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Head of Trading Research - Global Trading, Director

BlackRock

BlackRock

New York, NY, USA
Posted on Wednesday, January 17, 2024
Description

About this role

Your team

Within BlackRock’s Global Trading organization, the Trading Research team is at the forefront of quantitative execution strategies, liquidity modelling and market microstructure research. With a global multi-asset remit Trading Research provides transaction cost analysis and plays a key role in shaping execution processes. The team collaborates closely with traders, portfolio managers and investment professionals to improve BlackRock’s electronic trading capabilities,...

Description

About this role

Your team

Within BlackRock’s Global Trading organization, the Trading Research team is at the forefront of quantitative execution strategies, liquidity modelling and market microstructure research. With a global multi-asset remit Trading Research provides transaction cost analysis and plays a key role in shaping execution processes. The team collaborates closely with traders, portfolio managers and investment professionals to improve BlackRock’s electronic trading capabilities, efficiency and investment performance.

Your role and impact

We are seeking a Head of Trading Research in the New York office. In this role, the individual will lead Global Trading’s liquidity models, research and quant trading strategies. The successful candidate will possess exceptional research skills, a strong track record of leadership and commercial acumen. They will be passionate about new research techniques and technologies. The role touches a wide range of BlackRock teams globally and is pivotal for Global Trading’s future growth and success.

What you will do

  • Provide global leadership of the Trading Research team

  • Set the team vision, research agenda and priorities across BlackRock stakeholders and senior management

  • Deliver innovative research embedded into trading and investment processes

  • Establish connectivity with academia and industry to keep Global Trading’s research cutting edge

  • Build close ties with traders, investors, and quant research teams across BlackRock

  • Expand the use of AI & ML in collaboration with partner teams

  • Provide guidance to Global Trading on transaction cost analysis and best execution

  • Lead, manage and grow a team of exceptional PhD researchers

What we are looking for

  • Preferably PhD in finance or a subject with quantitative content

  • Passion and deep understanding of financial markets, market microstructure and trading

  • Minimum of 10 years of experience in the financial industry or a research institution

  • 5+ years of leadership track record and management experience

  • Strong understanding of statistical, econometric and machine learning concepts and programming language literacy (e.g. Python)

  • Passionate and high motivation to acquire new skills on the job

  • Excellent communicator with ability to explain research in simple terms

  • Strong sense of teamwork and knowledge sharing

  • Professional and respectful work ethic

For New York City only: The salary range for this position is $218,500 – $260,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.