Vice President, FIG Securitized Asset Portfolio Management

About this role

Company: BlackRock Financial Management, Inc.
Job Title: Vice President, FIG Securitized Asset Portfolio Management
Location: 50 Hudson Yards, New York, NY 10001

Job Duties: Develop and maintain watchlist methodologies and surveillance systems for CMBS and CRE portfolios to monitor risk and identify potential credit concerns. Manage the portfolio and trading of distressed CMBS securities, implementing strategies to optimize risk-adjusted returns. Utilize advanced Excel and VBA to develop financial models for CRE/CMBS property and bond-level valuation, supporting portfolio monitoring and risk management for potentially distressed securities. Perform cash flow modeling, rent and vacancy curve analysis, and detailed property underwriting for securitized products, including Conduits, SASB, Agency CMBS, SFRs, and CRE CLOs, to identify potential rating downgrades, monitor developing risks, and exit investments prior to agency downgrades. Determine breakpoint prices used in NAIC CMBS ratings assignments, ensuring accurate pricing for regulatory and risk management purposes. Apply various capital charge frameworks, including NAIC RBC methodology, BSCR, AM Best, and S&P, to optimize capital charges for insurance portfolios. Conduct scenario analysis and sensitivity analysis on financial markets, portfolios, and investments to assess potential risk exposures and investment opportunities. Automate and conduct stress testing to identify outliers in analytics and enhance risk management processes.

Qualifications: Master's degree in Financial Engineering, Business Management, or related field. 48 months of experience in Job offered or related occupation. Requires 48 months of experience involving the following skills: 1. Developing and maintaining watchlist methodologies and surveillance systems for CMBS and CRE portfolios utilizing CRE data feeds including Trepp, Aladdin Spear, Moody's, and NCREIF. 2. Working on data analysis tools including Excel, VBA, SQL, Python, tableau and R to automate and conduct stress testing and identify outliers in analytics. 3. Working with Advanced Excel and VBA to develop financial models for CRE/CMBS property and bond level valuation for potentially distressed securities to support portfolio monitoring and risk management. 4. Experience at a rating agency or NRSRO, with expertise in cash flow modeling, rent and vacancy curve analysis, and detailed property underwriting for securitized products including Conduits, SASB, Agency CMBS, SFRs and CRE CLOs to identify potential rating downgrades, monitor developing risks, and exit investments prior to agency downgrades. Requires 12 months of experience involving the following skills: 1. Experience of determining Breakpoint Prices used in NAIC CMBS Ratings assignment to assign NAIC ratings for CMBS securities held by US insurers. 2. Applying various capital charge frameworks, including NAIC RBC methodology, BSCR, AM Best, and S&P to optimize capital charges for insurance portfolios. 3. Working with statistical methods including Monte Carlo Simulation, linear regression and hypothesis testing to conduct scenario analysis and sensitivity analysis on financial markets, portfolios and investments.4. Experience in a portfolio management management and trading of distressed CMBS securities to provide actionable insights and investment recommendation for CMBS portfolios.

To apply, please click “Apply” on this webpage.
 

For New York, NY Only the salary range for this position is USD$177,500.00 - USD$210,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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.

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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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 [email protected]. All requests are treated in line with our privacy policy.

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.