Senior Quantitative Researcher – Fixed Income Markets Research, Director

About the role

BlackRock Global Markets (BGM) brings together BlackRock’s global trading, financing and financial resource management, securities lending, ETF markets, cash management, and index investments businesses to deliver investment, trading, financing, and risk management excellence for clients. Markets Research is a team within the Global Markets group that conducts cutting-edge market microstructure research, performs pre- and post-trade analysis, and provides analytics for its stakeholders. In this function, Markets Research cuts across regions and asset classes. It partners with Trading Data, Analytics, Trading Desks, as well as the active and passive investment teams to deliver best execution and superior investment performance.

Responsibilities

• Perform data analysis, design and execute research projects, and build research models using various types of financial data.
• Apply both traditional econometric tools and machine learning techniques to solve real-world problems in trading.
• Acquire domain expertise in market microstructure and execution research for selected asset classes.
• Recalibrate, maintain, and improve the current suite of models and automated trading processes.
• Deliver top-quality execution strategy optimization, venue and algo optimal selection, intraday liquidity modeling, and research-based trading workflow automation.
• Become a thought leader in market microstructure developments to adapt our analytics framework and trading models.
• Mentor junior researchers, manage research project delivery, and communicate to senior stakeholders.

Requirements

Advanced degree in a subject with quantitative content (PhD preferable). Related experience in trading research/execution, consulting/quantitative trading for financial service firms (7+ years), exceptional hands-on research ability and at least 2 years of hands-on trading experience preferred in addition to research experience. Expertise in market microstructure in fixed income areas (preferably FX, credit, or rates) and expertise in market microstructure literature. Ability to deliver effective research models in production in an efficient manner. Excellent communication skills, professional and respectful work ethic, and ability to collaborate and communicate with senior stakeholders and external vendors. Effective team player who works independently and confidently engages with trading and investment teams.

Qualifications

• Advanced degree in a subject with quantitative content (PhD preferable).
• Related experience in trading research/execution, consulting/quantitative trading for financial service firms (7+ years).
• Exceptional hands-on research ability and at least 2 years of hands-on trading experience preferred in addition to research experience.
• Expertise in market microstructure in fixed income areas (preferably FX, credit, or rates) and expertise in market microstructure literature.
• Ability to deliver effective research models in production in an efficient manner.
• Excellent communication skills, professional and respectful work ethic, and ability to collaborate and communicate with senior stakeholders and external vendors.
• Effective team player who works independently and confidently engages with trading and investment teams.

Pay

The salary range for this position is USD$215,000.00 - USD$275,000.00. 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.

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.