Associate, LDI Core Portfolio Management – Algo Engineer – London

Full-time @BlackRock in Investment Professionals – Investments jobs
  • London, GB View on Map
  • Apply Before : January 9, 2023
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Job Description

Join leading Investment management company BlackRock as Associate, LDI Core Portfolio Management – Algo Engineer in London, GB. refer job details to submit BlackRock job application in London.

 

Job Title : Associate, LDI Core Portfolio Management – Algo Engineer

Location : London, GB

Job Category: Investment Professionals – Investments

 

Description

About this role

About the team

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.

The LDI Core Portfolio Management team is responsible for trade construction, implementation and ongoing mandate and risk management of LDI investment solutions to institutional investors.  The Core PM team ensures that clients’ portfolios meet their investment objectives and are managed in a consistent and risk-controlled manner.

Key responsibilities

You will be the primary coder for LDI Core PM technology initiatives to develop and manage the code base used by the LDI Core PM team.  Specific stages you will be responsible for:

Identify and scope out automation opportunities (both for existing activities and new products) on LDI Core PM team and inputting into prioritisation process

Design efficient algorithms and optimizers to automate key portfolio construction processes

Develop both prototypes and production tools

Create Unit and Integration Tests to test code

Develop other desk tools to support the Core PM investment process

Partner with Core PMs to integrate these tools into daily processes and continually refine them

Develop reporting methods and analytics on new tools to ensure improvements can be measured

Observing and contributing to improving best practices with regards to the governance of the codebase

Working with PMs and partner teams throughout the code release cycle including managing version control, obtaining or providing the appropriate levels of peer review and sign offs.

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 applications continue to evolve to support Core PM needs, and code merges are appropriately overseen

Partner with LDI Core PM Technology Lead and Index Core PM Architecture Team Lead to ensure coding governance reviews and recertifications are undertaken in a timely manner

Skillset required

Strong 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

Excellent problem-solving skills and process-oriented approach

Excellent teamwork and communication skills

Experience of unit and end-to-end testing including rigorously applying unit tests and integration tests into production level code

Knowledge of Fixed Income markets beneficial

Knowledge of BlackRock Aladdin tools beneficial

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 pilot

BlackRock’s current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what’s important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our “One BlackRock” culture means you’ll be supported to collaborate with your new colleagues while bringing your full self to work – wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.

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