BlackRock's Global Trading business needs to execute equity and equity derivative orders efficiently and effectively for its internal investment teams and products, aiming to achieve optimal outcomes for clients by seeking Best Execution, reducing transaction costs, and identifying outperformance opportunities.
Requirements
- 5-7 years of relevant equity or equity derivatives trading experience
- Comprehensive understanding of liquidity and microstructure of equity markets
- Extensive experience using electronic/algorithmic execution tools
- Strong understanding of concepts in portfolio-/risk management
- Demonstrated proficiency with technology across trading systems/platforms (FlexTrader, TradeWeb, and BBG experience preferred)
- Data analysis or financial coding skills preferred (Python, R, SQL, etc.)
Responsibilities
- Seek to provide Best Execution across a range of equity and equity derivatives products (futures, ETFs, TRS, convertible bonds) for BlackRock’s internal businesses
- Manage orders and trading workflow in a risk-controlled manner as a fiduciary
- Monitor market activity in areas of specialization and provide feedback to portfolio managers and internal partner groups
- Support investment teams with market color, information flow, and data analysis requests
- Oversee day-to-day tasks in support of trading activities and as a liaison with trading operations
- Proactively contribute to improving investment processes to reduce transaction costs and to identify outperformance opportunities
- Partner with internal eTrading and Trading Research groups to innovate systems, trading analytics, and coordinate implementation
Other
- BA/BS or higher degree(s)
- Effective communication skills and demonstrated ability to work with multiple partners and stakeholders
- Analytical and creative approach to solving complex problems
- Well organized, disciplined approach to work with a high level of attention to detail
- Willingness to learn and trade new asset classes and trading strategies
- Strong work ethic with high degree of self-motivation
- Actively participate in internal and external speaking engagements, showcasing expertise in markets, products, and representing BlackRock’s institutional strengths
- Develop and maintain essential external relationships as required for Best Execution
