Associate, LDI Technology Team - Algo Engineer

The Fixed Income departments at BlackRock, part of the comprehensive Portfolio Management Group (PMG), manage more than $2.5 trillion in fixed income assets across index, active, and the $307B liability driven strategies business. The PMG Fixed Income platform offers fixed income investors one of the industry’s broadest array of investment choices across index, model-based and fundamental investment styles. The Liability Driven Investment (LDI) business is a distinct part of Global Fixed Income which leverages the breadth and depth of the entire fixed income platform when delivering investment solutions for our clients. BlackRock has been managing LDI mandates for over 20 years. We are passionate about designing and implementing fixed income solutions to help, primarily, pension fund clients to meet their long-term investment objectives. We are an investment team with offices located in New York, Atlanta, San Francisco, London, Gurgaon, and Budapest split across Client Portfolio Management and Core Portfolio Management sub-teams. Our day to day activities range from monitoring the markets, modelling solutions and formulating the investment proposition, to trade construction, to designing the operational structure of the mandate and working with multiple BlackRock teams to implement it.

Key responsibilities

• You will be a developer for LDI Core PM technology initiatives to implement and manage the code base used by the LDI Core PM team.
• Understanding portfolio management processes, the data they use, the architecture they run on.
• Designing, implementing and maintaining the technology platform and tools with a focus on driving forward new development requirements, managing production issues and streamlining existing processes.
• Developing both prototypes and production tools.
• Applying quality software engineering practices through all phases of development, through to production.
• Implementing processes to automate and streamline development, support, and technical management.
• Debug and provide solutions to complex bugs within the technology space.
• Develop reporting methods and analytics on new tools to ensure improvements can be measured.
• Upskilling and training Core PMs on new technology and assist in integrating into established processes.
• Partner with BlackRock Technology teams and the Core PM Architecture team to ensure existing platform and applications continue to evolve to support Core PM needs.

Skills and experience required

• Solid quantitative background (at least BA/BS in IT, Computer Science or in a Technology-related field).
• Strong focus on Python.
• Involvement in end-to-end development process, including turning requirements into code, and facilitating successful testing and release into production.
• Excellent verbal and written English skills.
• Problem-solving skills and process-oriented approach.
• Excellent teamwork and communication skills.
• Knowledge of Fixed Income markets beneficial.
• Knowledge of BlackRock Aladdin tools beneficial.
• Ability to understand diverse requirements from stakeholders and deliver on the key priorities.
• Experience with Cloud platforms like Microsoft Azure is a plus.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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.

About BlackRock

At BlackRock, 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.