Fixed Income Data Specialist, BIS, Vice President
BlackRock
Mumbai, IndiaPosted 2 months ago
Skill Required
EngineeringanalyticalSnowflakePower BIanalyticssecurityPythondesignSQLandAIFulltime
Key highlights
- 8-10 years of experience required
- Hybrid work model (4 days in office, 1 day remote)
- Comprehensive healthcare and retirement benefits
- Flexible Time Off (FTO)
- Strong focus on data quality and fixed income expertise
Role overview
BlackRock Index Services (BIS) is responsible for the design, development, and administration of Fixed Income and Multi-Asset indices used by internal and external clients. Our success hinges on producing and supporting pristine data, analytics, and indices that are disseminated timely and accurately to support our clients. BIS relies on high-quality reference data, pricing, analytics, and index methodologies to construct, maintain, and deliver index solutions across a growing suite of investment products. The BIS Index Operations Team is seeking a Fixed Income Data Specialist to serve as the subject matter expert for fixed income reference data, security master attributes, pricing, ratings, and analytics used throughout the index lifecycle, supporting the design, implementation, and ongoing enhancement of fixed income index methodologies through comprehensive data analysis and governance.
Responsibilities
- Serve as the primary SME for fixed income reference data and security-level attributes, including terms & conditions, ratings, sector classifications, pricing, duration, spread, yield, and risk analytics.
- Perform detailed analysis of large fixed income datasets to support index construction, methodology development, rebalances, and new product launches.
- Translate index methodology requirements into business rules and data specifications used for universe construction, screening, eligibility determination, and weighting.
- Design and implement data quality controls to assess data health and identify deficiencies across internal and third-party data sources.
- Investigate and resolve complex data quality issues by partnering with internal data owners, technology teams, and external vendors.
- Conduct root cause analysis of index constituent changes and rebalance outcomes, providing clear explanations of data-driven impacts.
- Define and document critical data attributes, business rules, validation frameworks, and governance standards supporting index production.
- Support platform modernization initiatives by ensuring data models and datasets can efficiently support current and future index methodologies.
- Produce analytical reporting and insights to support business decisions, methodology reviews, vendor management, and senior management reporting.
- Project manage data onboarding efforts and index implementation initiatives through coordination with engineering, research, and other partner teams.
Requirements
- BS/BA (or equivalent) or higher with preference for Finance, Financial Engineering, Data Science, Mathematics, Technology, or related disciplines.
- 8-10 years of experience in asset management, fixed income markets, index management, reference data, market data, or financial analytics.
- Deep understanding of fixed income securities, benchmark indices, bond mathematics, yield calculations, duration, spread analytics, and credit risk measures.
- Extensive knowledge of fixed income reference data and security master attributes, including terms & conditions, ratings, classifications, pricing, and corporate actions.
- Strong analytical and problem-solving skills with the ability to investigate complex datasets and identify root causes of data issues.
- SQL experience and basic proficiency with Python, Snowflake, Power BI, Alteryx, or equivalent analytical tools.
- Experience working with financial data vendors such as Bloomberg, ICE, Refinitiv, or ratings agencies.
- Strong understanding of index construction methodologies, rebalancing processes, and fixed income benchmark management.
- Relentless desire to understand how data flows through systems and how data quality impacts index outcomes.
- Strong attention to detail and commitment to delivering high-quality, accurate results.
- Proven ability to manage multiple priorities in a fast-paced environment while maintaining focus on client outcomes.
- A reputation as a strong communicator who can translate complex fixed income and data concepts into business-friendly explanations.
Nice to have
- Experience with the BlackRock Aladdin processes and applications preferred.
Benefits
- A strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO)
Additional details
- 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.
- At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
- 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.
- To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
- BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.