Portfolio Manager

Description:

BlackRock, one of the world’s leading asset management firms with over $1 trillion in global fixed income assets under management, is seeking an Associate Portfolio Manager to join its Securitized Assets Portfolio Management Team in New York, NY. This team specializes in investments across US Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), Collateralized Loan Obligations (CLOs), and Residential Mortgage-Backed Securities (RMBS). The role offers an opportunity to work on multi-sector fixed income portfolios including SMAs, mutual funds, closed-end funds, and ETFs.

The Associate Portfolio Manager will balance responsibilities across portfolio management, investment analysis, and process improvement. This includes collaborating with lead portfolio managers, risk and quantitative analysis teams, compliance, product strategy, and operations. The position requires a strong foundation in fixed income markets and a combination of technical, analytical, and communication skills.

Key Responsibilities:

• Execute portfolio management activities including securitized order allocations, handling portfolio flows, and ensuring compliance with investment guidelines.

• Develop deep product expertise by analyzing fundamental stories, structural features, and cash flow profiles of securitized products.

• Monitor securitized markets and perform statistical and fundamental analysis to identify opportunities.

• Customize securitized allocations based on client portfolio needs and constraints.

• Build and maintain scalable portfolio construction, security analysis, and relative value tools to enhance efficiency.

Required Qualifications:

• 2–5 years of experience in fixed income markets.

• Bachelor’s degree in a STEM field.

• High proficiency in Python and Excel.

• Strong organizational and communication skills.

Preferred Qualifications:

• Experience in securitized credit research, management, trading, or syndication.

• Familiarity with Intex, Bloomberg, and Aladdin.

• Progress towards or completion of CFA designation.

• Professional background in a quantitative field.

Compensation and Benefits:

• Base salary: USD 116000 – 155000 annually (USD 9666 – 12916 monthly).

• Annual discretionary performance-based bonus.

• Comprehensive healthcare coverage starting day one.

• Strong retirement plan with company contributions.

• Tuition reimbursement and career development programs.

• Flexible Time Off (FTO) policy, generous leave benefits, and parental support.

Work Model:
BlackRock follows a hybrid work model with employees working at least 4 days per week in-office and 1 day remote. The model is designed to support collaboration, learning, and innovation.

About the Company:
BlackRock is a global leader in asset management, offering investment solutions across active and index strategies, including iShares® ETFs. The firm is dedicated to helping clients achieve long-term financial well-being while fostering innovation, inclusion, and career development for employees.