BlackRock's Securitized Assets Portfolio Management Team is seeking a Junior Asset-Backed Securities Portfolio Manager and Trader to manage client assets in various asset-backed securities and contribute to the team's investment process.
Requirements
- 3–5 years of relevant experience in fixed income markets (including research, trading, banking/syndicate, or portfolio management)
- Experience with Intex
- Proficient in Excel and PowerPoint
- Experience in evaluating credit and/or trading in various ABS sectors including, but not limited to, autos, cards, student loans, and unsecured consumer
- Experience with tools such as Bloomberg, dv01, Aladdin
- Proficient in Python
Responsibilities
- Trade ABS bonds in the secondary market to carry out the team’s investment views
- Support Senior PMs in evaluating public and private asset-backed transactions by modeling collateral cashflows, evaluating structures, and assessing relative value
- Assist Senior PMs in managing transactional aspects of the end-to-end process of negotiating, structuring and closing asset-based finance transactions
- Perform diligent reviews of transaction documents including deal-over-deal changes, cashflow waterfall, reps and warranties, and other key deal characteristics
- Resolve requests related to analytics modeling, pricing, settlement, and other operational tasks related to the team’s investments
- Contribute to consumer research and issuer/collateral surveillance
- Use coding or other skills to improve investment processes and functions
Other
- Bachelor's degree
- Strong financial modeling, organizational, and communication skills
- Progress toward the CFA designation
