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Institutional Client Business Summer Associate

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BlackRock

BlackRock

Institutional Client Business Summer Associate

New York, NY
Internship
Paid
  • Responsibilities

    Together, we help more and more people experience financial well-being. In particular, Institutional Client Business (ICB) collaborates with teams across BlackRock – including iShares, Risk Advisory, and Fixed Income, Equity, Alternatives, and Multi-Asset investment teams – to deliver the breadth and depth of BlackRock’s platform to institutional clients.

    What does our business do?

    • Create, communicate, and deliver thoughtful investment solutions to clients globally
    • Build and maintain client relationships
    • Work closely with professionals across BlackRock to provide world-class service
    • Develop and deliver sophisticated investment products and solutions
    • Serve a diverse base of institutional clients, including pension plans, insurance companies, consultants, endowments, foundations, charities, corporations, official institutions, banks

    Our team is known for:

    • Client Focus: Delivering a consistent and superior client experience based on understanding each client’s situation, needs, and concerns
    • Strategic Execution: Capitalizing on market opportunities through strategic client segmentation and effective time and budget management
    • Project Management: Overseeing the implementation of client requests from onboarding to maintaining client accounts
    • Strategic Product Partnership: Client-centric product development and range management, connecting investment teams and clients businesses across asset classes

    We partner with:

    Internally:

    • Product Strategy: To develop and deliver client centric solutions
    • Legal and Compliance: To seamlessly execute client request and onboard clients
    • Marketing: To bring the best of BlackRock's thought leadership to clients
    • Client Experience Management: To ensure an excellent client experience in every interaction they have with BlackRock

    Externally:

    • Clients: To understand their needs, and connect them with solutions
    • Consultants: To support our mutual clients

    What will you do as a Summer Associate?

    • Serve as the primary day-to-day contact for sales, service, and communication to clients, consultants, and intermediaries
    • Support the development of distribution strategy, including product, segment and market perspectives
    • Collaborate with senior relationship managers to deliver
    • BlackRock investment expertise and innovative solutions across all asset classes to clients
    • Support Relationship Managers with all on-going sales, service and communication with clients and prospects
    • Develop asset class fluency across BlackRock's product range - including fixed income, equity, hedge funds, real assets, private equity and private credit
    • Cultivate strong relationships with clients becoming the "go-to" person for account specific information, which can include security level (bonds, stocks, derivatives) information, portfolio investment performance, investment guideline compliance, clarifications and modification, cash inflows and redemptions
    • Interface with portfolio managers, investment product specialists, compliance officers, consultant relations staff, operations and portfolio administration personnel, to organize client meetings and coordinate presentation material content
    • Use BlackRock's proprietary systems to gather security, capital market and economic data to create a range of presentation materials including portfolio review books, Board presentations and marketing materials
  • Qualifications

    What capabilities are we looking for?

    • 1 - 3 years experience with institutional or ultra-HNW investors. Foundations of strong industry and investment knowledge.
    • Beginning knowledge across a wide range of traditional and alternative Investment products
    • Has, or is willing to obtain, the series 7, 63, and 3 licenses
    • Self-managed, highly driven by relationship management and revenue generation
    • Proven intellectual ability and interpersonal skills; able to establish credibility with and influence the institutional investor community.
    • Highly effective in forging working relationships with team members and business counterparts.
    • Excellent verbal, written communication and presentation skills
    • Strong time management, organizational and problem-solving skills
    • Strong professional and personal integrity
    • CFA preferred

    Application Information

    Within your application, you will have the option to apply for up to two business divisions within the Summer Associate Program. To apply for Institutional Client Business, please select Sales & Relationship Management – Institutional Client Business. Positions available in New York. We look forward to reviewing your application!

    NOTICE:

    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.

    For CA Residents:

    We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.

    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.

  • Industry
    Financial Services
  • Fun Fact
    We offer a fun, entrepreneurial culture you wouldn’t typically find at a financial services company. You can even wear jeans to work!
  • About Us

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.