Fixed Income Financial Institutions Group (FIG) - Associate, Multi-Sector Core Portfolio Manager

Employer
BlackRock
Location
New York, USA
Salary
Competitive
Posted
Aug 13, 2022
Closes
Sep 01, 2022
Ref
16362997
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

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.

BlackRock is seeking a candidate to join the Fixed Income Core PM team as a Multi-Sector Portfolio Manager for Financial Institutions Group portfolios.

Responsibilities
  • Handle portfolios to reach alpha targets within risk tolerances and constraints, while aligning with client/fund guidelines, restrictions and gain/loss budgets.
  • Raise orders to implement and maintain portfolio positioning. Work with Trading to monitor execution.
  • Monitor and invest cash flows resulting from client subscriptions and redemptions.
  • Ensure that portfolios are in compliance with their investment guidelines and quickly raise and resolve potential issues
  • Enhance portfolio management processes. Help to development and implementation of portfolio construction and reporting tools.
  • Participate in alpha and idea generation through duration/yield curve management, cross asset relative value, and sector rotation.
  • Learn and keep current in general fixed income markets. Participate in market and alpha generation discussions. Assist in market research efforts.
  • Deliver performance attribution and reporting.

Knowledge/Experience:
  • Minimum two years of experience in portfolio management or related role such as portfolio research, risk management, compliance and operations, or trading, preferably related to fixed income portfolios
  • Experience of running Multi-Sector portfolios a plus
  • Knowledge of Aladdin tools a plus
  • Strong problem solving skills including introduction of controls & procedures.

Qualifications
  • BA/BS required. Progress toward CFA a plus.
  • Minimum 2 years of experience and knowledge of Fixed Income markets strongly desired.
  • Fixed income and general finance knowledge, including an understanding of bond math and risk.
  • 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.


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 pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @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.

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