Vice President, FX Trader

About this role

What team will you be on?

The Global Trading business executes trades on behalf of all portfolio management teams at the firm. The team is organized along regions and asset classes, providing the best service to our investment teams and achieving optimal outcomes for our clients. As the world’s largest asset manager, BlackRock traded approximately $23 trillion in notional volume in 2023. We believe BlackRock’s size and scale serves as a distinct advantage, uniquely positioning us to access liquidity and deliver consistently strong execution.

Why is your role important?

The Foreign Exchange market trades over $5 trillion notional per day and can impact all major asset classes in the investment arena. BlackRock manages various mandates that will facilitate currency transactions including: Covering asset transactions and repatriation of income, hedging, currency overlay and active currency management.

The FX Trading team within Global Trading is seeking an FX trader to support investment activities in New York. The successful candidate will have a strong technical skills and the ability to interact effectively with other traders and portfolio managers, multiple internal groups, and the sell-side, in order to provide best execution, maintenance, and market flow information for investment activities in FX markets.

What will you be doing?

• Working closely with other FX traders to provide best execution across a range of FX instruments, including spot, forwards, options, and cross currency swaps for all BlackRock internal businesses
• Providing insight into market activity and disseminating market intelligence and flow information to portfolio management teams
• Representing the FX team on various internal forums within the investment platform
• Working both independently and with other BlackRock teams to develop technology to improve workflow and analysis across the trading platform
• Dealing with day-to-day administrative issues in support of trading activities and liaison with trading operations
• Pro-actively contributing to the investment process to reduce transaction costs

What are we looking for?

• Degree(s) in relevant subject such as economics, mathematics, or finance desired
• 5+ years experience with proven interest in global capital markets, specifically with reference to Foreign Exchange markets
• Strong quantitative and analytical skills, attention to detail, and a sense of urgency are vital
• Robust technical skills, experience in trading non-linear FX products will be a plus
• Effective communication skills and proven ability to work with multiple partners and stakeholders
• High computer literacy, with advanced spreadsheet-based skills, and programming knowledge a benefit
• Strong work ethic with a high level of self-motivation

For New York, NY Only the salary range for this position is USD$155,000.00 - USD$210,000.00 . 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.