About this role
Investments at BlackRock
BlackRock offers a range of investment products—equity, fixed income, liquidity, and alternative investment—each managed by a dedicated investment team of portfolio managers, research analysts and traders. Focused portfolio management and proprietary research are the cornerstones of our investment philosophy, and portfolio construction is based on each team's market outlook.
BlackRock's investment teams are staffed with professionals who have significant experience within their respective markets. Our portfolio teams manage assets for institutional and individual investors alike. Accordingly, all our clients benefit from our portfolio management expertise and risk management analytics.
All our portfolio managers leverage the expertise of other investment teams through the strength of a shared research, trading, and risk management platform. Our investment professionals benefit from the resources of a world- class firm that continually invests in its business and is differentiated by a team approach and integrated research and risk management.
The Fundamental Fixed Income team offers an array of fixed income products designed to meet specific client risk and return profiles. Incorporating the expertise of BlackRock's sector specialists, each client portfolio is tailored to reflect specific investment guidelines and objectives with respect to interest rate exposure, sector allocation and credit quality.
BlackRock’s European Investment Grade Credit Research Team is looking to add an experienced primary credit analyst based in London to meet the growing needs of our business. Although potentially flexible depending on the specific experience of the successful candidate, we currently envision the new hire will have sole primary coverage responsibility for approximately 40-45 issuers across several sectors (i.e., some combination of Housing Associations, General Industrials, Support & Services, Transport & Logistics, Paper & Packaging and/or Corporate Securitizations). We are able to consider both Associate and Vice President level candidates for this opening.
The role will involve preparation of independent fundamental credit analyses, opinions, and relative value recommendations. The role also involves regular interaction with other sector analysts and investment professionals (portfolio managers, risk professionals, etc.) both inside and outside BlackRock. As a member of the investment grade credit research team, the successful candidate will be predominantly focused on looking at investment grade issuers, but our team also engages in credit research on crossover and higher rated high-yield issuers on a selective or opportunistic basis.
Key Responsibilities will include:
Responsibility as a primary analyst (with minimal supervision) for a portfolio of approximately 40-45 corporate issuers across several sectors (i.e., some combination of Housing Associations, General Industrials, Support & Services, Transport & Logistics, Paper & Packaging and/or Corporate Securitizations)
Providing real time, forward-looking fundamental credit views and investment recommendations (including relative value opinions across the capital structure) to the investment team within strict deadlines
Acting as in-house sector expert and fundamental “thought leader”, presenting sector views both internally and at client meetings
Participating in a variety of daily, weekly, and monthly investment team meetings
Collaborating with senior analysts on cross-sector research projects
Providing ad-hoc briefings and research to portfolio managers
Leading regular issuer meetings as the primary contact handling the analytical relationship
Conducting fundamental credit research, analyzing, and explaining economic, competitive, and sectoral drivers that impact an issuer’s creditworthiness
Building and maintaining Excel-based forecast models to track actual and expected performance, against baseline expectations and key trigger points for potential rating actions and/or spread movements
Experience and knowledge required:
Previous primary analyst experience (minimum 3+ years) in a fundamentally focused research environment
Thorough understanding of credit rating agency methodologies
Strong corporate credit background (including bond technical factors, documentation, CDS) preferred
Experience in interacting at “board level” (i.e., CEO, CFO and other senior management) of large international companies is a plus
Knowledge of impact of ESG factors on credit quality
Prior experience with covering Housing Associations, General Industrials, Support & Services, Transport & Logistics, Paper & Packaging and/or Corporate Securitizations is a plus
Strong interest in the career credit research analyst path and fixed income investing
Willing to and capable of confidently and decisively underwriting investment risks in dynamic situations of imperfect information and ambiguity under short timelines
Self-driven desire for expertise, thirst for sector knowledge and keen attention to detail
Intellectual curiosity for new products or businesses to analyze, and strong commercial acumen
Willingness to work in a strong team-oriented environment
Excellent written and oral communication skills in English, including the ability to distill complex and comprehensive analyses into succinct summaries
Advanced financial analysis and modelling skills
Well organized and detail orientated with the ability to maintain accuracy whilst complying with deadlines
Advanced skills in Microsoft Excel are a minimum requirement; computer programming/coding skills including Python, SQL, Tableau are a plus
Fluency in English is required. Fluency in a second language is a plus.
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.
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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
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.