Senior Quantitative Researcher - Fixed Income Markets Research, Director
External
Blackrock · New York, NYPrepare for this interview
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About the role
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.
Requirements
- 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.
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