Index Fixed Income Algo Engineer, Vice President
BlackRock · San Francisco, United States · 1d ago
About this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
Business Unit Overview
BlackRock Global Markets and Index Investments (BGM) brings together BlackRock’s Index Investments, Cash Management, Securities Lending and Financing, Global Trading, ETF Markets, Liquid Origination, and Markets Relationship Management businesses. Together, we serve clients at scale through:
- Delivering performance and risk management
- Technology at the heart of our processes, with in-business tech teams that create cutting-edge IP, providing an advantage in quality, scale, and risk control
- A focus on transforming markets, driving and advocating for more accessible, resilient, and transparent markets to deliver more choice and lower costs for investors
- World class talent, operating at the intersection of investment insight, markets expertise, risk management and process design
Your team
The Index Fixed Income team is responsible for managing BlackRock’s index fixed income portfolios, including exchange-traded funds, mutual funds, and segregated mandates. The team works closely with colleagues across Fixed Income to ensure portfolios are managed efficiently, consistently, and within a robust risk-control framework.
BlackRock’s Index Fixed Income business is a leading global index investment group, helping investors build better portfolios through a broad suite of index investment tools. The business manages more than $2 trillion in global index fixed income assets across developed and emerging markets. Clients include corporate and public pension plans, central banks, sovereign wealth funds, and retail investors.
The Portfolio Management Architecture team designs and develops portfolio construction algorithms that increase automation and productivity across Index Fixed Income globally. The team partners closely with technology, portfolio management, and trading teams to deliver scalable tools and analytics that enhance investment outcomes and operational efficiency.
Your role and impact
As a Vice President within the Portfolio Management Architecture team, you will combine fixed income portfolio management expertise with strong quantitative and technology capabilities to build solutions that improve portfolio construction and investment processes. You will develop prototypes that deliver immediate value, mature successful solutions into scalable production tools, and collaborate with portfolio managers, traders, and technology partners to drive innovation across the platform.
A key focus of this role is advancing algorithmic portfolio management capabilities that support the continued growth of fixed income exchange-traded funds (ETFs) and other index investment strategies. You will play an important role in shaping the future investment process through automation, analytics, and data-driven decision making.
Your responsibilities
In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and combine the curiosity to explore new approaches and technologies with the rigor to challenge the results. The scope of this role also includes the following responsibilities:
- Design efficient algorithms and optimization solutions that automate key portfolio construction processes.
- Develop prototypes and production tools that improve portfolio management workflows and support scalable investment processes.
- Partner with portfolio managers to integrate new tools into daily processes and continually refine them based on investment needs and user feedback.
- Undertake portfolio management activities, as appropriate, to deepen your understanding of specific investment processes and identify opportunities for improvement.
- Partner with BlackRock Technology teams to design and develop the core algorithm platform.
- Develop additional desk tools that support portfolio managers and strengthen the investment process.
- Work with BlackRock Technology teams to ensure existing applications continue to evolve in support of portfolio management needs.
- Develop reporting methods and analytics that measure the effectiveness and impact of new tools and process improvements.
Your experience
- A strong quantitative background demonstrated through a bachelor’s degree in mathematics, science, engineering, a related discipline, or equivalent practical experience.
- Proficiency in at least two programming languages, such as Python, Visual Basic, R, MATLAB, Java, or C++.
- Experience working as a portfolio manager or partnering closely with portfolio management teams.
- Working knowledge of fixed income markets and familiarity with a range of fund structures and investment styles, including index and active, fundamental and quantitative approaches.
- Strong problem-solving skills and a process-oriented approach to identifying and implementing improvements.
- Excellent collaboration and communication skills, with the ability to explain complex quantitative and technical concepts clearly to portfolio managers, traders, technology partners, and other stakeholders.
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 Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.
We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.