Portfolio Management - Cash Management Group - Associate

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 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:

The International Cash Management Group manages a suite of products that includes Prime and Government Money Market and Ultra-Short Duration Mutual funds and Separate Accounts. BlackRock’s cash management style is designed to meet each client’s objectives of capital preservation, liquidity and yield – in that order. This philosophy is built on a risk-controlled framework, featuring careful analysis of credit, interest rate trends, and relative value opportunities which ultimately produce investment returns on a risk-adjusted basis. Our disciplined approach to investing originated in 1973 when we pioneered the first constant-dollar money market fund dedicated to institutional investors.

Job Purpose/Background/Responsibilities:

This role sits within the International Cash Portfolio Management Team and is primarily a junior portfolio management / trader role based in Singapore or Hong Kong. The successful candidate will spend a large part of the day as a dealer supporting the international cash investment process by investing in money market instruments (Time Deposits, Reverse Repo, Commercial Paper, Certificates of Deposit, short Government bonds and Bills, Supranationals and any other suitable instruments), with an emphasis on major Asian currencies. The person will also play a major role in collating data and using technology to help improve desk processes and analysis of portfolios and positions. A natural curiosity and drive will help the successful candidate establish themselves within a busy and proactive team, helping research markets, regulation, credit, technology and ESG.

• To execute daily trading of money market instruments in support of the Lead Portfolio Managers with a focus on Time Deposits and government bills

• To understand and contribute to the strategy and construction of HKD / USD and other Asian currency money market Funds as well as separately managed accounts

• To produce analytics and portfolio level data for strategy, client and other key meetings

• To build and maintain strong professional relationships with external trading counterparties (brokers and dealer banks) and other parts of the broader ecosystem (rating agencies, etc.)

• To build strong partnerships with internal stakeholders such as credit, product strategy, risk, operations, pricing, legal & compliance, and contribute to our diverse and inclusive work environment

• To work with other data and technology focused colleagues to help create greater operational efficiencies across the desk

Knowledge / Experience Required:

• Ideally 3-5 years of work experience in cash/short-duration fixed income portfolio management or trading, and transferable skills to benefit this role.

• An enthusiastic attitude with a willingness to learn

• Ability to multi-task and prioritize tasks in a demanding and fast-paced environment

• Foundational knowledge of financial markets and understanding of credit and risk management

• An interest in developing research, quantitative or analytical skills, particularly using data systems (Knowledge of Aladdin a plus)

• Knowledge and understanding of digital assets and tokenised real-world assets preferred

• Experience with Python, SQL, Tableau, Bloomberg, VBA a plus

• An interest in developing presentation and written communication skills

• Interpersonal skills to help foster an inclusive culture of teamwork and knowledge sharing

• Fluent in English. Cantonese or Mandarin preferred but not mandatory.

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. W