Financial Institutions Group (FIG) - Associate, Securitized Assets

About this role

About this role

BlackRock’s Fixed Income team runs more than $1 trillion in global fixed income assets across index, active long-only, alternative, and liability driven strategies. The platform offers fixed income investors one of the industry's broadest array of investment choices across model-based and fundamental investment styles.

The Financial Institutions Group is seeking a candidate to join the team as a Securitized Assets Portfolio Manager. The FIG team manages a wide range of Fixed Income portfolios for financial institutions, including over $100bn+ in Structured Products across various collateral types and legal formats. The successful candidate will work with relevant Lead PMs to ensure that investment ideas sourced through BlackRock’s extensive trading, research, and capital markets teams are accurately applied to the portfolios and in line with portfolio guidelines & risk budgets.  The candidate will contribute to alpha, yield and idea generation by providing assistance throughout the life cycle of an investment and its implementation in portfolios.  Team members develop analytics, reports, tools and framework to attribute performance, monitor risks and design custom portfolio solutions for clients using asset allocation, portfolio construction, risk management and other related investment skills.

Job description

• Work alongside the asset-backed securities (ABS), collateralized loan obligation (CLO), commercial mortgage-backed securities (CMBS), and agency and non-agency residential mortgage-backed securities (RMBS) sectors to learn about the different aspects of each market, to form investment ideas and to monitor portfolios.
• Participate in the setup, evaluation, execution, and management of investments through new issue and secondary transactions.
• Coordinate with trading desks and capital markets teams on deals coming to market.
• Provide quantitative and analytical support to PMs investing in securitized securities.
• Perform fundamental research on securitized deals and relative-value analysis to reach investment conclusions and make recommendations.
• Organize and prepare materials related to new investments and existing holdings, including investment committee presentations and ongoing surveillance documentation.
• Partner with both internal and external parties, including all major broker-dealers, to build relationships and continuously support communication channels.
• Publish periodic sector updates and daily market information, as well as ad hoc client and internal presentations.
• Analyze macroeconomic and industry trends and their impact on the securitized market and client holdings.
• Work closely with the team’s Product Strategists to ensure smooth onboarding process and account activation for all new mandates and generating reports and analysis for client queries.
• Contribute towards the client experience by participating in portfolio reviews and client pitches.
• Assist in market research efforts and contribute to alpha through relative value and portfolio construction.
• Provide information from conference calls, industry conferences, and discussions with management teams as well as research both industry-wide and company-specific issues.

Qualifications

• BA/BS required. Progress toward CFA a plus.
• Minimum 2 years of experience and knowledge of Fixed Income markets and Securitized Assets strongly desired.
• Fixed income and general finance knowledge, including an understanding of bond math and risk.
• Previous experience in securitized asset origination or deal structuring a plus.
• Ability to learn fixed income markets, including complexities of different issue types, liquidity, and trading.
• Ability to grasp quantitative concepts of risk and exposure, and their application to portfolio management.
• Knowledge of financial institution / insurance client portfolio management a plus (e.g. accounting considerations, income or yield-focused management)
• Technical skills including advanced Excel and Aladdin. SQL and programming experience a strong plus.
• Proficient in programming language (VBA/MATLAB/Python) and handling large datasets
• Ability to adapt quickly to changing market environments and perform under tight time constraints.
• Strong problem solving skills and attention to detail.
• Good interpersonal skills.

For New York City only: The salary range for this position is $115,000 - $147,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 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.

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.