BlackRock Global Markets (BGM) - Associate, Fixed Income Repo Trader Job at BlackRock, New York, NY

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  • BlackRock
  • New York, NY

Job Description

**About this role**

**Your role and impact:**

BlackRocks Financing business handles over $100 billion of gross notional exposure globally. With diverse balances spread across US and non-US fixed income, BlackRock is on the forefront of market developments. With a focus on cutting edge technology and imbedded research, our investment management approach to lending provides superior performance for our clients and is an important part of the BlackRock brand. In this fast paced and dynamic environment, BlackRock is a pioneer of using sophisticated tools combined with fundamental insights from traders to optimize the performance of its program.

Within Global Trading, we are seeking a Repo trader based in New York. Our traders perform a critical role in relation to alpha generation and cost minimization for scientific, fundamental and active products. They partner with portfolio managers to optimize returns through a variety of trade types. Traders represent the firm for a selective group of markets or asset classes, are the primary owner of BlackRocks relationships with top tier prime brokerage firms and counterparties, and offer the premier securities finance product in the market today.

**Your Responsibilities:**

+ Daily trading and strategy input for the North America Repo book, managing repo across multiple funds, including Hedge Funds, Separate account and selective US mutual funds.

+ Trading global credit, sovereign and emerging market fixed income securities across multiple currencies, and handle daily risk exposures with strong attention to detail.

+ Drive our counterparty relationships and expand existing relationships.

+ Play an active role within the investment process, delivering a high level of service to portfolio managers across the business by providing market color, daily locates and assistance for repo to the investment side of the business.

+ Analyze book performance and market trends daily, providing commentary to management and PM teams.

+ Utilization of skills to improve trading performance, looking for efficiencies to build best in class quantitative and technological solutions.

+ Forward thinking active trading ability is a must, with superior people and relationship management skills equally as important.

**Your Qualifications:**

+ BA in Finance or similar 4 year degree

+ 2+ years of professional trading experience and/or knowledge of Aladdin trading platform preferred but not required

+ Advanced experience with Excel and other technical abilities preferred (Python, SQL, VBA, Business Objects). Python programming is a major advantage.

+ Demonstrated intellectual curiosity in financial markets, an appetite for consistent learning is a must, experience of Fixed Income markets and monetary policy is helpful.

+ Problem solver, comfortable taking initiative, and able to work both independently and within a team in an environment that is dynamically changing.

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**

BlackRocks 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 childrens 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. Its why were 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:

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.

BlackRock

Job Tags

Apprenticeship, Flexible hours, 1 day per week,

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