Senior Quantitative Researcher – Fixed Income Markets Research, Director

About this role

Description:

BlackRock Global Markets (BGM) brings together BlackRock’s global trading, financing and financial resource management, securities lending, ETF markets, cash management, and index investments businesses to deliver investment, trading, financing, and risk management excellence for clients. Markets Research is a team within the Global Markets group that conducts cutting-edge market microstructure research, performs pre- and post-trade analysis, and provides analytics for its stakeholders. In this function, Markets Research cuts across regions and asset classes. It partners with Trading Data, Analytics, Trading Desks, as well as the active and passive investment teams to deliver best execution and superior investment performance.

The Markets Research team is seeking to hire a senior Quantitative Researcher. We are a small, close-knit team with a collegiate culture that values openness, creativity, and attention to detail. The role involves working closely with other team members to conduct market microstructure research projects, contribute to the team’s research agenda, enhance the quality of its analytics, and work on smart algo logics or automated execution models. The successful candidate will possess strong data science and research skills, deep knowledge of market microstructure, and a willingness to apply their skills in financial markets and a trading context. The role offers excellent opportunities to build knowledge of trading market structure across asset classes and collaborate with researchers, traders, and portfolio managers from fundamental, model-based, and passive investment teams.

Responsibilities:

• Perform data analysis, design and execute research projects, and build research models using various types of financial data.

• Apply both traditional econometric tools and machine learning techniques to solve real-world problems in trading.

• Acquire domain expertise in market microstructure and execution research for selected asset classes.

• Recalibrate, maintain, and improve the current suite of models and automated trading processes.

• Deliver top-quality execution strategy optimization, venue and algo optimal selection, intraday liquidity modeling, and research-based trading workflow automation.

• Become a thought leader in market microstructure developments to adapt our analytics framework and trading models.

• Mentor junior researchers, manage research project delivery, and communicate to senior stakeholders.

Qualifications:

• Advanced degree in a subject with quantitative content (PhD preferable).

• Related experience in trading research/execution, consulting/quantitative trading for financial service firms (7+ years), exceptional hands-on research ability and at least 2 years of hands-on trading experience preferred in addition to research experience.

• Expertise in market microstructure in fixed income areas (preferably FX, credit, or rates) and expertise in market microstructure literature.

• Ability to deliver effective research models in production in an efficient manner.

• Excellent communication skills, professional and respectful work ethic, and ability to collaborate and communicate with senior stakeholders and external vendors.

• Effective team player who works independently and confidently engages with trading and investment teams.

For New York, NY Only the salary range for this position is USD$215,000.00 - USD$275,000.00 . 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.

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.

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.