions Architect to design, develop, and implement technology, algorithms, and investment processes that power primary market trading (Creations & Redemptions) for Active ETFs.
Successful candidates will be familiar with diverse investment strategies and possess strong technical capabilities, allowing them to develop robust prototypes to improve the PM create / redeem process. In this role they will have the opportunity to partner with various PM and Technology teams to guide the integration of these prototypes into their workflows and evolve them into production components built into core BlackRock technology.
Key Responsibilities:
Design, build, and manage ETF primary platform technology and infrastructure
Architect scalable active ETF investment processes across a variety of investment teams
Design, build, and implement algorithms spanning research, pre-trade analytics, portfolio construction, workflow automation, and investment controls
Develop both prototype and production tools
Develop reporting methods & analytics on new tools to ensure improvements can be measured
Collaborate with BGM Architecture teams to build common libraries and components
Partner with PMs to integrate primary platform capabilities into daily processes and continually refine them
Partner with Product Engineering to ensure primary platform supports product commercial outcomes
Partner with Capital Markets to ensure primary platform supports Liquidity Provider operating models and enhances fund market quality
Partner with Aladdin Financial Engineering to design and implement predictive analytics and optimization-based solutions
Partner with BlackRock Technology teams to continue to develop the core “Algo Platform”
Qualifications:
Strong quantitative background (at least BA/BS in Math/Science/Engineering/Computer Science)
Development expertise in Python
Deep understanding of Active Investment Processes (Research and Portfolio Management) across sectors or asset classes
Working knowledge of Fixed Income markets or Equity markets
Working knowledge of the ETF as an investment vehicle
Familiarity across a range of funds and investment styles (index/active,…