New York, NY, 10176, USA
2 days ago
Fundamental Fixed Income (FFI) - Associate, Asset-Backed Securities (ABS) Portfolio Manager
**About this role** **Description:** BlackRock’s Fixed Income team manages more than $1 trillion in global fixed income assets across index, active long-only, alternative, and liability driven strategies. The platform offers fixed income investors one of the industry's broadest array of investment choices across model-based and fundamental investment styles. Our Securitized Assets Portfolio Management Team is searching for an Asset-Backed Securities Portfolio Manager based in New York City. **Your team:** The Asset-Backed Securities portfolio management team uses fundamental analysis to manage our client’s assets in Consumer, Commercial, and Esoteric asset-backed securities and loans. We actively participant in primary market, secondary market, and private transactions to best serve our clients’ needs. **Your role and impact:** You will play a role in all aspects of the ABS team’s operations and work closely with other members of the Securitized Assets team as well. You will balance your time between macro-economic portfolio management concepts and bond-specific analysis. You will use a deep relative value analysis to help maximize returns for our clients. **Your responsibilities:** + Evaluate the creditworthiness of primary market 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 the 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 your coding skills to improve processes and functions. **Required qualifications:** + 2-5 years of relevant and similar experience working in fixed income markets (may include research, trading, banking/syndicate, risk management, and/or general portfolio management experience) + Bachelor’s degree + Strong financial modeling, organizational, and communication skills + Proficient in Excel and PowerPoint **Preferred qualifications:** + Experience in evaluating credit and/or trading in esoteric ABS sectors including, but not limited to, whole business, railcar, aircraft, timeshare, container, and data center/cell tower + Progress toward the CFA designation + Experience with tools such as Intex, Bloomberg, Aladdin + Strongly proficient in Python or other coding languages For New York City only: The salary range for this position is $115,000 - $147,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. 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.
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