Associate/Vice President - Rates Trader

About this role The Trading business executes trades on behalf of all portfolio management teams at the firm. The team is organized along regions and asset classes, providing the best service to our investment teams, and achieving optimal outcomes for our clients. We believe BlackRock’s size and scale serves as a distinct advantage, uniquely positioning us to access liquidity and deliver consistently strong execution. Job Purpose/Background: The Fixed Income Trading Team in London is seeking a trader to cover the execution of core rates market products. The successful candidate will be able to demonstrate the ability to interact effectively with portfolio managers, multiple internal groups, and the sell-side, in order to provide liquidity, best execution, and market flow information for investment activities in cash government bonds, financing and interest rate derivative markets.  An in-depth knowledge of the LDI market and familiarity with regulatory driven derivative market nuances are preferable.

Provide best execution in core rates cash and derivative markets for the LDI, fundamental and index fixed income teams Execute vanilla derivative instruments covering IRS and Futures Provide effective execution of cash markets with active experience in auctions and syndications alongside strong abilities in e-trading Assist with bespoke derivative transactions such as re-couponing, CSA change and novations Assist PM teams to effectively price derivative nuances across varying CSA limitations Provide insight into market activity and disseminate market intelligence and flow information Interact and develop close relationships with sell-side and provide input on counterparty relationships Management of orders, work flow, and prioritisation of trades Qualifications: Must have significant fixed income trading experience across multiple products Familiarity with mechanics and nuances of the LDI market. Experience with non-linear rates products, including swaptions and volatility strategies, would be beneficial Fundamental competence with basic swap analysis and pricing, including CSA valuation Experience in trading on electronic platforms i.e. Tradeweb, MarketAxess, FLEX. Demonstrated use of data, automation or technology to improve trading workflows and execution outcomes would be advantageous Strong numeracy skills and attention to detail are vital Ability to work in entrepreneurial environment and to be a motivated self-starter Demonstrate the ability to prioritise demands in a high volume, pressurised business Collegiate demeanour, detail orientated, good communication skills and a team player Adaptability to take on ad hoc projects and tasks Advanced degree or CFA preferred Our benefits 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 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. Guidance on AI use for candidates At BlackRock, AI has long been part of how we