Associate, Securities Lending Trader, BlackRock Global Markets (BGM)

BlackRock•New York, NY

1d•$116,000 - $155,000•Hybrid

About The Position

Our trading team generates alpha for clients across scientific, fundamental, and index products, partnering with portfolio managers to optimize returns through various trade types. BlackRock is a pioneer in using quantitative techniques and sophisticated models to improve its Securities Lending business performance. We are actively seeking an outstanding teammate to join our US Fixed Income Trading team within Securities Lending based in New York. With a focus on innovative technology and embedded research, our investment management approach to lending provides superior performance for our clients and is an important part of the BlackRock brand. In this fast-paced and dynamic environment, BlackRock combines quantitative techniques and sophisticated models with fundamental insights from traders to increase the performance of its Securities Lending business. We expect you to actively contribute to its continued development. Our traders play a critical role in alpha generation and cost minimization for scientific, fundamental, and index products, partnering with portfolio managers to optimize returns through various trade types. Traders represent the firm for a selective group of markets or asset classes, are the primary owners of BlackRock’s work with premier prime brokerage firms and counterparties, and offer a best-in-class securities finance product in the market today.

Requirements

An outstanding teammate
An excellent communicator with first class relationship management skills
Self-motivated, with a strong work ethic and positive team orientated outlook

Nice To Haves

2+ years of prior experience in Fixed Income / Securities Lending / Financing markets / Repo
Proficiency with Excel
Experience in one or more of; SQL, Python, VBA, Business Objects

Responsibilities

Actively trade and optimize BlackRock's US Fixed Income securities lending book for clients.
Be directly responsible for revenue generation and active performance management.
Actively build and implement trading strategies based on analysis of companies, sectors, and market variables.
Deliver market leading returns in a risk aware and controlled manner.
Develop, lead and build on internal & financing market relationships.
Build and lead partnerships with internal teams, including our global trading team to help drive efficiencies to improve revenue, performance and mitigate risks.
Be responsible for day-to-day administrative issues in support of trading activities and liaise with trading operations.
Work with internal Quant-Algo Trading and Research and Innovation groups to innovate systems, trading analytics, and coordinate implementation.
Manage risk with strong attention to even the smallest details.