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The Advisory Services Group provides counsel to senior executives in banks, insurance companies, mortgage companies and other financial institutions on their most difficult - and interesting - capital market issues. Our practice centers on financial strategy and risk management. The advisory practice is rooted in BlackRock's culture of objective, fiduciary problem-solving for clients, and is a strategic priority for the firm.
The Hedge Advisory team is seeking an Associate for our team in New York. The team provides intensive market risk analytics and derivative hedging strategies to financial institutions on their most difficult to manage fixed income portfolios.
Responsibilities:
Working closely with BlackRock colleagues and clients, an Associate will;
Work with a team in using BlackRock’s analytical tools to perform assessment, measurement and management of interest rate risk, primarily for large mortgage servicers or investors in mortgage-related assets.
Have day-to-day responsibility for, and direct contact with, risk managers at large mortgage banks.
Have frequent interaction with Portfolio Management Group, Portfolio Analytics Group and Financial Modeling Group to design and analyze derivative trading strategies
Work with all areas of the firm to bring BlackRock’s capital markets and risk expertise to bear
Requirements:
Expertise in BlackRock Solutions’ primary analytical tools
Strong understanding of mortgage markets, associated hedges and strong analytical & communication skills.
Preferably, a graduate degree in mathematics, finance or financial engineering
2-4+ years experience with mortgage and market risk
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