Job Information
BlackRock Veterans Transition Program-Private Debt Associate in New York, New York
About this role
Veterans Transition Program - Private Debt Associate
We recognize that veterans bring a unique and valued perspective to BlackRock thanks to their extraordinary backgrounds and experiences. The Veterans Transition Program is designed to support veterans in making the transition from military life to the civilian workforce. The Program offers participants the opportunity to work at the world’s largest asset manager for six months. On completion of the Program, successful participants will be offered permanent employment at BlackRock.
Over the course of the Program, participants will:
Join teams and have an immediate impact;
Immerse themselves in the work of their teams;
Gain an understanding of how BlackRock serves its clients;
Be supported through training and mentorship;
Get exposure to senior leaders;
Participate in social and networking opportunities.
Program Structure:
The program begins with an orientation where you’ll learn about BlackRock’s principles, mission, purpose, and culture. You’ll learn about the asset management industry and get an in-depth look at how BlackRock serves its clients. Following orientation, you’ll join your team and gain insights into the day-to-day life of an Associate as you develop subject-matter expertise through on-the-job learning and our industry-leading technology, Aladdin.
Become a Member of our Private Debt Team:
BlackRock Private Debt is an investment pillar within Portfolio Management Group (PMG), BlackRock’s active management platform. We are a dedicated investment team focused on providing debt capital solutions through primarily directly originated investments across the capital structure.
The platform offers an array of illiquid debt products designed to meet specific client risk, return and liquidity profiles across all geographies profiles. The platform has expertise across the stages of company life in opportunistic and distressed debt, specialty finance, middle market investing, venture, high yield, leverage loans, and CLOs. Functionally, the platform is organized into pillars, each corresponding to a different asset class within Private Debt: Real Estate Debt, Direct Corporate Lending, Opportunistic Debt and Multi-Strategy Debt.
Our platform is global with investment professionals in Americas, Europe, and Asia. The teams leverage their industry expertise, proprietary networks of the investment professionals, and the larger BlackRock platform to source unique and differentiated investment opportunities.
About this role
We are seeking an Associate to be responsible for assisting in the due diligence, research and analysis of underwriting debt investments in both the primary and secondary markets in Private Markets context. This position will be an integral part of a small team of highly qualified investment professionals and involved in all aspects of the investment process.
Job Responsibilities
Collaborate on due diligence, development of investment theses, and creation of investment memoranda to present to portfolio managers and the Investment Committee
Assist in the review and coordination of drafting of credit and other investment documents
Actively monitor portfolio investment and industry dynamics
What are we looking for?
Inquisitive self starter with a thirst and ability to immerse themselves in the technical detail of Private Debt (research, analysis, portfolio monitoring, underwriting, structuring and executing Debt transactions
Ability to engage with internal and external parties and working with originators to complete investment opportunities
Strong quantitative skills
Motivated team player and flexible in approach with ability to work independently
Must demonstrate integrity and alignment to BlackRock’s principles and commitment as a trusted fiduciary to our clients
Flexible, adaptable with keen attention to detail
Open-minded thought process and intellectual honesty with an ability to dynamically adapt to coverage of different products
Excellent written and verbal communication skills – presents ideas in a clear, concise and constructive manner
Where will I be based?
This role will be based in our New York Office
Program Eligibility:
Minimum of two years of Active Uniformed service
No more than 8 years of civilian work experience
Bachelor’s degree obtained pre- or post-military service
Open to all U.S. Veterans, regardless of rank or branch of service
Must be able to commence employment in October 2024
Application Deadline:
- July 22, 2024
For New York City only: The salary range for this position is $115,000 - $180,000. 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.