Securitized Assets Junior Portfolio Manager, Financial Institutions Group - Associate

About the Role

BlackRock is a leading global asset management firm dedicated to helping clients secure a better financial future through a broad range of investment, risk management, and advisory services. Our Fixed Income division manages over $1 trillion in assets, offering diversified active and index-based strategies. The Financial Institutions Group handles extensive Fixed Income portfolios including more than $100 billion in Structured Products across various collateral and legal structures.

We are seeking a Junior Portfolio Manager specialized in Securitized Assets to work closely with Lead Portfolio Managers in ensuring investment ideas originating from BlackRock's research, trading, and capital markets teams are correctly integrated into portfolios while adhering to risk and investment guidelines. This role entails generating alpha, yield, and strategic ideas by supporting all stages of the investment lifecycle and developing analytical tools, reports, and frameworks for performance attribution, risk monitoring, and customized client solutions.

Key Responsibilities

• Collaborate with teams managing asset-backed securities (ABS), collateralized loan obligations (CLO), commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities (RMBS) markets to cultivate investment ideas and oversee portfolios.
• Work with technology, research, and investment groups to enhance and scale investment workflows including portfolio construction, risk management, and performance attribution.
• Lead exploratory projects employing generative AI to improve investment analysis tools and monitoring technologies.
• Engage in all aspects of investment transactions from initiation through execution in primary and secondary markets.
• Offer quantitative and analytical assistance to portfolio managers focused on securitized securities.
• Conduct fundamental deal research and relative value assessments to formulate investment recommendations.
• Prepare investment committee materials, surveillance reports, and other documentation for new and existing holdings.
• Build and maintain strong partnerships with internal teams and major broker-dealers to facilitate communication and collaboration.
• Generate and disseminate regular sector updates, market commentary, and tailored presentations for internal and client use.
• Coordinate onboarding and support for new mandates with Product Strategists, including report generation and responses to client inquiries.
• Participate in client-facing portfolio reviews and presentations to enhance the client experience.
• Gather and synthesize information from industry conferences, management discussions, and sector research for ongoing portfolio and market insights.

Qualifications

• Bachelor’s degree required; progress towards CFA certification is advantageous.
• At least 2 years of relevant experience with Fixed Income markets and strong familiarity with securitized assets highly preferred.
• Solid understanding of fixed income fundamentals, bond mathematics, and risk concepts.
• Proficiency in Python and experience managing large datasets; knowledge of SQL and working with data APIs is strongly preferred.
• Experience in securitized asset origination or deal structuring is a plus.
• A capability to quickly grasp complex fixed income market structures, liquidity, and trading mechanisms.
• Ability to understand and apply quantitative risk and exposure concepts to portfolio management.
• Experience with financial institution or insurance portfolio management, including accounting or yield-driven strategies, is beneficial.
• Advanced technical skills including Excel and familiarity with Aladdin platform; programming and SQL capabilities highly valued.
• Adaptability to dynamic market conditions and performance under tight deadlines.
• Strong analytical skills with meticulous attention to detail.
• Effective interpersonal communication and teamwork abilities.

Compensation and Benefits

Position based in New York, NY offers a salary range from $116,000 to $155,000 annually, complemented by an annual discretionary bonus and comprehensive benefits including healthcare, retirement plans, and leave benefits. BlackRock follows a pay-for-performance compensation model aligning with firm, department, and individual achievements.

Our benefits package supports employee well-being with initiatives like tuition reimbursement, flexible time off, strong retirement plans, and support for working parents.

Work Environment

BlackRock adopts a hybrid work model encouraging collaboration and flexibility. Employees are expected to be onsite at least four days per week, with the option for one day of remote work, facilitating impactful in-person interactions and enhanced onboarding experience.

Additional Information

BlackRock fosters an inclusive workplace committed to equal opportunity and reasonable accommodations for qualified applicants with disabilities. Candidates are encouraged to apply regardless of arrest or conviction history as per applicable fair chance laws. Guidance on thoughtful AI use is provided during the hiring process to support candidates in showcasing their authentic capabilities.