Associate, Investment Product Strategy - Transition Management · BlackRock

Fri, 24 Apr 2026 14:12:25 GMT
Finance

BlackRock · London · hybrid

About this role

We are seeking an Associate, Investment Product Strategy - Transition Management to join our team in London or Budapest. The successful candidate will be responsible for managing portfolio transitions and restructurings end-to-end, including designing and owning detailed transition and execution plans.

Business Unit Overview

BlackRock's Transition Management (TRIM) team manages over 300 transitions a year from hubs in London, Budapest, New York, San Francisco, Tokyo, Singapore, and Hong Kong across equity, fixed income, and multi-asset transitions. Our clients include many of the largest asset owners globally, including central banks, sovereign wealth funds, public and corporate pension plans, and other institutional investors.

Role Overview

Transition Management is a high-trust activity where clients and internal platforms entrust BlackRock with the reorganisation of significant portfolios. The Transition Manager is accountable for planning, structuring, and delivering portfolio transitions and restructurings end-to-end, with a strong focus on cost efficiency, risk control, and execution quality.

Key Responsibilities

Scope, structure, and manage portfolio transitions and restructurings end-to-end, including designing and owning detailed transition and execution plans covering sequencing, governance, and control considerations

Coordinate and communicate effectively with internal and external stakeholders across investment, trading, operations, and clients, including escalation of issues and framing of decisions where required

Identify, assess, and mitigate market, execution, operational, and process risks throughout the transition lifecycle

Develop a deep understanding of portfolio exposures, execution approaches, operational dependencies, and risk tradeoffs

Design, implement, and monitor detailed operating and execution models appropriate to the complexity of each transition

Support Internal Transition Management (iTRIM) activity, including internal and in-specie restructurings, with a strong focus on governance, coordination, and execution oversight

Partner with Transition Portfolio Managers to align transition infrastructure, risk controls, and stakeholder arrangements to the agreed trading and execution strategy

Contribute to the ongoing development and improvement of transition processes, controls, and working practices

Skills and Capabilities

Ability to represent the transition confidently with clients, including leading discussions, managing expectations, and addressing issues or changes in a clear and pragmatic manner

Ability to influence and align stakeholders to achieve objectives in complex environments, including situations without direct authority or formal control

Strong project ownership skills with the ability to drive complex, multi-stakeholder initiatives end-to-end

Solid understanding of capital markets, financial instruments, and portfolio structures

Ability to operate across complex, multi-team operating models, applying strong analytical skills and sound judgment to navigate ambiguity, assess tradeoffs, and support decision-making

Clear and effective written and verbal communication skills, with the ability to explain complex topics in a practical way

Comfort operating in fast-paced environments with competing priorities

Proficiency in Excel; familiarity with transition costing, workflow, or project management tools is advantageous

Ownership mindset and integrity, combined with the ability to proactively leverage technology and data-driven tools to improve delivery and decision-making, including openness to automation, analytics, and AI

Bachelor's degree or equivalent business experience required, IMC a plus

Knowledge of an additional European language is an advantage

Relevant Experience

2-4 years' experience in the asset management industry, with a preference for project management experience

Track record of delivering complex, time-critical projects or requests for clients or senior internal stakeholders within financial services

Experience working in roles requiring strong judgment, coordination, and delivery across multiple teams, functions, or external counterparties

Experience operating in an investment management, trading, operations, custody, or closely related environment, with exposure to portfolio-related activity

Exposure to portfolio transitions, restructurings, internal reorganizations, or in-specie activity is beneficial but not required

Experience contributing to process improvement, operating model change, or enhancement of controls, governance, or ways of working is advantageous

Development and Progression

The role offers the opportunity to build deep expertise in transition management and portfolio restructuring while progressively expanding scope and responsibility. Over time, successful candidates are expected to take increased ownership of complex activity, contribute to the development of standards and ways of working, and play a broader role in shaping how transition activity is delivered across the team.

Our benefits

To help you stay energized, engaged, and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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.