Address
Form of workAbout this role
Job Purpose/Background:
The Customized Core and Short Duration team within BlackRock's Fundamental Fixed Income platform is seeking a portfolio manager to assist with this $90bn book of business. These portfolios invest across the spectrum of Fixed Income assets including government bonds, investment grade and high yield credit, Agency mortgage backed securities, and securitized products (CMBS, ABS, Non-Agency MBS and CLOs). Clients include pension funds, corporate treasury departments and retail investors, with portfolio types spanning separate accounts, mutual funds, ETFs and closed end funds. The disparate nature of the client base results in portfolios with varying alpha targets and opportunity sets. The PM will be responsible for overseeing this group of portfolios, customizing trade targets based on client objectives, guidelines and team views, implementing investment process enhancements and contributing to thematic investment discussions.
Responsibilities:
Requirements:
For New York City only: The salary range for this position is $115,000 - $147,500. 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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.
Job Purpose/Background:
The Customized Core and Short Duration team within BlackRock's Fundamental Fixed Income platform is seeking a portfolio manager to assist with this $90bn book of business. These portfolios invest across the spectrum of Fixed Income assets including government bonds, investment grade and high yield credit, Agency mortgage backed securities, and securitized products (CMBS, ABS, Non-Agency MBS and CLOs). Clients include pension funds, corporate treasury departments and retail investors, with portfolio types spanning separate accounts, mutual funds, ETFs and closed end funds. The disparate nature of the client base results in portfolios with varying alpha targets and opportunity sets. The PM will be responsible for overseeing this group of portfolios, customizing trade targets based on client objectives, guidelines and team views, implementing investment process enhancements and contributing to thematic investment discussions.
Responsibilities:
- Develop a deep understanding of client specific guidelines and objectives, and customize portfolio construction accordingly.
- Coordinate across sector teams to ensure targets are implemented in a timely and consistent fashion.
- Contribute to team discussions around the macro environment and portfolio positioning.
- Assist with day to day Portfolio Management activities including tactical trades, target changes, compliance management, and cashflows.
- Leverage technical skills to make continual improvements to the investment process, increasing efficiency and reducing operational risk.
Requirements:
- 3-6 years of experience in a Fixed Income Portfolio Management, risk management or analytics role
- Expertise across Aladdin applications (Explore, PortfolioConstruction, PortfolioMonitor, PortfolioRiskTools, etc.) and Bloomberg
- Command of Fixed Income analytical concepts (duration, convexity, measures of carry, tracking error, scenario analysis, etc.) and instrument types (bonds, futures, swaps, securitized products, FX, etc.)
- Understanding of macroeconomics and monetary policy, and their impacts on Fixed Income markets
- Strong technical and data analysis skills with experience in python, SQL, Excel and statistics
- Effective communication skills
For New York City only: The salary range for this position is $115,000 - $147,500. 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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.
