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jobs description

Description

About this role...

Your team

The Index Fixed Income team has responsibility for managing Blackrock’s Index Fixed Income portfolios, including Exchange Traded Funds (ETFs) and mutual funds. The team liaises closely with many areas of Fixed Income and is responsible for ensuring that Fixed Income portfolios are managed effectively and in a consistent and risk-controlled manner.

Black Rock’s Index Fixed Income (IFI) business is the leading index investment engine in the world. We help investors build better portfolios with the industry’s leading suite of index investment tools. We manage over $1.5 trillion in global index fixed income assets across Global Developed and Emerging Markets.

IFI includes Black Rock’s iShares product line. With a global footprint, strong client orientation and an innovative product range, the fixed income suite sits at $700 billion in assets and over 380 Fixed Income ETFs. Our clients include corporate and public pension plans, central banks, sovereign wealth funds and retail investors.

Your role and impact

You will be a member of the Municipal Index Portfolio Management team, managing a suite of Municipal ETFs and mutual funds, including National, Short, California, New York and target-maturity funds. As portfolio managers, we contribute to and influence investment decision making, and exercise critical judgement across asset and sector allocation, instrument selection, implementation methods, and trading decisions.

You will actively contribute to the investment outcomes for over $50 billion in municipal assets, and the development and implementation of new products by providing your insights and expertise on municipal credits and supporting portfolio management functions across the investment grade municipal space. You will have the best in portfolio management technology and a team of colleagues working with you to achieve Black Rock’s mission to provide superior investment products to our clients.

Portfolio managers are relied upon by our partner groups to share their knowledge including with our client facing teams, ETF markets teams, technology, compliance, and risk management.

Job Description
• Proficient in managing a portfolio of municipal securities; focused on managing duration and credit risk in 40-Act funds.
• Coordination of information and trading strategy among the Portfolio Management team.
• Utilize technology and analytical tools to enhance processes and create scale.
• Assess relative values across the investment grade municipal universe, implement investment recommendations and maintain credit surveillance processes.
• Leverage liquidity sources for both taxable and tax-exempt municipal bonds, constructing trading baskets for ETFs, and monthly fund rebalance activities.
• Working with index providers to correctly build and maintain index constituents.

Qualifications
• BA/BS is required.
• CFA Charter holder designation or advanced degree a plus.
• 3+ years trading or portfolio management experience with tax exempt municipal bonds.
• Strong technical skills with an interest in technology solutions related to portfolio management and trading.
• Excellent verbal and written communication, collaboration, and relationship-building skills
• Meticulous attention to detail with an ability to remain focused across a wide range of portfolio types and activities.
• Strong process awareness and ability to address operational risk issues.
• High degree of professional discretion, integrity, and judgement
For California 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. Black Rock 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

Black Rock’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 Black Rock.

About Black Rock

At Black Rock, we are all connected by one mission: to help more and more people experience…
Atlanta GA USA

salary-criteria

Apply - Index Fixed Income Muni Portfolio Manager, Associate Atlanta