About this role
Company: BlackRock Financial Management, Inc.
Job Title: Associate
Location: 50 Hudson Yards, New York, NY 10001
Job Duties: Evaluate the creditworthiness of primary market asset-backed securities (ABS) deals by performing scenario analysis on collateral cashflows and assessing transaction documents and structures. Monitor collateral performance across ABS investments in various subsectors, including esoterics, consumer loans, solar loans, student loans and others. Analyze relative value and recommend portfolio positioning within ABS market. Trade ABS bonds in the secondary market to carry out team’s investment views. Present updates on consumer credit and the ABS market to multi-sector PMs. Use coding skills to improve processes and functions.
Qualifications: Bachelor’s degree in Finance, Economics, Business Administration, Accounting or a related field and three (3) years of experience in the job offered or as an Analyst or a related financial analytics role. Must have three (3) years of experience with: Financial and credit-risk modeling using Excel, and Bloomberg; Advanced Excel for financial analysis and modeling to create risk and credit performance evaluation metrics and scorecards; Creating and running stress tests and scenario analyses, model validation and constructing linear regressions; Risk framework development by using Python and SQL to extract data for ongoing risk analysis, and developing data-driven processes to evaluate sponsor financial health and risks; Creating and leading risk management reviews; Developing scenario analyses for stress-test informing capital allocation decisions; Credit Risk analysis; and Statistical modeling techniques including regression analysis.
To apply, please click “Apply” on this webpage.
For New York, NY Only the salary range for this position is USD$143,500.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
