Index Fixed Income Algo Engineer, Vice President

Description

About this role

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’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. 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.

Business Unit Overview

BlackRock Global Markets and Index Investments (BGM) brings together BlackRock’s Index Investments, Cash Management, Securities Lending and Financing, Global Trading, ETF Markets, Liquid Origination, and Markets Relationship Management businesses. Together, we serve clients at scale through:

Delivering performance and risk management

Technology at the heart of our processes, with in-business tech teams that create cutting-edge IP, providing an advantage in quality, scale, and risk control

A focus on transforming markets, driving and advocating for more accessible, resilient, and transparent markets to deliver more choice and lower costs for investors

World class talent, operating at the intersection of investment insight, markets expertise, risk management and process design

Your team

The Index Fixed Income team is responsible for managing BlackRock’s index fixed income portfolios, including exchange-traded funds, mutual funds, and segregated mandates. The team works closely with colleagues across Fixed Income to ensure portfolios are managed efficiently, consistently, and within a robust risk-control framework.

BlackRock’s Index Fixed Income business is a leading global index investment group, helping investors build better portfolios through a broad suite of index investment tools. The business manages more than $2 trillion in global index fixed income assets across developed and emerging markets. Clients include corporate and public pension plans, central banks, sovereign wealth funds, and retail investors.

The Portfolio Management Architecture team designs and develops portfolio construction algorithms that increase automation and productivity across Index Fixed Income globally. The team partners closely with technology, portfolio management, and trading teams to deliver scalable tools and analytics that enhance investment outcomes and operational efficiency.

Responsibilities

• As a Vice President within the Portfolio Management Architecture team, you will combine fixed income portfolio management expertise with strong quantitative and technology capabilities to build solutions that improve portfolio construction and investment processes. You will develop prototypes that deliver immediate value, mature successful solutions into scalable production tools, and collaborate with portfolio managers, traders, and technology partners to drive innovation across the platform.
• A key focus of this role is advancing algorithmic portfolio management capabilities that support the continued growth of fixed income exchange-traded funds (ETFs) and other index investment strategies. You will play an important role in shaping the future investment process through automation, analytics, and data-driven decision making.
• Your responsibilities
• In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and combine the curiosity to explore new approaches and technologies with the rigor to challenge the results. The scope of this role also includes the following responsibilities:
• Design efficient algorithms and optimization solutions that automate key portfolio construction processes.
• Develop prototypes and production tools that improve portfolio management workflows and support scalable investment processes.
• Partner with portfolio managers to integrate new tools into daily processes and continually refine them based on investment needs and user feedback.
• Undertake portfolio management activities, as appropriate, to deepen your understanding of specific investment processes and identify opportunities for improvement.
• Partner with BlackRock Technology teams to design and develop the core algorithm platform.
• Develop additional desk tools that support portfolio managers and strengthen the investment process.
• Work with BlackRock Technology teams to ensure existing applications continue to evolve in support of portfolio management needs.
• Develop reporting methods and analytics that measure the effectiveness and impact of new tools and process improvements.
• Your experience
• A strong quantitative background demonstrated through a bachelor’s degree in mathematics, science, engineering, a related discipline, or equivalent practical experience.
• Proficiency in at least two programming languages, such as Python, Visual Basic, R, MATLAB, Java, or C++.
• Experience working as a portfolio manager or partnering closely with portfolio management teams.
• Working knowledge of fixed income markets and familiarity with a range of fund structures and investment styles, including index and active, fundamental and quantitative approaches.
• Strong problem-solving skills and a process-oriented approach to identifying and implementing improvements.
• Excellent collaboration and communication skills, with the ability to explain complex quantitative and technical concepts clearly to portfolio managers, traders, technology partners, and other stakeholders.
• &xa;For San Francisco, CA Only the salary range for this position is USD$155,000.00 - USD$210,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.&xa;
• Our benefits
• To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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.
• Guidance on AI use for candidates
• At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
• 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.
• To learn more about BlackRock, please visit Careers.BlackRock.com . We also encourage you to get to know us on LinkedIn , Instagram , YouTube , X , and TikTok .