Quantitative Portfolio Management - Fixed Income Associate

About this role

Business Unit Overview

For two decades, BlackRock’s Systematic Fixed Income team has combined advanced financial theory, econometrics and computing techniques to deliver exceptional investment performance to its clients.  Today 70 investment professionals in London and San Francisco share a common passion – to combine innovative data sources and techniques to advance our understanding of financial markets.  We build quantitative models across the full range of asset classes and related derivatives, including global interest rate products, currencies, corporate bonds and equities, credit default swaps, mortgage-backed securities, and we continually adapt our models to an ever-changing investment landscape.  We deliver outstanding performance for our clients across the entire risk and return spectrum, from Smart Beta products to Fixed Income Global Alpha, our flagship $5bln hedge fund.

Description of specific groups with position opening:

The Equity and Capital Structure group develops and implements systematic strategies to invest across the corporate capital structure. The group runs long/short portfolios containing single name equities, CDS, corporate bonds, convertible bonds, single name equity options, and equity index futures.

The Credit group develops and implements systematic strategies to invest mainly in corporate bonds and CDS assets across long-only and long/short portfolios and active ETFs.

Brief description of where the role rests within the group and possibly who it reports to:

The Systematic Fixed Income team is seeking to employ exceptional individuals in its Equity & Capital Structure and Credit investment teams in San Francisco.  Through partnering with experienced portfolio managers and researchers, they will develop the skills to research and implement innovative, systematic investment strategies.

Responsibilities:

• Help ensure successful implementation of primarily US based strategies working with quant researchers and developers, data groups, and traders

• Identify and mitigate out-of-model risks by keeping up with company news and macroeconomic trends

• Help identify drivers of the portfolio through detailed attribution work

• Interact with strategy and client groups to discuss portfolio positioning and performance trends

• Work with researchers to improve existing trading models and develop new ones

• Ensure portfolio consistency across the platform by reviewing various common factors and security-specific positioning in relation to reference accounts and guideline constraints.

• Monitor operating risk and ensure adherence to regulatory compliance

• Build and enhance portfolio management processes within the team and across the platform, including trading workflows and consistency tools.

• Ownership of strategic projects and ad hoc analysis related to our Systematic platform.

Qualifications:

• Highly energetic and collaborative individuals with strong motivation for personal and team success

• Excellent analytical, oral and written communication skills

• Ability to multi-task and collaborate in a fast-paced environment

• Creative, analytical problem solving

• Experience in coding is required – Python and SQL strongly preferred

• An advanced degree or experience in a quantitative discipline is preferred

• A genuine interest in investments and asset management is essential

For San Francisco, CA Only the salary range for this position is USD$132,500.00 - USD$162,000.00 . 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 [email protected]. All requests are treated in line with our privacy policy.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.