BlackRock’s Index Fixed Income (IFI) team is responsible for managing over $1.5T in global index fixed income assets across developed and emerging markets, including Exchange Traded Funds (ETFs), Institutional, and mutual funds. Our clients include corporate and public pension plans, central banks, sovereign wealth funds and retail investors. The team works closely with many areas of BlackRock and is responsible for ensuring portfolios are managed efficiently and in a consistent, risk-controlled manner. BlackRock’s IFI business is the leading index investment group in the world. We help investors build better portfolios with the industry’s leading suite of investment tools.

Your role and impact:

You will be a member of the Agency Mortgage Portfolio Management team, managing a suite of Mortgage ETFs, comingled funds, mutual funds, and separately managed accounts. As a portfolio manager, you will drive investment decision making and exercise critical judgement across asset and cohort allocation, security selection, implementation methods, and trading decisions.

You will actively contribute to the investment outcomes of a $150B+ book of assets and drive the development and implementation of new products by applying your insights and expertise in the space. You will leverage best in class portfolio management technology and work closely with a team of colleagues to achieve BlackRock’s mission of providing superior investment products to our clients. Portfolio managers are relied upon to collaborate with client facing teams, execution traders, ETF Capital Markets, technology, compliance, and risk management teams to share knowledge to improve the investment ecosystem.

Key Responsibilities:

• Develop and implement investment strategies to manage over $150B of AUM across multiple benchmarks and constraints in a dynamic market environment

• Systematically conduct thorough analysis of market trends, prepayment data, and economic factors to inform investment decisions. Identify and assess relative value across the MBS universe, implement investment recommendations, and maintain risk oversight processes

• Support the construction and management of Agency MBS portfolios with daily flows including order raising, compliance resolution, cash management, TBA life cycle management, and risk hedging

• Enhance and streamline portfolio management processes across the fixed income platform by employing programming skills to design and implement scalable solutions and algorithms for automating key portfolio construction processes and analyzing complex data sets

• Utilize Aladdin, vendor technology, and other analytical tools to enhance and scale processes

• Monitor both market and operational risk at scale and ensure adherence to regulatory compliance

• Produce daily, periodic, and ad hoc analysis and reporting required by the PM team

• Contribute to and take ownership of continuous process improvement, strategic projects, and ad hoc analysis related to our platform

Skills:

• Markets/Quantitative skills: Experience analyzing and building resilient portfolios amidst a changing global macro environment, particularly within Agency MBS, with a strong background in quantitative analysis and model development. In-depth knowledge of Agency MBS market, origination market structure, and prepayment modeling

• Positive attitude and growth mindset: Takes initiative, has a strong curiosity for learning, and seeks ways to improve processes

• Detail-oriented and risk-minded: Ensures precision in all tasks and continuously refines processes for optimal efficiency

• Stress resilient and adaptive: Thrives in high-pressure environments, making sound decisions and swiftly adapting to changing situations and new challenges

• Multitasking expert: Proficient at prioritizing tasks and managing multiple responsibilities with shifting priorities, all while maintaining high-quality standards

• Excellent communicator: Solid communication and presentation skills, with the ability to articulate complex investment strategies to diverse audiences

• Team player: Works effectively with team members and develops relationships with partner groups across BlackRock

Qualifications:

• Bachelor’s degree in Finance, Economics, or a related field; advanced degree or CFA designation preferred

• 3-5 years of experience in managing agency MBS portfolios or related fixed income securities

• Advanced knowledge of Python and pandas applied to financial modeling and ability to write scalable production level code. Experience using APIs, quantlib, git, and unit testing is a plus.

• Bloomberg proficiency including extracting data both programmatically and via Excel

• Experience with Aladdin tools and datasets is a plus