DescriptionAbout this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
About Aladdin Financial Engineering (AFE):
Join a diverse and collaborative team of over 400 modelers and technologists in Aladdin Financial Engineering (AFE) within BlackRock Solutions, the business responsible for the research and development of Aladdin’s financial models. This group is also accountable for analytics production, enhancing the infrastructure platform, and delivering analytics content to portfolio and risk management professionals (both within BlackRock and across the Aladdin client community). The models developed and supported by AFE span a wide array of financial products covering equities, fixed income, commodities, derivatives, and private markets. AFE provides investment insights that range from an analysis of cash flows on a single bond, to the overall financial risk associated with an entire portfolio, balance sheet, or enterprise.
Role Overview:
Single Security Modeling (SS) is a small, close-knit team in Aladdin Financial Engineering with a collegiate culture that values openness, creativity, and an attention to detail. We are also huge nerds.
We are looking to hire a quantitative modeler (Associate) to join our Single Security Pricing (SSP) team. This team is responsible for building and maintaining risk neutral deterministic and stochastic models that are used for construction of Interest Rate, FX, Inflation curves and volatility surfaces and pricing corresponding instruments.
This individual would have a background in rates and derivatives modeling and research, have proven experience to work in a (global) team environment. This person will be working as an individual contributor on all aspects of establishing and implementation of robust governance processes in the space of rates and derivatives.
Key Responsibilities:
Performance Monitoring: Contribute to developing and maintaining the automated process that will ensure that our models are performing successfully, and flags exceptions that require further attention.
Model Validation: Perform model testing and maintain model documentation in sufficient detail up to standards.
Collaborate with software developers and validation teams to test and release new models into production.
Communicate (verbally and in writing) with internal and external clients on model performance regularly, investigate exceptional model performance, diagnose issues and conduct corrective remediations.
Keep abreast of recent trends in technology, quantitative finance, and capital markets. Bring the latest techniques to bear on the problems we face in our day-to-day work.
Qualifications:
Advanced degree in Mathematics, Financial Engineering, or other relevant quantitative disciplines.
3+ years relevant working experience within rates and derivatives space.
Strong programming skills and experience using Python to conduct quantitative analysis.
Knowledge in Unix/Linux, C++, Git is a plus.
Knowledge of financial, mathematical, and statistical theory is a plus.
Strong oral and written (English language) communication skills that enable complex ideas to be readily understood by team members and clients.
Enthusiasm, flexibility, and maturity to adapt to the needs of a dynamic group and deliver within strict time frame.
Good time management skills including the ability to handle multiple projects.
For New York City only: The salary range for this position is $125,000 - $150,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
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.
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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
