Associate, Macro Research - Fundamental Fixed Income

About this role

Your team

The position sits within Blackrock's Fundamental Fixed Income division, which manages $1.5 trillion in global fixed income assets across index, active long-only, alternative, and liability-driven strategies. The platform offers fixed income investors a broad array of investment choices across model-based and fundamental investment styles.

Your role and impact

BlackRock seeks an Associate who will join a team that provides rigorous macroeconomic analysis and policy insight, contributing to the investment regime identification process for portfolio management teams in Fundamental Fixed Income.

Your responsibilities

As an Associate in Macro Research, you will:

1. Monitor, analyse and forecast select economic data and policy events in the euro area and the UK, as well as their implications for financial markets.
2. Contribute to idea generation and view formation, actively shaping the research narrative and influencing portfolio decisions through independent thought and analysis.
3. Build and maintain econometric models (using Excel and R/Python) to support data analysis and macroeconomic forecasting.
4. Produce written content and presentations on economic developments, covering key topics such as activity, labour markets, inflation, trade and sectoral analysis (e.g., autos).
5. Participate in internal macroeconomic discussions during regular and ad hoc portfolio management meetings, collaborating with Fixed Income portfolio managers to integrate macroeconomic trends into investment strategies across European markets.
6. Develop relationships with policy-making bodies, academic institutions and select sell-side analysts to leverage their insights and stay on top of current economic/political debates.

You have

1. Master's degree in economics or a closely-related quantitative discipline from a leading university.
2. 2-6 years of experience working as an economist/macro researcher in the financial services industry and/or public sector, which includes quantitative economic analysis, report-writing and presenting analysis to larger audiences.
3. Intuitive understanding of macroeconomics, and a keen personal interest in global economic developments, geopolitical issues and financial markets.
4. Strong Excel and coding skills (R and/or Python); proven track record in using R and/or Python to conduct econometric analysis, visualize data and build forecasting models.
5. Excellent written English and strong communication skills, including the ability to explain economic concepts and quantitative results, as well as their implications, to non-specialists.
6. Proficiency in other European languages (especially German, Italian and/or Spanish).
7. Ability to sieve through, synthesize and present complex information and ideas.
8. Attention to detail and a commitment to going the extra mile to produce rigorous, accurate work, within the constraints of the time and resources available.
9. Strong work ethic and ability to work autonomously as well as a team-player.

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.

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.

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.