Associate, International Cash Portfolio Management

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Business Unit Overview:

The International Cash Management Group manages a suite of products that includes Prime and Government Money Market and Ultra-Short Duration Mutual funds and Separate Accounts. BlackRock’s cash management style is designed to meet each client’s objectives of capital preservation, liquidity and yield – in that order. This philosophy is built on a risk-controlled framework, featuring careful analysis of credit, interest rate trends, and relative value opportunities which ultimately produce investment returns on a risk adjusted basis. Our disciplined approach to investing originated in 1973 when we pioneered the first constant-dollar money market fund dedicated to institutional investors.

Job Purpose/Background/Responsibilities:

This role sits within the International Cash Portfolio Management Team and is primarily a junior portfolio management / trader role based in London. The successful candidate will spend a large part of the day as a dealer supporting the international cash investment process by investing in money market instruments (Time Deposits, Reverse Repo, Euro Commercial Paper, Certificates of Deposit, short Government bonds and Bills, Supranationals and any other suitable instruments). The person will also play a major role in collating data and using technology to help improve desk processes and analysis of portfolios and positions. A natural curiosity and drive will help the successful candidate establish themselves within a busy and proactive team, helping research markets, regulation, credit, technology and ESG.

• To execute daily trading of money market instruments in support of the Lead Portfolio Managers with a focus on Repo and Time Deposits
• To understand and contribute to the strategy and construction of EUR, GBP and USD money market Funds as well as separate account portfolios
• To produce analytics and portfolio level data for strategy meetings
• To build and maintain strong professional relationships with external trading counterparties (brokers and dealer banks) and other parts of the broader ecosystem (rating agencies, etc.)
• To build strong partnerships with internal stakeholders such as credit, product strategy, risk, operations, pricing, legal & compliance, and contribute to our diverse and inclusive work environment
• To work with other data and technology focused colleagues to help create greater operational efficiencies across the desk

Knowledge / Experience Required:

• Ideally 2-3 years of work experience and transferable skills to benefit a role in trading and portfolio management
• An enthusiastic attitude with a willingness to learn
• Ability to multi-task and prioritize tasks in a demanding and fast-paced environment
• Foundational knowledge of financial markets and understanding of credit and risk management
• An interest in developing research, quantitative or analytical skills, particularly using data systems ((Knowledge of Aladdin a plus)
• Experience with Python, SQL, Tableau, Bloomberg, VBA
• An interest in developing presentation and written communication skills
• Interpersonal skills to help foster an inclusive culture of teamwork and knowledge sharing

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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.