Associate/Vice President, LDI Core Portfolio Management - Algo Engineer

London, United Kingdom
21 Jan 2023
04 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

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

Skills and experience required
  • Solid 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
  • Experience of unit and end-to-end testing including rigorously applying unit tests and integration tests into production level code
  • Excellent verbal and written English skills
  • Problem-solving skills and process-oriented approach
  • Excellent teamwork and communication skills
  • 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 employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. 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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

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.
  • You need to sign in to save