BlackRock Junior Fixed Income Rates Trader

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • BlackRock
  • 01 Oct 16

BlackRock Junior Fixed Income Rates Trader

New York - Junior Rates Trader
BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

BlackRock's Fixed Income team manages more than $1 trillion in global fixed income assets across index, active long-only, alternative, and liability driven investment strategies. The platform offers fixed income investors one of the industry's broadest arrays of investment choices across model-based and fundamental investment styles.

Job Purpose/Background:

The Fixed Income Trading Team in New York is seeking a junior trader to primarily cover North American interest rates trading. The successful candidate will be able to demonstrate the ability to interact effectively with senior traders and portfolio managers, multiple internal groups, and the sell-side, in order to provide best execution, maintenance, and market flow information for investment activities in interest rate markets. Fundamental knowledge of the North American Rates market and familiarity with the recent regulatory environment are preferred.

Key Responsibilities:

  • Work closely with senior traders to provide best execution in core rates markets for Fixed Income PM teams
  • Primarily support order work flow and execution of instruments covering, Treasury, TBA, TIPS, and interest rate futures markets
  • Provide effective execution of structured derivative ('package') trades for maintenance and hedging needs, as well as to gain exposure to duration, curve, spreads, and volatility
  • Work closely with senior traders and PM teams to assist with maintenance, liquidity needs, and trade structuring to achieve efficient execution
  • Provide insight into market activity and disseminate market intelligence and flow information, engaging with the sell-side and providing input on counterparty relationships
  • Work both independently and with other BlackRock teams to develop technology to enhance work flow and analysis across the derivatives platform

  • Experience with fixed income rates trading across multiple products
  • Fundamental competence with basic fixed income concepts
  • Strong quantitative skills, attention to detail, and a sense of urgency are vital
  • Programming and scripting skills are preferred, experience in software development is a plus
  • Demonstrate the ability to prioritize demands in a high volume, high pressure business
  • Familiarity and/or experience with the current regulatory environment
  • Ability to work in entrepreneurial environment and to be a motivated and adaptable self-starter
  • Excellent communication skills are a must

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, disability, veteran status, and other statuses protected by law.