About this role
Job Purpose/Background
The UK Equity team is responsible for managing funds for pooled and segregated accounts. The team is based in London, and uses bottom-up, team-based, fundamental research. Individual security research is conducted within a sector driven framework to deliver concentrated portfolios. The team consists of 6 investors supported by 2 product strategists and 1 core portfolio manager and sits within the larger active equity platform with over 240 investors.
We are seeking a UK Equity analyst, preferably with UK consumer research experience, to work within the UK Equity team at the Vice President level to supplement our existing stock research capabilities. This person must have prior experience of equity analytics. The team are long-term investors (typically holding positions for 3-5 years), focused on identifying quality companies at attractive valuations.
The position is a compelling opportunity for a research analyst with demonstrable skills for fundamental research, financial analysis and knowledge of corporate business models. The analyst we seek will have an appreciation of investing with a strong focus on fundamentally driven returns over longer time horizons. Working closely with other members of the team and the wider firm, this individual will conduct detailed fundamental research, make recommendations for inclusion of stocks into multiple strategies, as well as closely monitoring those companies while they are held in the funds.
The analyst will need to conduct independent research; they will be based in London but should be prepared to travel at times to attend company meetings, trade shows and conferences as required.
Key Responsibilities
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Conduct fundamental research, including financial analysis, meeting management, industry analysis, conferences, and interactions across BlackRock equity teams.
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Generate long-term, high conviction investment ideas for concentrated portfolios with particular focus on strong business models, compounding returns and reliable cash flows.
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Contribute to the team’s discussions of individual ideas, setting conviction within the wider research group and hence impacting portfolio strategies.
Development Value
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This is a growing investment team with a number of separate products – this role will allow the analyst to contribute to multiple strategies.
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The analyst will also be expected to collaborate in the BlackRock wide initiatives, including those within Fundamental Active Equity (e.g. UK/European industry groups, leveraging Aladdin Research tools) and the wider Investment Platform (e.g. Blackrock Investment Institute).
Knowledge/Experience
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Understanding of fundamental equity research and financial analysis.
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Sell-side research or buy-side / fund management experience required.
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Demonstration of ability as an independent researcher and stock picker who is prepared to think differently to the shorter-term consensus and focus on long term drivers of return.
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UK/European experience is preferable.
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Strong preference for experience of UK Equity market coverage, preferably on consumer sectors.
Skills/Qualifications
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Basic financial modelling ability with required skills in excel, plus preferred ability to use Bloomberg and tableau or other data modelling tools.
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Original and independent thinker, able to work in a fast-paced team environment.
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Strong communication skills.
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University degree required; CFA or equivalent qualification preferred.
Competencies
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Experience of fundamental research.
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Skills to include comparison of both corporate business models and share prices over the long-term.
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An understanding of all financial statements, the key drivers of shareholder return and multiple valuation techniques.
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Strong business sense: the candidate must possess an understanding of business models, industry dynamics, and competitive analysis.
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Independent thinking coupled with a proven ability to work with - and make an impact in - an established team.
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The ability to clearly articulate high conviction, well-thought-out, and supported investment ideas in both large and small group settings.
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The candidate must also demonstrate the ability to work more broadly within an organization where information-sharing is critical to the success of all teams across asset classes.
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. 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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
