Associate, Agency MBS Trader

BlackRock • New York, NY

9d • $116,000 - $155,000 • Hybrid

About The Position

About this role BlackRock Global Markets group (BGM) was created to advance our investment processes and platform architecture, and ensure we most efficiently engage with other market participants in a collaborative, strategic way. Within BGM, BlackRock’s Trading organization operates with the goals of enhancing trading standards across asset classes, streamlining, and leveraging counter-party relationships, attracting, and retaining top trading talent in the industry, and developing a One BlackRock culture around trading activities. Partnering with portfolio management and regional leadership teams, Trading strives to deliver benefits of scale, enhance processes and transparency, improve trading performance, and drive innovation to provide tangible benefits to our clients, investment professionals and shareholders. Job Purpose/Background: The Fixed Income Trading Team in the US is seeking a trader to primarily aid in the execution of MBS products and related hedges. The successful candidate will be able to demonstrate the ability to interact effectively with both internal and external partners to provide best execution and market flow information for investment activities in the agency MBS market. Fundamental knowledge of fixed income markets is strongly preferred.

Requirements

• Experience with fixed income cash and derivatives products, preferably including agency MBS
• Fundamental competence with basic fixed income concepts
• Strong quantitative skills, attention to detail, and a sense of urgency are vital
• Demonstrated ability to prioritize demands in a high-volume, high-pressure business
• Ability to work in an entrepreneurial environment and to be a motivated and adaptable self-starter
• Excellent communication skills are a must

Nice To Haves

• Programming and scripting skills are preferred
• Series 7 and 63 are preferred but not required

Responsibilities

• Primarily support trading order workflow and execution of specified pools, TBAs, agency CMOs, and related hedges
• Provide insight into market activity and disseminate market intelligence and flow information to multiple PM teams
• Engage actively with sell-side liquidity partners and provide ongoing feedback on counterparty relationships
• Identify areas for process improvements and coordinate with internal stakeholders to lead development of workflow efficiency across the mortgage and rates platform

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees