Fixed Income - Short Duration Portfolio Manager, Associate
About The Position
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 around the world. BlackRock offers a range of solutions - from meticulous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares ETFs. Elevate your career by joining the world's largest asset manager! Thrive in an environment that cultivates positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. 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.
Requirements
- 3-6 years of experience in a fixed income portfolio management, risk management or analytics role
- Expertise across Aladdin applications (Explore, Portfolio Construction, Portfolio Monitor, Portfolio Risk Tools, 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
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.
Benefits
- employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
- strong retirement plan
- tuition reimbursement
- comprehensive healthcare
- support for working parents
- Flexible Time Off (FTO)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Funds, Trusts, and Other Financial Vehicles
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
