Vice President, Financial Markets Advisory - Derivatives Portfolio Management

About this role

About BlackRock’s Financial Markets Advisory Business

BlackRock’s Financial Markets Advisory (FMA) group provides a wide range of services to governments, central banks, and financial institutions globally. FMA leverages the firm’s capital markets, data and risk analytics, technology, and financial modeling capabilities while maintaining stringent information barriers and other procedures to protect client sensitive information and manage potential conflicts of interest. FMA advises financial institutions, regulators and government entities on their most critical and complex financial issues – from bank stress-testing to unwinding a portfolio of assets to designing and executing bond purchase programs to support to the economy. We work with our clients’ senior management on balance sheet and capital markets exposures as well as a wide range of other strategic, regulatory, and operational challenges. Since our founding in 2008, we have completed over 500 assignments for more than 280 unique clients in over 30 countries. Our technology and analytical capabilities give us a unique ability to respond to client needs. We leverage BlackRock’s Aladdin® technology platform and the firm’s sophisticated capital markets, risk analytics, data management, and financial modeling capabilities to deliver results-oriented consulting and advisory services. Our professionals work out of all BlackRock regions (Americas, EMEA, APAC), allowing FMA to serve clients in different locations and respond to urgent needs as they arise. To deliver the most effective team for any client situation, we assign professionals based on their expertise and can deploy from multiple offices.

FMA’s hedge advisory team manages and advises on derivatives programs on behalf of clients seeking to hedge capital markets exposure. As part of this offering, the team designs and implements a range of bespoke hedging solutions, primarily for insurance and reinsurance clients, creating the flexibility clients need to decouple investments from liabilities, pursue optimal investment strategies, and create higher yielding portfolios.

While the candidate’s primary role will be supporting and growing FMA’s hedge advisory franchise, the candidate will also gain exposure to a wider range of FMA’s capital markets services, supporting offerings such as contingent management, liquidity advisory, transaction support, stress testing, etc.

We seek a candidate with capital markets expertise to support FMA clients and their objectives.

Responsibilities:  

• Hedge Advisory: Support the design and ongoing management of bespoke hedging strategies on behalf of clients, serving as a derivatives portfolio manager, with a primary focus on interest rate and FX hedging for insurance / reinsurance clients

• Fixed Income: Support / lead the execution of fixed income portfolio analyses across recurring and ad-hoc client engagements, with a primary focus on risk management, trading dynamics, and market liquidity

• Develop a strong understanding of BlackRock’s modeling and analytical capabilities

• Perform comprehensive and in-depth market, transaction, and industry research

• Stay abreast of relevant market trends

• Understand client and business context driving client opportunities and challenges

• Participate in client meetings, presentations, and pitches and demonstrate ability to synthesize complex markets and analytics topics to internal and external audiences

Skills / Qualifications:

• 5+ years of experience within the financial services industry, including specific experience with interest rates and/or FX derivatives

• Fundamental understanding of collateral management for derivatives programs

• Familiarity with hedging dynamics & risk management best practices

• Broad understanding of financial institutions, fixed income assets and analytics, and capital markets

• Experience working at/with insurance companies, banks and/or other financial institutions clients

• Intellectual curiosity and comfort with expanding into unfamiliar topics

• Excellent analytical and problem-solving skills

• Takes initiative, and is comfortable performing under pressure to manage tight deadlines in a fast-paced, high-intensity environment

• Excellent Microsoft Excel skills; knowledge of Python or VBA a plus

• Experience with Agency MBS a plus

• Experience with VaR modeling a plus

• Familiarity with market infrastructure (CCPs & exchanges, Prime Brokerage, etc.) a plus

• BA / BS degree

For New York, NY Only the salary range for this position is USD$150,000.00 - USD$210,000.00 . 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 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.