Director, Credit Research Analyst - APAC Securitised
BlackRock
About this role
BlackRock’s Fundamental Fixed Income (FFI) business manages more than $1 trillion in global fixed income assets across index, actively managed, alternative, and liability driven investment strategies. The platform offers fixed income investors one of the industry's broadest array of investment solutions across model-based and fundamental investment styles. Within FFI, the Global Securitised Team are responsible for analysing new issues, secondary opportunities and existing exposures and managing Securitised strategies across BlackRock’s fixed income portfolios, institutional clients’ segregated mandates and our Securitised pooled fund and has more than $120bn MV under management.
BlackRock is seeking a Director level credit research analyst to focus on the APAC Securitised market and Asset Based Financing Opportunities. The successful candidate will be part of a team where credit research and portfolio management work together to manage all Securitised strategies and portfolios.
Key Responsibilities:
- Performing comprehensive credit and cashflow analysis, including reviewing transaction documentation, for potential investments across the full capital structure of APAC Securitised transactions (such as RMBS, ABS and other sub sectors)
- Undertaking analysis for both public and private, primary and secondary opportunities considering relative value and potential alpha generation
- Communicating with transaction parties including arrangers and originators
- Reviewing underwriting and servicing of transaction originators and servicers. Participating in dealer roadshows and onsite due diligence
- Assessing the ESG factors of a transaction and applying BlackRock’s PEXT/NEXT framework
- Providing high quality credit opinions to be presented to the Securitised team and analytical support for regular updates to clients on positions
- Maintaining and building deep external relationships with APAC issuers and relevant counterparties to support the sourcing of opportunities
- Tracking issuer, asset class and industry trends
Key Qualifications:
- Considerable in-depth experience in the analysis of Residential Mortgage-Backed Securities. Experience with other asset classes will be an advantage
- Understanding of the UK/European and APAC Securitised markets and regulatory landscape
- Excellent oral and written communication skills essential for presenting credit opinions internally and for communicating with clients and other market participants
- Solid understanding of reviewing legal documents from a credit risk perspective
- A strong work ethic with a team-focused approach. Comfortable working within a disciplined investment process using both quantitative and qualitative tools
- Strong interpersonal skills with ability to build and develop internal and external networks; experience in sourcing opportunities for Securitised portfolios is desirable
- Highly numerate and analytical with advanced Excel and Intex knowledge
- Bachelor’s Degree, ideally in a quantitative subject
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 Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.