Junior Portfolio Manager, Emerging Markets - Global Fixed Income, Associate

About this role

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’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous 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.

The Emerging Market Debt Team within BlackRock’s Global Fixed Income platform is seeking a Junior Portfolio Manager to oversee portfolio construction, risk budgeting and consistency across EM Crossover and dedicated strategies.  These portfolios invest across the spectrum of hard currency, local currency and corporate credit and use of derivatives to meet the investment objectives.  Clients include pension funds, corporate treasury departments and retail investors, with portfolio types spanning separate accounts, mutual funds and ETFs.  The disparate nature of the client base results in portfolios with varying alpha targets and opportunity sets.  The PM will be responsible for portfolio construction for this group of portfolios and strategies, customizing trade targets based on client objectives, guidelines and team views and implementing investment process enhancements through coding and automation.

Responsibilities:

• Develop a deep understanding of client specific guidelines and objectives and customize portfolio construction accordingly.

• Assist with day-to-day portfolio management activities including raising orders, target changes, compliance management, cash management and derivative lifecycle.

• Leverage technical skills to make continual improvements to the investment process, increasing efficiency and reducing operational risk.

• Automate processes to speed implementation of risk, decrease dispersion of PnL outcomes and detect risk deviations

• Utilizing centralized investment support functions to assist the EM Portfolio Management Team

• Contributing to full lifecycle of the investment process, including idea generation, trade implementation, risk management and attribution

• Support the development of new scalable and automated processes in partnership with software developers

• Develop expertise across Aladdin applications (Explore, Portfolio Construction, Portfolio Monitor, Portfolio Risk Tools, etc.) and Bloomberg

• Work with trading, legal and operational partners to implement portfolios as needed

Requirements:

• 3/4+ years of experience in a fixed income portfolio management, risk management or analytics role.  Experience in Fixed Income Emerging Markets and/or degree in technical field is a plus

• Strong technical, data analysis skills and coding using programming languages, including VBA, R, and Python, and handling large datasets to create automated and algorithmic portfolio construction solutions

• 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

• Effective communication skills

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a 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.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.