Associate

BlackRock•New York, NY

49d•$143,500 - $155,000•Hybrid

About The Position

BlackRock Financial Management, Inc. is seeking an Associate to evaluate the creditworthiness of primary market asset-backed securities (ABS) deals. This role involves performing scenario analysis on collateral cashflows, assessing transaction documents and structures, and monitoring collateral performance across various ABS investments. The Associate will analyze relative value, recommend portfolio positioning, and trade ABS bonds in the secondary market. This position also requires presenting updates on consumer credit and the ABS market to multi-sector Portfolio Managers and utilizing coding skills to improve processes and functions.

Requirements

Bachelor’s degree in Finance, Economics, Business Administration, Accounting or a related field
Three (3) years of experience in the job offered or as an Analyst or a related financial analytics role.
Three (3) years of experience with Financial and credit-risk modeling using Excel, and Bloomberg
Three (3) years of experience with Advanced Excel for financial analysis and modeling to create risk and credit performance evaluation metrics and scorecards
Three (3) years of experience with Creating and running stress tests and scenario analyses, model validation and constructing linear regressions
Three (3) years of experience with Risk framework development by using Python and SQL to extract data for ongoing risk analysis, and developing data-driven processes to evaluate sponsor financial health and risks
Three (3) years of experience with Creating and leading risk management reviews
Three (3) years of experience with Developing scenario analyses for stress-test informing capital allocation decisions
Three (3) years of experience with Credit Risk analysis
Three (3) years of experience with Statistical modeling techniques including regression analysis.

Responsibilities

Evaluate the creditworthiness of primary market asset-backed securities (ABS) deals by performing scenario analysis on collateral cashflows and assessing transaction documents and structures.
Monitor collateral performance across ABS investments in various subsectors, including esoterics, consumer loans, solar loans, student loans and others.
Analyze relative value and recommend portfolio positioning within ABS market.
Trade ABS bonds in the secondary market to carry out team’s investment views.
Present updates on consumer credit and the ABS market to multi-sector PMs.
Use coding skills to improve processes and functions.