Associate, Agency MBS Trader
BlackRock
About this role
BlackRock Global Markets group (BGM) was created to advance our investment processes and platform architecture, and ensure we most efficiently engage with other market participants in a collaborative, strategic way.
Within BGM, BlackRock’s Trading organization operates with the goals of enhancing trading standards across asset classes, streamlining, and leveraging counter-party relationships, attracting, and retaining top trading talent in the industry, and developing a One BlackRock culture around trading activities. Partnering with portfolio management and regional leadership teams, Trading strives to deliver benefits of scale, enhance processes and transparency, improve trading performance, and drive innovation to provide tangible benefits to our clients, investment professionals and shareholders.
Job Purpose/Background:
The Fixed Income Trading Team in the US is seeking a trader to primarily aid in the execution of MBS products and related hedges. The successful candidate will be able to demonstrate the ability to interact effectively with both internal and external partners to provide best execution and market flow information for investment activities in the agency MBS market. Fundamental knowledge of fixed income markets is strongly preferred.
Key Responsibilities:
Primarily support trading order workflow and execution of specified pools, TBAs, agency CMOs, and related hedges
Provide insight into market activity and disseminate market intelligence and flow information to multiple PM teams
Engage actively with sell-side liquidity partners and provide ongoing feedback on counterparty relationships
Identify areas for process improvements and coordinate with internal stakeholders to lead development of workflow efficiency across the mortgage and rates platform
Qualifications:
Experience with fixed income cash and derivatives products, preferably including agency MBS
Fundamental competence with basic fixed income concepts
Strong quantitative skills, attention to detail, and a sense of urgency are vital
Programming and scripting skills are preferred
Demonstrated ability to prioritize demands in a high-volume, high-pressure business
Ability to work in an entrepreneurial environment and to be a motivated and adaptable self-starter
Excellent communication skills are a must
Series 7 and 63 are preferred but not required
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.