Agency - associate Job at BlackRock, New York, NY

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  • BlackRock
  • New York, NY

Job Description

Job description

About this role

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 meticulous 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.

Elevate your career by joining the world's largest asset manager! Thrive in an environment that cultivates positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success.

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

Role:

Investor on the agency mortgage alpha team with primary responsibility for fundamental prepayment and policy research. This is an investment role where the candidate should expect to have direct influence on the team’s positioning/portfolio management through developed expertise.

Responsibilities:

  • Identify persistent trends in prepayment behavior of both borrowers and originators to develop prepayment themes in coming months

  • Forecast short-term agency prepayments across vintage-coupon cohorts and assemble peer forecasts, producing monthly commentary with implications for future behavior

  • Analyze secondary market valuations and recommend trades based on prepayment themes

  • Assist with ad hoc investigations of collateral affecting existing or potential holdings, including TBA deliverable analysis

  • Maintain active knowledge of rules, regulations and policy initiatives of FHFA, FHA, Federal Reserve, and other relevant entities

  • Track new or potential policy developments affecting the agency mortgage market, including implications for mortgage valuations

Research the primary mortgage market:

  • Understand origination business processes and anticipate how changes in them alter prepayment behavior

  • Forecast application and sales volumes, compare and contrast housing indicators and prepayments

  • Keep diary of industry activity, reviewing industry newsletters and other sources

Qualifications:

  • Comfort working with urgency, being decisive without complete information, and providing best-effort solutions to emerging issue

  • Minimum three years of experience in mortgage market as trader/portfolio manager, prepayment emphasis preferred, or minimum five years of experience in fixed-income analytics with demonstrated knowledge of prepayment modeling or empirical finance methods

  • Strong written and verbal communication skills with ability to present persuasively to both expert and lay audiences

  • Formal education in quantitative field and programming experience preferred

  • Familiarity and comfort with handling large data sets and data studies in R, Python, or other programming language


For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock 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

BlackRock’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 BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement .

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy .

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.

Job Requisition #
R251294

Job Tags

Apprenticeship, Local area, Flexible hours, 1 day per week,

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