BlackRock - Financial Markets Advisory Group?
Hey everyone,
I just scrolled through BlackRock's careers page and found the following position: ADVISORY & CLIENT SUPPORT - FINANCIAL MARKETS ADVISORY - 2014 ANALYST
Can anyone shed some light on the Financial Markets Advisory division?
blackrock financial markets advisory
Unfortunately, Information on the exit opportunities from this group is nonexistent. However, there is a good amount of information on the role itself.
This team advises financial institutions, regulatory agencies, governments and market intermediaries. They provide advice on enterprise risk management, regulatory strategy capital markets, transaction execution, and both data and financial modeling.
What do they do?
There is some information available about responsibilities at the analyst level. These duty descriptions span across several different projects. A majority of the projects were focused on European banks and regulators. Therefore, all of these projects involved some level of international travel.
- risk assessment via credit risk, liquidity risk, net income risk
- due diligence on international regulatory requirements for use in models
- planning a business case and future execution strategy
Portfolio Strategy Modification of Greek Bank
- Estimate probability of re-default for loans
- Align existing model with client specific strategy and operational preferences
Estimation of Credit Loss Projects for European Bank
Recommended Reading
Anyone?
Last bump..
Any insights are welcome; even general comments about the group would be very helpful..
Thanks!
Hi I just saw your comment I think I can shed some light on your question but I've been working in the Fundamental Equity PMG team so this is information based on what my colleagues working in the division have said. Financial advisory is a very interesting role you'll be advising countries, and central bankers on policies, and they because you work at BlackRock will actually come to you seeking your advice. So there is a lot of responsibility early. The hours are long (longer than PMG which surprised me) , and I think there can be a lot of short notice demands, from different countries which are very time sensitive. Unfortunately because I don't work in the department I can't give you a more detailed response but hope this helps a little anyway
If you don't mind me asking, what are your hours like in PMG?
Are you working in the US or UK?
The FMA was described to me as 'the CIA of BlackRock' by what was arguably an overexcited analyst. But they are basically the people called in by companies or governments in trouble to help them get through it. In practice, that often means portfolios of real estate assets or bad loan portfolios that are difficult to value and even more difficult to sell. FMA will be tasked with coming up with some values and potentially developing a plan on how to get rid of the stuff. Famous projects included the Maiden Lane vehicles and the Greek PSA.
Skills would be heavily valuation-based, with good knowledge in how to value real estate and structured finance vehicles or portfolios.
They do this very much before it becomes public knowledge by the way. So that's stacks of confidentiality agreements and very tight deadlines. If you're lucky and it gets exciting, expect a call to get ready to fly to Country X at short notice and spend a couple of weeks or whatever at the offices of the central bank (for example) hammering out numbers and providing the specialist expertise. So that's late nights in the office etc etc.
But it didn't seem boring, from the way he described it. If I was closer to graduating, I'd be giving it a go.
Know this is an old thread can someone give me an idea regarding exit opps out of FMA? Also is it possible to lateral into PMG from FMA?
BlackRock financial advisory?? (Originally Posted: 02/05/2011)
hey,
any thoughts on BlackRock financial advisory ? what kind of a shop is it?
good as a summer internship?
....
BlackRock - Financial Markets Advisory (FMA) (Originally Posted: 09/19/2014)
I've searched the site and pulled up some information regarding BlackRock's FMA group, but I was looking for some more detailed commentary. Somewhere in the world has a financial crisis every few years, which is good for their business, but are they really just doing more compliance stuff these days?
I'm also interested in exit opportunities, what would they look like from a role like this? It seems like the FMA folks are a mix of consulting/banking folks and I'm not sure where else their skillset would really fit in on the street. I've heard BlackRock has lower turnover than a lot of other firms on the street but surely if you're a 20-something year old Analyst its not realistic to think you're going to stay with one firm for your whole life, especially if you're working in finance/consulting.
Any knowledge is welcome.
Interested in this too.
Bump
BlackRock Financial Markets Advisory Information and Advice (Originally Posted: 11/14/2014)
Dear Chimps,
I am looking for as much information as possible on the elusive FMA group at BlackRock. I'm interested to hear more about what they do, recent transactions, team breakdown, etc. Preferably with an EMEA focus, but open to any information.
Also if anyone has experienced a 1st Round in London with BlackRock, then I'd be grateful to hear about the case study interviews.
I have the generic information from their website and I've looked at the thread below (which is half useful):
http://www.wallstreetoasis.com/forums/blackrock-fi...
Thank you as always! Bob
bump
Hi Chimps, if you have would love some info on interview/case, thanks
Hi there! I have an incoming interview with BR FMA Group! Would love to hear more about the case interview if you have some insights!
BlackRock Financial Markets Advisory (Originally Posted: 05/07/2015)
Hi Everyone,
I have been looking into the BlackRock FMA (Financial Markets Advisory) group, and it seems like "financial consulting." But not the financial consulting that you see in places like PwC, where they are advising CFOs on stuff like corporate structure. I was just wondering if anyone had any experience or knowledge of this group and the type of work that they do, and if there are any other firms doing similar work.
Thanks a lot.
I'm interested in this too
bump
Bump
Anyone got any info?
bump
BlackRock Financial Market Advisory Info (Originally Posted: 06/01/2015)
Hi Guys,
I just wanted to get some info about the division at BlackRock from people that work in it or know about it; particularly hours (in comparison to IB), salary, exit opps, bonuses etc. There's not really a great deal of info on the internet about it for some reason. Does it not count as Front Office?
Thanks in Advance
bump?
bump? anyone at all?
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