Portfolio Manager & Derivatives Trader, Vice President – SpiderRock Advisors
BlackRock
Chicago, , United States of AmericaPosted 5 days agoDiscoveredMatch locked
Full-time5+ years exp
Your team
SpiderRock Advisors (SRA), a wholly owned subsidiary of BlackRock, is a technology-enabled provider of derivative-based investment solutions serving the wealth management and institutional allocator markets. SRA specializes in designing and implementing customized derivative strategies and portfolio overlays that help clients improve portfolio outcomes, manage risk, facilitate transitions, and optimize investment results. The team combines investment expertise, quantitative research, technology innovation, and client engagement to deliver scalable solutions in a rapidly evolving market environment.
Your role and impact
As a Portfolio Manager & Derivatives Trader, Vice President, you will play a central role in portfolio management, derivatives trading, quantitative research, and client engagement. You will work across multiple asset classes, including equities, futures, foreign exchange (FX), and fixed income, leveraging technology and data-driven insights to support portfolio construction, risk management, and investment decision-making. This role offers the opportunity to contribute to the development of innovative solutions, enhance trading infrastructure, and help deliver differentiated outcomes for institutional and wealth management clients.
Your responsibilities
In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and combine the curiosity to explore new approaches and technologies with the rigor to challenge the results. The scope of this role also includes the following responsibilities:
- Develop, maintain, and enhance portfolio management, trading, and analytics infrastructure through software development, testing, and process improvements.
- Conduct quantitative research, statistical analysis, and data visualization to identify insights and improve portfolio management outcomes.
- Apply financial and economic theory to research initiatives that enhance portfolio construction, risk management, and investment outcomes.
- Communicate portfolio strategy, research findings, and investment outcomes through client presentations, reports, and other written deliverables.
- Evaluate market conditions and investment data to enhance trading strategies, portfolio solutions, and risk management processes.
Your experience
- Bachelor's, Master's, or PhD degree in Computer Science, Engineering, Statistics, Mathematics, or a related STEM discipline, and at least 5 years of relevant experience in portfolio management, trading, or quantitative investing.
- Proficiency in Python and experience working with large datasets, databases, and query tools; familiarity with additional analytical programming languages is a plus.
- Experience with trading platforms, order management systems, algorithmic trading workflows, market structure, electronic connectivity protocols, and trade operations.
- Strong understanding of equity options and experience conducting investment research across one or more asset classes; Transaction Cost Analysis (TCA) experience is a plus.
- Experience using reporting and business intelligence tools, including Amazon Web Services (AWS) QuickSight, strong Microsoft Office skills, and excellent communication, organizational, and presentation abilities.
For Chicago, IL Only the salary range for this position is USD$140,000.00 - USD$200,000.00 . 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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work - enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we've provided
guidance
on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
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.
To learn more about BlackRock, please visit Careers.BlackRock.com . We also encourage you to get to know us on LinkedIn , Instagram , YouTube , X , and TikTok .
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 Disability.Assistance@blackrock.com . 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.
Skills
artificial-intelligenceawspython
Who can apply
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