The iShares brand was launched in 2000 and has since become the leading ETF provider with over $450 billion in assets under management globally and just under 50% US ETF industry market shares as of October 2009. iShares runs almost 400 ETFs globally, holding securities in various asset classes ranging from US domestic equity to fixed income, to emerging and frontier markets. The target audience for iShares includes intermediaries (financial advisors) and institutional investors.
iShares ETFs are built around indices by virtually every leading index provider: Barclay’s Capital, Cohen & Steers, Dow Jones, FTSE, FSTE/Xinhua, iBoxx, JP Morgan, Morningstar, MSCI, NASDAQ, NYSE, Russell and Standard & Poor’s. They are diversified like typical index funds, but trade like an exchange listed security, with the advantages of transparency, cost- and tax- efficiency, and index exposure. The iShares business believes its competitive advantages lie in the depth and breadth of its products, the unique expertise and service of its client relationship teams, and its brand strength.
This is an opportunity to work with iShares®; the world’s most comprehensive family of exchanged traded products. We are seeking an experienced, self-motivated individual to join the Global Investment Research group within iShares. The successful candidate will be closely involved in the development of microstructure models, trade implementation, ETF design trade-offs and the delivery of investment consulting for iShares’ key clients.
Ability to gather, maintain and analyze economic and financial data in support of the broad team’s research efforts. Expertise with large panel datasets of market micro-structure data, including intra-day quote and trade execution data is a significant plus.
Ability to conduct market structure, market behavior and portfolio implementation research in both equity and fixed income markets.
Build relationships with other teams supporting the investment data and research process. Closely partner with multiple teams across the organization in the execution of joint research work.
Excellent quantitative skills, as evidenced by formal training in econometrics or statistics, and extensive experience in utilizing those skills in an applied research environment. A PhD in quantitative finance or statistics is highly desirable.
3+ years work experience in investment research or portfolio management area of a financial firm.
A strong understanding of financial markets, including drivers of return, risk control and portfolio construction techniques.
Strong understanding of the use of computer technology in financial and economic research, with strong statistical package programming skills (e.g. Matlab, R, SAS, Stata), and preferably SQL and Unix literacy.
Effective communication skills, both written and verbal.
Strong understanding of data available in the investment management industry and experience in managing and accessing such data to support research efforts.
Ability to work efficiently and multi-task effectively in a fast-paced and team-oriented environment. This will include end-to-end research project work under from data gathering to hypothesis testing and model implementation.
BlackRock is proud to be an E-Verify & Equal Opportunity/Affirmative Action Employer—M/F/D/V.
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.
Investment Management (Trading, Research, Portfolio Management)
Americas-United States-San Francisco
Client-Retail & iShares-Global iShares
Feb 19, 2013, 11:02:37 AM
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