Investments

Positions available in all regions: Americas, Europe and Asia Pacific

Together, we help more and more people experience

financial well-being.
In particular, the Investments teams conduct market research and analyze
specific investment opportunities which meet client needs.

What business divisions sit within Investments?

Alternatives
Build alternative investment portfolios

Client Portfolio Solutions

Bring together our research, investment experience and technology to meet our clients
needs

Equities
Build equities investment portfolios to generate superior returns for clients

ETF & Index Investing

Develop, analyze and manage ETFs and Index Investments

Fixed Income
Build fixed income investment portfolios

Multi-Asset Strategies
Provide investment strategies and outcomes

Quantitative Investing
Research and develop quantitative models and strategies

Trading, Lending & Liquidity

Improve trading standards across asset classes

careers.blackrock.com
Alternatives
Positions available in: Americas, Europe, and Asia Pacific
As allocations grow, alternative investments play an increasingly critical role in portfolios. BlackRock offers access to a
broad spectrum of alternative investments in alternative solutions, hedge funds, credit, private equity, real estate and
infrastructure. Each business is responsible for strategic planning and oversight as well as investment management
activities.

Our business contains seven teams across three key areas:

Alternative Investment Strategies

Alternative Solutions Group Private Equity
Constructs and manages portfolios that invest across Delivers a broad array of private market solutions
core and emerging alternative asset classes on behalf through customized and commingled private equity
of some of the firm’s most sophisticated investors. We programs focused on investing in primary funds, direct
provide investors with a single point of access to co-investments and secondaries. We cover the
BlackRock’s wide-ranging Alternative investment and spectrum of private equity, from venture capital to
risk management capabilities. buyouts to distressed investments. We are dedicated to
the sourcing, selection, management, structuring,
BlackRock Alternative Advisors monitoring and administration of private equity
Provides custom hedge fund solutions and manages investments and partnerships.
hedge fund of funds portfolios. Our team invests in
external hedge funds and has deep experience in Real Assets
structuring and managing custom, co-investment and Includes both Real Estate investments and
commingled hedge fund of funds portfolios. Infrastructure investments. Real estate manages
investments across the four quadrants of the real
Credit estate market including private equity, private debt,
Manages private and public credit investments across public equity (REITS) and public debt, across all major
the full spectrum of risks, liquidity and geographies. real estate markets globally. Infrastructure manages
BlackRock has expertise in opportunistic and equity and debt infrastructure investments as well as
distressed debt, specialty finance, middle market fund of funds, providing investors with access to
investing, high yield, leverage loans and CLOs. The infrastructure assets with a fiduciary framework and
team is global with investment professionals in tailored investment solutions.
Americas, Europe, and Asia.

Distribution Sourcing & Financing

BlackRock Alternative Specialists BlackRock Private Capital Markets
A client-facing sales team that collaborates with A dedicated capital markets function for sourcing
investment groups across BlackRock Alternative private and illiquid investment opportunities with a
Investors and the firm’s relationship managers to focus on alternatives sourcing and deployment. We
deliver the breadth and depth of the Alternatives help banks, sponsors and other intermediates best
platform to our clients. They are tasked with delivering navigate the entire BlackRock platform by thoroughly
Alternatives-focused solutions that help to solve for our understanding potential investment opportunities,
client’s specific investment requirements. working with investment teams to execute transactions,
and managing relationships to build strong
connectivity between counterparties and BlackRock.

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Alternatives

Our team is known for:

• Offering clients access to a variety of investment options not generally available through traditional fixed income and
equity markets
• Highly regarded investment specialists armed with industry -leading information and insights, managing over +218
billion in client’s assets across 49 offices (as of March 2020)
• Bringing high-quality investments, no matter the market cycle

• Using the industry’s most sophisticated technology by combining the power of Aladdin’s risk analytics and eFront’s
private markets data platform to help ensure that risks are deliberate, and investors know what they own

• Putting sustainability at the center of how we invest to provide better risk-adjusted returns to our investors

We partner with:
• Internally: We work with Portfolio Managers, Institutional and Wealth Client Business, Operations & Technology,
Portfolio Analytics Group (PAG), Legal & Compliance, Business Operations, Internal Audit, and Finance

• Externally: We engage with Institutional and Retail Clients, Stakeholders and Board Representatives

What will you do as an analyst?

• Learn the basics of the investment process within Alternative investments and become an active participant

• Conduct analysis of returns/financial modeling and learn to identify drivers of return

• Partner with team members to perform risk analysis and investment research

• Develop a comprehensive understanding across all alternative asset classes and learn how Alternatives impact the rest
of a portfolio

• Acquire a deeper understanding of client needs to solve for clients ranging from large scale institutions to large private
clients

• Benefit from the resources of a world-class technology firm

What capabilities are we looking for?

• Analytical and numerical skills

• Communication and presentation skills

• Strong problem-solving skills and critical thinking

• Basic or intermediate coding and programming skills

• Team leadership and teamwork skills

• Innovative skills

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Client Portfolio Solutions
Positions are available in: Americas, Europe, and Asia Pacific
Do you have a zest for markets and for working across multiple asset classes? Are you searching for an exciting,
multifaceted early career opportunity with the world's largest asset manager? Client Portfolio Solutions is uniquely crafted
to deliver outstanding outcomes, better returns, increased convenience and improved transparency for our clients by
building investment quality, efficient portfolios, while prioritizing client engagement.

We deliver the outcomes our clients seek by embracing end-to-end partnership, improving diversified return drivers,
considering a whole portfolio approach, and fueling powerful insights through Aladdin technology. We are the investment
group at the heart of BlackRock’s portfolio construction and asset allocation ecosystem that brings together research,
investment experience, and technology to meet clients’ needs for whole-portfolio approaches.

Our business contains four teams:

Product Strategy Global Client Fulfilment

Wealth strategist are responsible for product Coordinates investment operations and client servicing
development and servicing new and existing products by owning client onboarding, mandate changes and
and clients collaboration with internal teams around the firm

Client CIO (Chief Investment Global Manager Research

Officer) Reviews performance and rates third-party managers
alongside internal BlackRock strategies to guide Client
Supervises investment performance and leads client
CIOs and Client Portfolio Solutions clients
relationship by constructing portfolios, handling risk
and hedging exposure in alignment with client’s
objectives

We partner with:
• Internally: Portfolio Managers, Risk Managers, Product Strategists, Portfolio Consultants, COOs of Investment teams,
and many others

• Externally: Aladdin client community

Our team is known for:

As the firm's newest investment function, the 140+ member team seeks to be strategic partner that enables clients focus on
portfolio decisions that matter most:

• Breadth of services: Ability to provide both asset management and advisory services (e.g., risk advice, asset allocation,
liability analysis)

• Broad approach: Solutions based on complete understanding of a client's needs and goals

• Investment excellence: Asset allocation, portfolio optimization, risk management and outsourcing implementation. All
work is grounded in Aladdin – whether it is a one-time advisory consultation, ongoing risk engagement, or managed total
portfolio solutions
• Depth of resources: Deep client segment expertise/experience combined with direct access to BlackRock’s vast pool of
intellectual resources and implementation tools

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Client Portfolio Solutions

What will you do as an analyst?

As the firm’s only investment team organized by client type, we envision a bold and exciting future and invite you to join ou r
team.

• Receive training in portfolio construction, portfolio analysis and risk management across the full range of asset classes
and strategies
• Prepare analysis that drives real decisions for diverse and sophisticated investors worldwide

• Support research and contribute to articles and white papers on relevant topics of interest

• Build strong relationships within Client Portfolio Solutions and with other investment professionals, client teams, and
leaders across the firm

What capabilities are we looking for?

• Ability to learn

• Analytical mindset

• Critical thinking

• Client service
• Collaborative demeanor

• Technical curiosity

• Basic or intermediate coding and programming skills

• Interest in research or portfolio management

• Interest in consulting with clients to help them achieve their goals

Your learning & development will include:

We encourage our analysts to be results-oriented and make an impact, while applying intellectual curiosity to solve tough
problems. We love innovating to deliver enhanced, technical solutions that meet our clients’ evolving needs.
As a new team member, you will have the opportunity to help us grow:

• Innovative solutions: We build data focused, custom investment solutions to tackle the sophisticated challenges of our
clients

• Uncompromising client service: We deliver an outstanding client experience through insightful perspectives based on
each client’s unique situation

• Tight-knit group culture: We are passionate about working in teams. Our engagements demand cross -functional
expertise that no one person can deliver alone

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Equities
Positions are available in: Americas, Europe, and Asia Pacific
The Equities division makes active decisions in the Equity market to generate superior returns for clients through
fundamental research into companies and consideration of the macroeconomic environment. We take multiple investment
approaches to manage portfolios across several different styles, geographies and capitalization ranges. We also find
opportunities to seek out inefficiencies in stock markets which can be identified and exploited by proprietary fundamental
research.

With over 250 investment professionals across the globe, the Active Equity platform is in a unique position to draw on
quantitative approaches and fundamental strategies to deliver alpha for our clients. Our teams are organized under a
specialist model, with 26 equity teams on 5 continents across 10 countries, all focused on generating alpha.

We are supported by dedicated business management and product strategy functions across investment groups, including
regional and functional leads to support the local execution of our global and regional business plans and priorities.

We partner with:
• Internally: We partner with Risk & Quantitative Analysis to understand the risk of our holdings and potential investment
ideas, with Product Strategy to help clients understand our strategies and portfolios, with Distribution channels (such as
Institutional Client Businesses, US Wealth Advisory, etc.) to deliver and market these solutions to clients, and lastly, with
Marketing to build our platform brand.

• Externally: We engage with management teams of companies we invest in to better understand their business structure
and long-term growth and value potential

What will you do as an analyst?

• Research and understand different sectors across equity markets, learning the key drivers and dynamics specific to each
sector
• Make active investment recommendations to portfolio managers covering a specific region or sector

• Participate in meetings with senior management at various external companies

What capabilities are we looking for?

• Analytical approach

• Critical thinking

• Distilling large amounts of data

• Problem solving
• Research skills

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ETF & Index Investing
Positions available in: Americas, Europe, and Asia Pacific
BlackRock is the largest exchange traded fund (ETF) and index investments provider. As a business, we develop, analyze,
and manage ETFs and Index Investments that track most major indices, providing clients with access to markets around
the world. In joining our team, you will be part of a fast-paced, market-centric, global business. Our team-based
atmosphere ensures constant teamwork, knowledge-building, and opportunities to connect with clients and partners
across regions and functions.

Our business contains seven teams:

Global Markets Sales
Helps our clients understand markets, trading, and Develops and manages client relationships with
best execution opportunities institutions, hedge funds, and insurers

Product Strategy
Develops and researches product opportunities and Researches and identifies new markets, segments, and
defines our product strategy product opportunities

Marketing Technology
Drives our brand strategy and distributes our client- Develops technology solutions to manage portfolios,
ready thought leadership build out investment platform, provide insights to
clients, and develop automated solutions for scale
Investment Management
Powers our portfolios and manages our investment
funds

We partner with:
• Internally: Colleagues from Sales, Product, and Strategy

• Externally: Some teams partner extensively with clients

What will you do as an analyst?

• Join daily market-related updates, learning about how our products trade and react to market events, and how clients
utilize ETF and Index strategies in their portfolios.
• Learn about our clients and their investment strategies. You may assist in guiding investors towards achieving their
unique investment goals using our technology and tools.

• Develop a deep foundation on our products and solutions. You will collaborate across multiple business functions to
learn the product life cycle and our strategies for continued growth.

What capabilities are we looking for?

• Resourcefulness

• Analytical approach

• Basic or intermediate coding and programming skills

• Critical thinking
• Presentation skills

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Fixed Income
Positions are available in: Americas, Europe, and Asia Pacific
Using credit, bonds, interest rates and foreign exchange, the Fixed Income team offers a variety of fixed income products
crafted to meet specific client risk and return profiles. We bring together distinct, yet complementary businesses under one
global structure.

With over 400 investment professionals across the Americas, APAC and EMEA, Global Fixed Income is in a unique position
to draw on a depth of expertise and experience to provide clients with the most comprehensive and diverse investment
strategies in the market today.

We are supported by dedicated business management and product strategy functions across investment groups, including
three regional leads to support the local execution of our global and regional business plans and priorities.

Our business contains three functional roles:

Portfolio Management Research

Manages client flows, constructs portfolios, monitors Responsible for analyzing the performance of
risk and hedge exposure to implement trading companies, industries and countries for Portfolio
strategies based on clients' needs and preferences Managers and clients

Product Strategy
Responsible for product development and servicing
new and existing products and clients

We partner with:
• Internally: Every team at the firm depending on the role

• Externally: Work extensively with external clients

Our team is known for:

• Market and investment expertise

• Specialized coverage of global fixed income markets

• Smart and experienced investment teams and complementary processes

• A culture of information sharing

• Portfolio construction and risk management skills

• State-of-the-art systems support

• An ability to speak professionally about portfolios and risk

• A great place to work and build a career

• Culture of excellence with clear accountability

• Challenging, fun learning environment

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Fixed Income

What will you do as an analyst?

• Provide daily support in the Fixed Income investment process

• Provide and analyze analytics and data for BlackRock to use internally when making investment decisions

• Generate financial models

• Analyze and research for existing and new Fixed Income clients
• Manage and amend client accounts as needed

• Undertake sector-based research

What capabilities are we looking for?

• Coding & programming skills: Python (required for Portfolio Management; preferred for other teams within Fixed
Income)
• Resourcefulness

• Analytical approach

• Critical thinking

• Distilling large amounts of data

• Research skills

• Technical curiosity

Your learning & development will include:

• Contributing to the work of the team and meeting members across various sectors within Fixed Income through
departmental meetings and group training sessions

• Access to senior leaders across Fixed Income

• Departmental investment strategy meetings and debrief sessions to ask questions in small group settings

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Multi-Asset Strategies
Positions are available in: Americas, Europe, and Asia Pacific
Do you have a zest for markets and for working across multiple asset classes? Are you searching for an exciting,
multifaceted early career opportunity with the world's largest asset manager? Our multi-asset solutions platform is crafted
to uniquely deliver outstanding outcomes, better returns, increased convenience and improved transparency for our clients
by navigating evolving markets, optimizing portfolios, and incorporating diversity of perspective.

We deliver the outcomes our clients seek by listening objectively, eliminating boundaries to improve investment
opportunities, embracing new ideas, and building innovative, flexible solutions for tomorrow's markets. Multi-Asset
Strategies encompasses a broad range of investment strategies all designed to deliver outcomes more consistently than
can be readily achieved through a single-asset class investment. The platform brings together over 30 years of expertise
and 240 investors across distinct investment teams to capitalize on multiple sources of return and target distinct
investment outcomes such as growth, income, absolute return and lifecycle investing.

BlackRock’s Multi-Asset Strategies eliminates traditional investment boundaries to deliver investment outcomes with more
precision:

• ‘Solutions first’ mentality: Multi-Asset offerings ensures that clients’ investment solutions are closely aligned against
individual goals and objectives

• Breadth of expertise: Dynamic investment processes draw on expertise in macro-economic research, data science,
asset allocation, factor investing, security selection and thematic investing

• Broad intelligence: Diversity of skill sets and perspectives provides a deeper understanding of sophisticated financial
markets and allows for more informed decision making in portfolios

• Culture of innovation: Proven history of adapting to quickly changing financial markets and helping clients tackle new
investment challenges through advances in portfolio construction and technology

Our business contains three functional roles:

Portfolio Management Research

Manages client flows, constructs portfolios, monitors Responsible for analyzing the performance of
risk and hedge exposure to implement trading companies, industries and countries for Portfolio
strategies based on clients' needs and preferences Managers and clients

Product Strategy
Responsible for product development and servicing
new and existing products and clients

Our business contains eight teams:

• Factor Based Strategies

• Diversified Strategies

• Income Strategies

• Global Tactical Asset Allocation

• LifePath Research

• Model Portfolio Solutions

• Multi-Asset Strategies Asia Pacific

• Private Investors

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Multi-Asset Strategies
We partner with:
• Internally: Aladdin and Risk and Quantitative Analysis (RQA) provide Multi-Asset Strategies the resources necessary to
create robust portfolios that seek to match clients’ desired outcomes. We also partner across the entire firm working with
investment professionals on other investment teams to incorporate their strategies into our portfolios and by
coordinating interactions between Portfolio Managers across our teams.

What will you do as an analyst?

• Develop a comprehensive understanding of asset classes, regions, sectors, industries, currencies and securities across
the Multi-Asset Strategies investment platform.
• Participate in the development and implementation of portfolio construction, risk analytics, strategy evaluation and
trading tools.
• Collaborate with team members across Multi-Asset Strategies and share insights and ideas that will drive investment
outcomes.

What capabilities are we looking for?

• Ability to learn

• Analytical mindset

• Critical thinking

• Client service
• Collaborative demeanor

• Technical curiosity

• Basic or intermediate coding and programming skills

• Interest in Research or Portfolio Management

• Interest in consulting with clients to help them achieve their goals

Your learning & development will include:

We encourage our analysts to build positive relationships and make an impact, while applying technical curiosity to solve
tough problems. All Multi-Asset Strategies are rooted in the platform’s unified core investment beliefs. We start by
understanding the client’s desired outcome, and then we deploy our Multi-Asset class approach, and risk-aware
capabilities. As a new team member, you will be exposed to:

• Blending fundamental and systematic research techniques to be able to broaden perspective and analyze the wealth of
information

• Exploring index, factor, and alpha building blocks in our quest for optimal portfolios

• Analyzing portfolios through a factor lens to better understand portfolio exposures

• Developing thematic investment views and then learning how we express those views across our portfolios, often across
multiple dimensions and asset classes

• Looking beyond conventional asset classes to deliver an outcome in a more consistent and risk -aware manner

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Quantitative Investing
Positions are available in: Americas and Europe
Quantitative investing roles involve conducting quantitative research, developing mathematical trading models and
strategies, establishing metrics for risk and performance, and developing software.

Our business contains two teams:

Systematic Active Equities Systematic Fixed Income

Systematic Active Equity is a groundbreaking Systematic Fixed Income is responsible for generating
quantitative investment team that applies the latest Big investment performance across a spectrum of
Data and Machine Learning techniques to the world of portfolios. Team members are researchers and portfolio
investing. To achieve superior outcomes for our clients managers who build quantitative models for a range of
including large institutional investors, retirement plans assets. Models are based on a variety of inputs and
of the world’s leading companies, and individual employ sophisticated financial theory, econometrics
investors saving for the future. We build constantly and computing techniques. The team continually
evolving models that capture the drivers of stock adapts the models to a constantly evolving investment
returns, from today’s trading activity or internet landscape.
searches to next year’s economic forecasts or long-
term demographic trends.

What capabilities are we looking for?

• Familiarity with natural language processing, machine learning, and/or artificial intelligence

• Strong programming skills, either from a data pipeline background (AWS, Hadoop, Spark, SQL), and/or statistical
analysis background (Python, R, Matlab, ML libraries)

• Analytical approach

• Distilling large amounts of data

• Numerical skills

• Problem solving

• Research skills

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Trading, Lending & Liquidity
Positions are available in: Americas, Europe, and Asia Pacific
The Trading, Lending & Liquidity groups were established with the goals of improving trading standards across asset
classes, streamlining and using counter-party relationships, attracting and retaining top trading talent in the industry, and
developing a “One BlackRock” culture for trading activities.

Our business contains five teams:

Global Trading Lending & Liquidity
Trading Securities Lending
Leverages deep market expertise and knowledge of Finds enhanced return for clients by lending out our
supply and demand factors to buy and sell securities to funds’ securities on a short-term basis for a fee that
deliver the best possible outcome for our clients improves the funds’ return. Borrows cash for some
of BlackRock’s portfolios so that they can get a
Global Capital Markets leveraged return
Actively seeks out opportunities for new debt and
equity issuances, so our Portfolio Managers get first Cash
access to new investment opportunities Provides access to liquidity directly to our clients by
investing in short duration, low risk assets to satisfy
Transition Management clients’ investment objective of stable returns and
Helps clients trade most efficiently when they are immediate access to their funds
changing their investment strategy or benchmark

Our team is known for:

• Trade execution: Finding the best prices in buying, selling, and lending securities

• Evolving to serve our clients: Using the firm’s scale to drive innovation in the capital markets, and implementing
technology solutions to better access supply in the markets

• Managing change: Efficiently handling changes in clients’ investment strategies in order to preserve performance

• Managing cash: Providing our clients with direct access to liquid cash when they need it

What will you do as an analyst?

• Partner with traders to execute trades

• Define execution strategies

• Analyze trading performance

• Provide quantitative and qualitative analysis on key strategic projects

• Work closely with internal and external strategic partners to inform changes in products, processes and technology

What capabilities are we looking for?

• Analytical approach

• Basic or intermediate coding and programming skills

• Distilling large amounts of data

• Outcome driven

• Technical curiosity

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