Credit Research Analyst - European ABS, Vice President Credit Research Analyst - European ABS, Vice  …

in London, United Kingdom
Permanent, Full time
Last application, 15 Oct 21
in London, United Kingdom
Permanent, Full time
Last application, 15 Oct 21
Credit Research Analyst - European ABS, Vice President

About this role

Business Overview

BlackRock's Fundamental Fixed Income (FFI) business manages more than $1 trillion in global fixed income assets across index, actively managed, alternative, and liability driven investment strategies. The platform offers fixed income investors one of the industry's broadest array of investment solutions across model-based and fundamental investment styles.

Within FFI, the European ABS team is responsible for analysing new issues, secondary opportunities and existing exposures and managing European ABS strategies across BlackRock's fixed income portfolios and institutional clients' segregated mandates. The European ABS team is part of a Global Securitised team which combined has more than $80bn MV under management.

BlackRock is seeking a Vice President level credit research analyst to work in the European ABS team in London. The successful candidate will be part of a team where credit research and portfolio management work together to support and/or manage all European ABS classes including traditional ABS and corporate style securitisations (but excluding leveraged loan CLOs).

Key Responsibilities

The candidate will be responsible for:

  • Performing comprehensive credit and cashflow analysis across the full capital structure of European ABS transactions (predominately RMBS)

  • Undertaking analysis for both primary and secondary opportunities considering relative value and potential alpha generation

  • Analysing and reviewing transaction documentation

  • Reviewing underwriting and servicing of transaction originators and servicers. Participating in dealer roadshows and onsite due diligence

  • Communicating with transaction parties including arrangers and originators

  • Providing high quality credit opinions to be presented to the European ABS team and analytical support for regular updates to clients on positions

  • Assessing the ESG factors of a transaction and applying BlackRock's framework

  • Tracking issuer, asset class and industry trends

Experience and Qualiciations:

  • Considerable in-depth experience in the analysis of Residential Mortgage-Backed Securities. Experience with other asset classes is preferred

  • Understanding of the European ABS market and regulatory landscape

  • Excellent oral and written communication skills essential for presenting credit opinions internally and for communicating with clients and other market participants

  • Solid understanding of reviewing legal documents from a credit risk perspective

  • A strong work ethic with a team-focused approach. Comfortable working within a disciplined investment process using both quantitative and qualitative tools

  • Strong interpersonal skills with ability to build and develop internal and external networks

  • Highly numerate and analytical with advanced Excel and Intex knowledge

  • Bachelor's Degree, ideally in a quantitative subject

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.

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 children's 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. It's why we're 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 | | Instagram: @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.
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