Associate, US iShares Product Innovation

About this role

About this role

Exchange-traded funds (ETFs) are one of the most dynamic and rapidly evolving segments of the investment management industry, with ongoing opportunities to attract new investors, deepen engagement among existing clients, and enable new portfolio use cases and investment approaches. BlackRock is an industry leader in ETFs, with approximately $4.0 trillion in assets under management in ETFs in the U.S., and we remain committed to advancing product innovation at a high-quality that delivers differentiated access, strategic solutions, and meaningful client outcomes.

BlackRock’s U.S. Product Innovation Team drives the research, design, and development of new ETF products and the continuous enhancement of our existing suite. This includes identifying and evaluating emerging market trends and client needs, conducting competitive and quantitative analysis, and working across internal and external stakeholders to translate insight into scalable product solutions. This position reports to a senior leader on the U.S. Product Innovation team and will play a central role in advancing the development pipeline for ETF products. Responsibilities include generating and evaluating new product ideas, conducting market, competitive, and client research, and participating in cross-functional initiatives to support product launches and ongoing refinements. The role will partner closely with teams across Global Product Solutions, Portfolio Management, Distribution, Legal and Compliance, and other stakeholders to bring innovative concepts from ideation through implementation, ensuring alignment with business priorities, regulatory requirements, and client expectations.

Key responsibilities include:

• Support the research, design, and development of new ETF products across multiple asset classes and strategies, including Fixed Income, Digital Assets, Outcomes, and Equities.

• Develop and evaluate ETF construction methodologies, portfolio frameworks, and investment approaches to inform new product launches and enhancements.

• Perform quantitative analysis of portfolio performance, risk, liquidity, and capacity, including bespoke backtesting, scenario analysis, and forward-looking simulations.

• Partner with portfolio management, trading, capital markets, legal, compliance, tax, and third-party index providers to execute product launches and enhancements.

• Conduct market and competitive research to support product prioritization and identify emerging client needs and opportunities.

• Contribute to product education and commercialization efforts by developing materials and analytical tools that communicate product design, use cases, and competitive positioning.

• Serve as a subject-matter resource on new products and competitive offerings, supporting internal stakeholders and distribution partners.

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

• 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 San Francisco, CA and New York, NY Only the salary range for this position is USD$110,000.00 - USD$150,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

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.