Sunday, July 29, 2012

Portfolio Manager

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Title: Portfolio Manager Location: New York, NY 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. Residential Whole Loan Portfolio Managers (PMs\") are expected to demonstrate a strong ability to comprehensively value portfolios of residential whole loans and provide advisory and execution services to FMA clients. PMs are expected to also play an active role in the sourcing and qualification of new business leads including providing input for RFP submissions and participating in in-person new business pitches. As part of this, PMs are responsible for the following areas relevant for Residential Loans: Develop and Own Intellectual Content: . PMs are expected to develop a strong working knowledge of existing BlackRock analytic tools; PMs are expected to contribute to the improvement of these tools and or the development of new tools to improve analytic capabilities and or breadth. . PMs are responsible for the production of both intrinsic and market valuations for portfolios of loans. This includes cash flow projections including the relevant metrics. It also includes defining relevant and accessible reports and presentation materials. . PMs should have a strong working knowledge of the secondary market for residential whole loans including performing and non-performing loans across the breadth of loan types as well as developments in the relevant securities markets. . PMs should have a strong working knowledge of all residential whole loan documents as well as market standards related to missing/incomplete documentation and its economic implications. . PMs are responsible for the development and coaching of junior team members as well as the development of functional capabilities at BSI. Interface with Clients: . PMs should demonstrate strong client skills including the ability to listen and anticipate client requests. PMs should have strong verbal and written communication skills given the highly consultative nature of our management and advisory assignments. Execute Mandates: . PMs are required to manage both valuation processes as well as execution assignments; this includes the management of portfolio data boarding, stratification and the production and quality control of cash flow projections as well as application of market-informed discount rates or other market conventions to determine estimated market values. Execution assignments require the development of best practice sales protocols as well as the development and vetting of documents governing the terms of loan sales. . PMs are required to manage and contribute to internal virtual\" teams including members of FMG and PAG. . PMs may be required to conduct business platform, third party modeling and or process reviews as part of advisory assignments. . PMs will be required to travel in the U.S. as well as internationally. External Leadership: . PMs should maintain a strong working knowledge of public policy initiatives, regulatory changes and legal precedents related to housing and residential/consumer lending; these insights should be incorporated into valuation frameworks and client deliverables. . PMs should also represent FMA and BLK in industry forums, events, and initiatives . PMs are required to manage third party service providers such as servicers, loan sale agents and legal counsel. BlackRock is proud to be an E-Verify & Equal Opportunity/Affirmative Action Employer-M/F/D/V.Job: Investment Management (Trading, Research, Portfolio Management)Organization: BRS-Financial Markets Advisory

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