Vice President, Financial Markets Advisory - Derivatives Portfolio Management

BlackRock • New York, NY

18d • $150,000 - $210,000 • Hybrid

About The Position

About this role About BlackRock’s Financial Markets Advisory Business BlackRock’s Financial Markets Advisory (FMA) group provides a wide range of services to governments, central banks, and financial institutions globally. FMA leverages the firm’s capital markets, data and risk analytics, technology, and financial modeling capabilities while maintaining stringent information barriers and other procedures to protect client sensitive information and manage potential conflicts of interest. FMA advises financial institutions, regulators and government entities on their most critical and complex financial issues – from bank stress-testing to unwinding a portfolio of assets to designing and executing bond purchase programs to support to the economy. We work with our clients’ senior management on balance sheet and capital markets exposures as well as a wide range of other strategic, regulatory, and operational challenges. Since our founding in 2008, we have completed over 500 assignments for more than 280 unique clients in over 30 countries. Our technology and analytical capabilities give us a unique ability to respond to client needs. We leverage BlackRock’s Aladdin® technology platform and the firm’s sophisticated capital markets, risk analytics, data management, and financial modeling capabilities to deliver results-oriented consulting and advisory services. Our professionals work out of all BlackRock regions (Americas, EMEA, APAC), allowing FMA to serve clients in different locations and respond to urgent needs as they arise. To deliver the most effective team for any client situation, we assign professionals based on their expertise and can deploy from multiple offices. FMA’s hedge advisory team manages and advises on derivatives programs on behalf of clients seeking to hedge capital markets exposure. As part of this offering, the team designs and implements a range of bespoke hedging solutions, primarily for insurance and reinsurance clients, creating the flexibility clients need to decouple investments from liabilities, pursue optimal investment strategies, and create higher yielding portfolios. While the candidate’s primary role will be supporting and growing FMA’s hedge advisory franchise, the candidate will also gain exposure to a wider range of FMA’s capital markets services, supporting offerings such as contingent management, liquidity advisory, transaction support, stress testing, etc. We seek a candidate with capital markets expertise to support FMA clients and their objectives.

Requirements

• 5+ years of experience within the financial services industry, including specific experience with interest rates and/or FX derivatives
• Fundamental understanding of collateral management for derivatives programs
• Familiarity with hedging dynamics & risk management best practices
• Broad understanding of financial institutions, fixed income assets and analytics, and capital markets
• Experience working at/with insurance companies, banks and/or other financial institutions clients
• Intellectual curiosity and comfort with expanding into unfamiliar topics
• Excellent analytical and problem-solving skills
• Takes initiative, and is comfortable performing under pressure to manage tight deadlines in a fast-paced, high-intensity environment
• Excellent Microsoft Excel skills; knowledge of Python or VBA a plus
• BA / BS degree

Nice To Haves

• Experience with Agency MBS a plus
• Experience with VaR modeling a plus
• Familiarity with market infrastructure (CCPs & exchanges, Prime Brokerage, etc.) a plus

Responsibilities

• Hedge Advisory: Support the design and ongoing management of bespoke hedging strategies on behalf of clients, serving as a derivatives portfolio manager, with a primary focus on interest rate and FX hedging for insurance / reinsurance clients
• Fixed Income: Support / lead the execution of fixed income portfolio analyses across recurring and ad-hoc client engagements, with a primary focus on risk management, trading dynamics, and market liquidity
• Develop a strong understanding of BlackRock’s modeling and analytical capabilities
• Perform comprehensive and in-depth market, transaction, and industry research
• Stay abreast of relevant market trends
• Understand client and business context driving client opportunities and challenges
• Participate in client meetings, presentations, and pitches and demonstrate ability to synthesize complex markets and analytics topics to internal and external audiences

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 and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees