Associate, Agency MBS Trader

About this role

Black Rock Global Markets group (BGM) was created to advance our investment processes and platform architecture, and ensure we most efficiently engage with other market participants in a collaborative, strategic way.

Within BGM, Black Rock's Trading organization operates with the goals of enhancing trading standards across asset classes, streamlining, and leveraging counter-party relationships, attracting, and retaining top trading talent in the industry, and developing a One Black Rock culture around trading activities. Partnering with portfolio management and regional leadership teams, Trading strives to deliver benefits of scale, enhance processes and transparency, improve trading performance, and drive innovation to provide tangible benefits to our clients, investment professionals and shareholders.

Job Purpose/Background:

The Fixed Income Trading Team in the US is seeking a trader to primarily aid in the execution of MBS products and related hedges. The successful candidate will be able to demonstrate the ability to interact effectively with both internal and external partners to provide best execution and market flow information for investment activities in the agency MBS market. Fundamental knowledge of fixed income markets is strongly preferred.

Key Responsibilities:

* Primarily support trading order workflow and execution of specified pools, TBAs, agency CMOs, and related hedges

* Provide insight into market activity and disseminate market intelligence and flow information to multiple PM teams

* Engage actively with sell-side liquidity partners and provide ongoing feedback on counter party relationships

* Identify areas for process improvements and coordinate with internal stakeholders to lead development of workflow efficiency across the mortgage and rates platform

Qualifications:

* Experience with fixed income cash and derivatives products, preferably including agency MBS

* 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

* Demonstrated ability to prioritize demands in a high-volume, high-pressure business

* Ability to work in an entrepreneurial environment and to be a motivated and adaptable self-starter

* Excellent communication skills are a must

* Series 7 and 63 are preferred but not required

For New York, NY Only the salary range for this position is USD$ - USD$ . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 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 Black Rock, please visit @blackrock | Twitter: @blackrock | Linked In:

Black Rock 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,…