Junior Asset-Backed Securities Portfolio Manager and Trader, Associate
BlackRock
About this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock offers a range of solutions — from meticulous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
Elevate your career by joining the world's largest asset manager! Thrive in an environment that cultivates positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success.
BlackRock’s Fixed Income team manages 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 arrays of investment choices across model-based and fundamental investment styles.
Our Securitized Assets Portfolio Management Team is searching for a Junior Asset-Backed Securities Portfolio Manager and Trader based in New York City.
Your Team:
The Asset-Backed Securities Portfolio Management team manages client assets in Consumer, Commercial, and Esoteric asset-backed securities. We actively participate in primary market, secondary market, and private transactions to best serve our clients’ needs.
Your Role and Impact:
Your work will span trading, portfolio management, research, and client-oriented responsibilities to deliver value for our clients. You will contribute to all aspects of the ABS team’s investment process and collaborate closely with other members of the Securitized Assets team.
RESPONSIBILITIES:
Trade ABS bonds in the secondary market to carry out the team’s investment views
Build and maintain relationships with sell-side counterparts (sales, trading, bankers) on behalf of the ABS team
Support Senior PMs in evaluating public and private asset-backed transactions by modeling collateral cashflows, evaluating structures, and assessing relative value
Assist Senior PMs in managing transactional aspects of the end-to-end process of negotiating, structuring and closing asset-based finance transactions
Perform diligent reviews of transaction documents including deal-over-deal changes, cashflow waterfall, reps and warranties, and other key deal characteristics
Resolve requests related to analytics modeling, pricing, settlement, and other operational tasks related to the team’s investments
Contribute to consumer research and issuer/collateral surveillance
Create investment committee memos, client presentations, and other related materials
Use coding or other skills to improve investment processes and functions
Present updates on consumer credit and the ABS market to multi-sector PMs
REQUIRED QUALIFICATIONS:
3–5 years of relevant experience in fixed income markets (including research, trading, banking/syndicate, or portfolio management)
Bachelor’s degree
Strong financial modeling, organizational, and communication skills
Experience with Intex
Proficient in Excel and PowerPoint
PREFERRED QUALIFICATIONS:
Experience in evaluating credit and/or trading in various ABS sectors including, but not limited to, autos, cards, student loans, and unsecured consumer
Progress toward the CFA designation
Experience with tools such as Bloomberg, dv01, Aladdin
Proficient in Python
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.