Securitized Assets Junior PM, Financial Institutions Group - Associate

About the 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. BlackRock’s mission is to create a better financial future for our clients. The Fixed Income team runs more than $1 trillion in global fixed income assets across index, active long-only, alternative, and liability-driven strategies. The Financial Institutions Group (FIG) manages a wide range of Fixed Income portfolios for financial institutions, including over $100bn+ in Structured Products across various collateral types and legal formats.

The Securitized Assets Portfolio Manager will work with relevant Lead PMs to ensure investment ideas sourced through BlackRock’s extensive trading, research, and capital markets teams are accurately applied to portfolios in line with portfolio guidelines and risk budgets. The role contributes to alpha, yield, and idea generation by assisting throughout the investment lifecycle and its implementation in portfolios. Team members develop analytics, reports, tools, and frameworks to attribute performance, monitor risks, and design custom portfolio solutions for clients using asset allocation, portfolio construction, risk management, and related investment skills.

Responsibilities

• Work alongside the asset-backed securities (ABS), collateralized loan obligation (CLO), commercial mortgage-backed securities (CMBS), and agency and non-agency residential mortgage-backed securities (RMBS) sectors to learn about each market, form investment ideas, and monitor portfolios.
• Partner with technology, research, and investment teams for ongoing improvements to achieve scalable practices in portfolio construction, risk management, research, and attribution.
• Drive experimentation of analyses and monitoring tools using generative AI to enhance technological solutions for 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 internal and external parties, including major broker-dealers, to build relationships and support communication channels.
• Publish periodic sector updates, daily market information, and ad hoc client and internal presentations.
• Work closely with the team’s Product Strategists to ensure smooth onboarding and account activation for new mandates and generate reports for client queries.
• Contribute to 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 on industry-wide and company-specific issues.

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 or 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.

Pay

For New York, NY, the salary range for this position is USD $116,000.00 - 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 total compensation may vary based on role, location, firm, department, and individual performance.

Benefits

• Strong retirement plan.
• Tuition reimbursement.
• Comprehensive healthcare.
• Support for working parents.
• Flexible Time Off (FTO) to relax, recharge, and be there for the people you care about.

Schedule

BlackRock’s hybrid work model requires employees 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. New joiners can expect this hybrid model to accelerate learning and onboarding.