Associate

About the role

Location: 50 Hudson Yards, New York, NY 10001

Duties

• Rebalance portfolios for flows, benchmark changes and client directed events.
• Monitor Corporate Actions Manager dashboard and process corporate action elections for team in timely manner.
• Ensure that portfolios are in compliance with their investment guidelines and quickly raise and resolve potential issues.

Develop strong business relationships with Lead Portfolio Managers, Product Strategists, and members from Compliance, Operations and Client facing teams to ensure smooth portfolio onboarding process, new account activation and to improve day to day investment operations. Contribute to corporate credit alpha, yield and idea generation through security selection and substitution trade idea recommendations.

Develop analytics, reports, tools and framework to assist in better security risk monitoring and performance attribution that can be shared with broader investment team.

Qualifications

Bachelor's degree or foreign equivalent in Business, Finance, Economics, or related field and two years of experience in job offered or closely related field.

Must have two (2) years of experience with: * Finance and Risk Management; * Monitoring positioning/risk, identifying investment opportunities, loading trades, and ensuring portfolios for Multisector portfolios; * Fixed income markets; * Liquidity, and trading various fixed income products including corporate bonds, CDX, and securitized products; * Capital structure nuances, including Senior, Subordinated, and Hybrid; * Corporate bonds trade on the secondary market, including bid/ask size, portfolio trading, and market technicals; * Excel tools, including VLOOKUP, to efficiently synthesize and summarize large data sets; * Knowledge of Excel formulas and capabilities and automation of tasks; * VBA; * Python Libraries including NumPy and Pandas; * Tableau; * Bloomberg; * SQL Database, including Sybase ASE; * R Libraries including tidyverse and ggplot; and * Aladdin Portfolio Construction, Portfolio Monitor, Dashboard, ATX, TradeEntry, and Explore.

To apply, please click "Apply" on this webpage

Pay and benefits

For New York, NY Only the salary range for this position is USD$125,000.00 - USD$155,000.00. Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work - enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we've provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.