Quantitative Modeler, Associate

We are looking to hire a quantitative modeler to join our Portfolio Risk team. This individual would have a strong background in quantitative research, have some experience with project management skills as well as proven experience of working in a team environment, collaborating with peer researchers and engineers, looking to also collaborate with team members in other regions. This person is expected to join as an individual contributor, leading research and development of model governance workstreams and gradually grow into an experienced researcher with expertise to represent and present our models and analytics to internal stakeholders and Aladdin clients.

The Portfolio Risk team builds a range of models and analytics including linear factor models, Value-at-Risk (VaR) methodologies, volatility and covariance matrix estimation and portfolio stress testing & scenario analytics. Our models use sophisticated econometric/ statistical methods and tools. The models themselves have real practical value and are used by traders, portfolio managers and risk managers and influence investment activity. These models have a very large footprint of usage across the entire Aladdin client base, and so we place special emphasis on implementing models that scale with our growing Analytics' business and ensuring adherence to BlackRock's rigorous standards of model governance. This individual would be primarily focused on analytics project work related to streamlining the development of new portfolio risk models, expanding our model testing framework, and building a robust research platform, whilst working in conjunction with senior modelers in the global team.

You can...

• work at one of the world's top FinTech companies. We sell our Aladdin analytics platform to over 100 of the top global financial institutions and corporations, handling many trillion USD of assets
• help develop and deploy quantitative financial models and portfolio analytics that are used to manage most of the money of the world's largest asset manager
• bring all yourself to the job. From the top of the firm down we embrace the values, identities and ideas brought by our employees

• Research/Analytics professional with 3+ years of solid experience in quantitative/statistical modeling. Experience with market risk/factor models and portfolio risk analytics (VaR, Tracking Error, Stress Testing) is strongly preferred
• Undergraduate Actuary / Statistics / Applied Mathematics / Econometrics, advanced degree in quantitative discipline is a plus.
• Familiarity with financial products/risk management process is a strong plus.
• Exposure to model backtesting, quality controls, and validation is highly desirable
• Hands-on experience with statistical software (e.g., Python, R, MATLAB) and strong background in programming, Python in particular, is a must
• Experience with large data set and various machine learning algorithms a plus
• Prior work experience in financial modeling (e.g., risk models, analytics) or data science and model deployment to production environment is a strong plus

• Strong desire to apply quantitative skills to address financial problems and issues that BlackRock encounters in the course of business
• Strong analytical skills, attention to detail and strong work ethics
• Possesses a positive attitude and ability to work both independently and as part of a team (within a department or in an inter-departmental/virtual setting), in a fast-paced environment
• Possesses excellent communication and presentation skills
• Ability to synthesize requirements from multiple stakeholders and translate those into actionable plans
• Organized in carrying out the responsibilities, possess strong time management skills and should be high on focus

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.

Guidance on AI use for candidates

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