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High Yield Trader, Associate

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BlackRock

Aug 25

Applications are closed

  • Job
    Full-time
    Entry, Junior & Mid Level
  • New York

Requirements

  • - Strong understanding of bond mathematics, credit risk factors and implications for risk management
  • - Demonstrated interest in global capital markets, specifically with reference to Leveraged Finance products
  • - Effective communication skills and demonstrated ability to work with multiple partners
  • - Strong intellectual capacity and analytical attitude
  • - Well organized, disciplined approach to work with a high level of attention to detail
  • - Highly computer literate, with advanced spreadsheet based skills (Advanced Excel, VBA, MatLab)
  • - Strong work ethic with high level of self-motivation

Responsibilities

  • Provide ‘best execution’ across a range of instruments (HY bonds, converts, equities and credit derivatives)
  • Manage orders and trade flow in a logical risk controlled manner with a high sensitivity to fiduciary responsibilities
  • Review market activity in areas of specialization and provide feedback to portfolio managers
  • Supporting portfolio managers in terms of information flow, trade ideas, and data requests
  • Dealing with day-to-day administrative issues in support of trading activities and liaison with trading operations
  • Pro-actively contribute in to the investment process to both reduce transaction costs and identify alpha opportunities

FAQs

What is the primary focus of the High Yield Trader position at BlackRock?

The primary focus is to support the High Yield team in its investment activities, particularly in the Leveraged Finance markets, while working with various trading instruments such as HY bonds, converts, equities, and credit derivatives.

What are the key responsibilities of the High Yield Trader?

Key responsibilities include providing 'best execution' across a range of instruments, managing orders and trade flow, reviewing market activity, supporting portfolio managers, handling administrative issues related to trading, and contributing to the investment process to reduce transaction costs and identify alpha opportunities.

What qualifications are desired for this role?

Desired qualifications include a strong understanding of bond mathematics, credit risk factors, an interest in global capital markets specifically in Leveraged Finance products, effective communication skills, strong analytical capabilities, advanced spreadsheet skills (Advanced Excel, VBA, MatLab), and a disciplined, organized approach to work.

What is the salary range for the High Yield Trader position in New York City?

The salary range for this position is $115,000 - $147,500, in addition to eligibility for an annual discretionary bonus and benefits.

What are the benefits offered by BlackRock to employees?

BlackRock offers a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO) among others.

How many days a week are employees required to work in the office?

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.

What kind of work culture does BlackRock promote?

BlackRock promotes a hybrid work model designed to encourage collaboration and apprenticeship, facilitating rich experiences through in-person interactions while providing flexibility to employees.

Is BlackRock an equal opportunity employer?

Yes, BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer, evaluating qualified applicants without regard to various protected statuses by law.

Global investment manager. Technology provider. Helping more and more people experience financial well-being.

Finance
Industry
10,001+
Employees
1988
Founded Year

Mission & Purpose

BlackRock is a global asset manager and technology provider. Our purpose is to help more and more people experience financial well-being. We help millions of people invest to build savings that serve them throughout their lives. We make investing easier and more affordable. We advance sustainable investing because our conviction is it delivers better outcomes for investors. We contribute to a more resilient economy that benefits more people. Together with our clients, we’re contributing to a more equitable and resilient world – today and for generations to come. That’s why, we’re asking bigger questions – of ourselves, our industry, and the world at large. Questions that challenge convention and give rise to new thinking. Because the bigger questions we ask, the bigger actions we can take. Follow us for global insights shaping the economy, innovative thinking around the path to net zero and more information on culture and careers at BlackRock.

Benefits

  • Financial Well-being

    We help more and more people experience financial well-being – which applies as much to you as it does to our clients. At BlackRock, you’ll have access to our competitive retirement plan as well as financial coaching and educational resources to help you build a sound financial future.

  • Healthcare

    We provide a great selection of benefits and programs to help you manage health care costs, live a healthy lifestyle and find the right care, whenever you need it.

  • Physical well-being

    We know that physical well-being is an important component of maintaining your overall health – both now and in the future. Our comprehensive physical well-being benefits help you stay active, eat better and feel energized.

  • Life management

    We know managing life, work and everything in between can be difficult. So, whether you need a little R&R or time to tend to other matters, Flexible Time Off allows you to take time away from work, stress free, to focus on moments that are important to you.

  • Emotional well-being

    We understand emotional resilience is key to helping you thrive – in your life and at work. Whether you’re looking for ways to handle life’s many challenges, reduce your stress or boost your happiness by volunteering your time in service to others, our resources can help you navigate all kinds of situations.

  • Professional well-being

    Focus on your strengths and build the​ expertise you need to further your career. Our BlackRock Academies, structured training by​ program and employee networks, provide resources for​ meaningful networking, skill building and professional as​ well as personal growth.

  • Pay for Performance

    Our pay for performance approach means your total compensation reflects individual, business and company performance. For our full-time employees, total compensation includes a base salary plus an annual discretionary bonus.

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