Associate, Leveraged Finance Portfolio Construction, Fundamental Fixed Income Group
Apply NowCompany: BlackRock, Inc
Location: New York, NY 10025
Description:
About this role
Position Overview
The Leveraged Finance Group within BlackRock's Fundamental Fixed Income Group is seeking a new portfolio manager to join its team. The Leveraged Finance team manages a wide range of portfolios across the platform with opportunities as a Portfolio Construction specialist.
The successful candidate will work with relevant Lead PMs to ensure that active views are applied to the portfolios accurately and in line with portfolio guidelines & risk budgets. The candidate will also contribute to alpha, yield and idea generation through security selection and contribute to active investment process by providing Relative Value analysis, ideas for substitution trades and other market color. 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.
Key Responsibilities
Portfolio Manager
Skills and Qualifications
For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . 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 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.
Position Overview
The Leveraged Finance Group within BlackRock's Fundamental Fixed Income Group is seeking a new portfolio manager to join its team. The Leveraged Finance team manages a wide range of portfolios across the platform with opportunities as a Portfolio Construction specialist.
The successful candidate will work with relevant Lead PMs to ensure that active views are applied to the portfolios accurately and in line with portfolio guidelines & risk budgets. The candidate will also contribute to alpha, yield and idea generation through security selection and contribute to active investment process by providing Relative Value analysis, ideas for substitution trades and other market color. 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.
Key Responsibilities
Portfolio Manager
- Ensure that portfolios and strategies are at risk targets while in compliance with their investment guidelines and quickly escalate and resolve potential issues
- Rebalance portfolios for changes in strategy, flows, benchmark changes and client directed events
- Manage cash and Derivative lifecycle events for futures, FX forwards and option positions
- 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
Skills and Qualifications
- Minimum two years of experience in portfolio management or related role such as portfolio construction, risk management, compliance and operations, or trading, preferably related to fixed income portfolios
- Degree in a field such as Finance, Economics, Financial Engineering, or similar field with relevant experience. Excellent technical skills including advanced Excel, Aladdin, Bloomberg, and proficient in programming languages (VBA/R/Python) and handling large datasets
- Strong process-oriented background including introduction of controls and procedures.
- Demonstrate keen awareness of operational risk issues as well as adapt quickly to changing market environments and perform under tight time constraints
- Strong analytical, organizational and problem solving skills with a diligent attention to detail
- Effective communicator possessing strong verbal, written, visual/presentation and interpersonal communication skills
For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . 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 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.