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.