Junior Trader, FX and Fixed Income recruitment
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
OVERVIEW:
The FX and Fixed Income Trading team executes all BlackRock’s FX, FI cash and derivative products. This includes substantial volumes of spot FX, FX forwards, government and corporate cash bonds, exchange traded futures and options, OTC interest rate and credit derivatives and repos. The desk supports a variety of internal investment teams, including Fundamental, Model Based, Global Macro and Fixed Income hedge funds, long only funds, ETFs, and Index funds.
RESPONSIBILITIES:
- Support trading desk to help manage orders and trade flow in a logical risk controlled manner with a high sensitivity to fiduciary responsibilities
- Provide ‘best execution’ across a range of FX and fixed income instruments for all BlackRock’s internal businesses
- Monitor market activity in areas of specialisation and provide feedback to portfolio managers
- Support investment teams in terms of information flow, trade ideas and data requests
- Deal with day-to-day administrative issues in support of trading activities and liaison with trading operations
- Pro-actively contribute to the investment process to both reduce transaction costs and identify alpha opportunities
- Working with internal IT and analytics groups to develop systems, analytics and coordinate trading activity
- Ad hoc project work
KEY ATTRIBUTES:
- Degree(s) in relevant subject such as economics, mathematics, engineering, physical science. CFA qualification/part qualification would be an advantage
- 3-5 years of relevant trading experience
- Strong understanding of bond mathematics, credit risk factors and implications for risk management
- First rate understanding of the liquidity and market microstructure of Fixed Income products, specifically cash bond markets
- Experience in trading credit and/or rates derivatives (CDS, IRS, OIS, options, swaptions) would be a benefit
- Effective communication skills and demonstrated ability to work with multiple partners and stakeholders
- Enthusiastic and positive approach to market challenges
- Excellent analytical skills applied in a practical environment
- Well organised, disciplined approach to work with a high level of attention to detail
- Highly computer literate, with advanced spreadsheet based skills
- Strong work ethic with high level of self-motivation