About this role
Company: BlackRock Institutional Trust Company, N.A.
Job Title: Associate
Location: 400 Howard St San Francisco, CA 94105
Job Duties: Proficient in managing a portfolio of municipal securities. Focused on managing duration and credit risk in 40-Act funds. Coordination of information and trading strategy among the Portfolio Management team. Utilize technology and analytical tools to enhance processes and create scale. Assess relative values across the investment grade municipal universe, implement investment recommendations and maintain credit surveillance processes. Leverage liquidity sources for both taxable and tax-exempt municipal bonds, constructing trading baskets for ETFs, and monthly fund rebalance activities. Working with index providers to correctly build and maintain index constituents.
Qualifications: Bachelor’s degree in Mathematical Economics, Finance, Business Administration, Statistics, or a related field and two (2) years of experience in the job offered or as an Analyst, or a related role. Must have two (2) years of experience with: Analyzing trading performance using market data including TRACE trading reports, and Bloomberg data; Applying statistical inference and machine learning for assessing relative value of equity options; Python and SQL for data analysis; Managing technology projects and integrating systems in the context of a financial institution; Interpreting macroeconomic and idiosyncratic market data and leveraging for portfolio decisions; Price negotiation with broker-dealers and alternative liquidity providers in the market; Understanding option valuation models and applicability to equity options; and Understanding of first and second order factors driving portfolio performance for risk management.
To apply, please click “Apply” on this webpage.
For San Francisco, CA 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.
