BlackRock - Financial Markets Advisory Group?

PlusMinus's picture
Rank: Baboon | banana points 129

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.

Stress Test of European Bank

  • 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

  • managed the client relationship, organised internal work-streams and prepared key deliverables
  • set-up and led meetings with senior bank stakeholders
  • Prepared 100+ page document with project team detailing key assumptions
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    Comments (27)

    Sep 21, 2013

    Anyone?

    Sep 21, 2013

    Last bump..

    Any insights are welcome; even general comments about the group would be very helpful..

    Thanks!

    Sep 24, 2013

    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

      • 1
    Sep 26, 2013

    If you don't mind me asking, what are your hours like in PMG?

    Are you working in the US or UK?

    Nov 4, 2013

    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.

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    Sep 22, 2014

    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?

    Sep 22, 2014

    ....

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    Sep 22, 2014

    Interested in this too.

    Sep 22, 2014

    Bump

    Sep 22, 2014

    bump

    Sep 22, 2014

    Hi Chimps, if you have would love some info on interview/case, thanks

    Aug 27, 2018

    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!

    Baichuan He

    Sep 22, 2014

    I'm interested in this too

    Sep 22, 2014

    bump

    Sep 22, 2014

    Bump

    Anyone got any info?

    Sep 22, 2014

    bump

    Sep 22, 2014

    bump?

    Sep 22, 2014

    bump? anyone at all?

      • 1
    Feb 3, 2017

    .

      • 1
    May 23, 2017

    So far as I understand, this group is now expanding into a bigger advisory group, they have similar works like asset valuation and regulatory compliance, similar to advisory branches in Big 4 Accounting. Thing different might be their client base, which roots from Black Rocks original background.