Associate, Macro Credit Research

New York, USA
Jan 28, 2023
Feb 26, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

BlackRock's Alternatives business is looking for an Associate to join the Macro Credit Research team. The role involves working closely with the Head of Macro Credit Research to 1) form and articulate investment views across global corporate credit, 2) build and maintain models to track fundamentals and relative value across key macro credit indices, and 3) write differentiated and thoughtful research for distribution to internal stakeholders and external clients.

Role Responsibilities:
  • Work directly with the Head of Macro Credit Research to create differentiated, written content focused on global credit markets, including investment grade and high yield bonds, leveraged loans and private debt.
  • Build and maintain analytical models and charts to track fundamentals and relative value across key global macro credit indices (leverage, coverage, valuations, absolute and beta-adjusted returns, spreads/yields, percentile analysis, default forecasts).
  • Follow events related to credit markets closely, including but not limited to central bank policies, economic indicators, debt issuance trends, corporate earnings, and fund flows.
  • Leverage all available data sources to identify dislocations/investment opportunities, and flag new ideas for original research content.
  • Assist in the creation of regular research publications and presentation materials.
  • Develop and maintain relationships with key internal stakeholders, including portfolio managers, traders, product strategy and marketing teams.
  • Respond to requests for data from internal stakeholders.

Experience, Qualifications and Skills:
  • 2-4 years of experience with global corporate credit markets, including investment grade, high yield, and leveraged loans. Previous experience as a credit research strategist on the buy-side or sell-side is a plus.
  • A passion for investing and markets.
  • Understanding of fixed income markets and bond valuation.
  • Proficiency with Bloomberg, Microsoft Excel, and PowerPoint.
  • Comfort with analyzing large data sets. Programming skills are a plus.
  • Solid writing skills.
  • Collaborative self-starter, eager to learn.
  • Ability to understand, internalize and execute on the team's goals and objectives, while working around the inevitable obstacles.
  • Ability to multitask and manage multiple priorities / deadlines.
  • Undergraduate Degree in Economics, Finance or Accounting.
  • Progress towards CFA designation a plus.

For New York City only: The salary range for this position is $118,750 - $140,000. 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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. 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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

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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