Securitized Assets Junior PM, Financial Institutions Group - Associate

About the role

BlackRock is a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors. The Financial Institutions Group (FIG) team manages a wide range of Fixed Income portfolios for financial institutions, including over $100 billion in Structured Products across various collateral types and legal formats.

Responsibilities

• Work alongside the ABS, CLO, CMBS, and RMBS sectors to learn about the different aspects of each market, to form investment ideas and to monitor portfolios.
• Partner with technology, research, and investment teams for ongoing improvements to achieve scalable practices in all aspects of the investment process (Portfolio Construction / Risk Management / Research / Attribution).
• Drive experimentation of analyses and monitoring tools using generative AI to enhance technological solutions to investment processes.
• Participate in the setup, evaluation, execution, and management of investments through new issue and secondary transactions.
• Provide quantitative and analytical support to PMs investing in securitized securities.
• Perform fundamental research on securitized deals and relative-value analysis to reach investment conclusions and make recommendations.
• Organize and prepare materials related to new investments and existing holdings, including investment committee presentations and ongoing surveillance documentation.
• Partner with both internal and external parties, including all major broker-dealers, to build relationships and continuously support communication channels.
• Publish periodic sector updates and daily market information, as well as ad hoc client and internal presentations.
• Work closely with the team’s Product Strategists to ensure smooth onboarding process and account activation for all new mandates and generating reports and analysis for client queries.
• Contribute towards the client experience by participating in portfolio reviews and client pitches.
• Provide information from conference calls, industry conferences, and discussions with management teams as well as research both industry-wide and company-specific issues.

Requirements

• BA/BS required. Progress toward CFA a plus.
• Minimum 2 years of experience and knowledge of Fixed Income markets and Securitized Assets strongly desired.
• Fixed income and general finance knowledge, including an understanding of bond math and risk.
• Proficient in Python and handling large datasets, familiarity with SQL databases and working with data APIs strongly desired.
• Previous experience in securitized asset origination or deal structuring a plus.
• Ability to learn fixed income markets, including complexities of different issue types, liquidity, and trading.
• Ability to grasp quantitative concepts of risk and exposure, and their application to portfolio management.
• Knowledge of financial institution / insurance client portfolio management a plus (e.g. accounting considerations, income or yield-focused management)
• Technical skills including advanced Excel and Aladdin. SQL and programming experience a strong plus.
• Ability to adapt quickly to changing market environments and perform under tight time constraints.
• Strong problem-solving skills and attention to detail.
• Good interpersonal skills.

Qualifications

• BA/BS required.
• Progress toward CFA a plus.
• Minimum 2 years of experience and knowledge of Fixed Income markets and Securitized Assets strongly desired.
• Fixed income and general finance knowledge, including an understanding of bond math and risk.
• Proficient in Python and handling large datasets, familiarity with SQL databases and working with data APIs strongly desired.
• Previous experience in securitized asset origination or deal structuring a plus.
• Ability to learn fixed income markets, including complexities of different issue types, liquidity, and trading.
• Ability to grasp quantitative concepts of risk and exposure, and their application to portfolio management.
• Knowledge of financial institution / insurance client portfolio management a plus (e.g. accounting considerations, income or yield-focused management)
• Technical skills including advanced Excel and Aladdin. SQL and programming experience a strong plus.
• Ability to adapt quickly to changing market environments and perform under tight time constraints.
• Strong problem-solving skills and attention to detail.
• Good interpersonal skills.

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.

Schedule

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.

Pay

We offer a competitive compensation structure, including a base salary and a discretionary annual bonus based on performance. For more details, please refer to the job description.