Security Modeling, Associate
Security Modeling, Associate
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Job Description
About this role
BlackRock is one of the worlds 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. BlackRocks 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 worlds 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 300 modelers and technologists in Aladdin Financial Engineering (AFE) the business responsible for the research and development of Aladdins 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 Description:
We are seeking a highly motivatedAssociateto join theCredit Modeling TeamwithinAFE Single Security. This role is ideal for someone with a strong foundation inquantitative researcheconometrics and a passion for solving complex problems through innovation and collaboration.
As part of our team you will contribute to the development ofnext-generation financial modelsthat directly support trading and portfolio management decisions. These models are built using cutting-edge techniques indata sciencemachine learning andstatistical modeling and are deployed on scalable platforms using technologies.
What Youll Do
Conduct rigorous research to design and enhance credit models with real-world impact.
Collaborate with cross-functional teams to deliver scalable production-ready solutions.
Leverage advanced analytics and machine learning to drive model innovation.
Contribute to a culture of continuous learning and intellectual curiosity.
What Were Looking For
Strong academic background in quantitative disciplines (e.g. Economics Statistics Applied Mathematics).
Proficiency in programming and data tools (Python R GCP).
Demonstrated ability to think critically solve problems and communicate insights effectively.
A growth mindset and eagerness to contribute to a dynamic research-driven environment.
Model Research and Development
Develop maintain and enhance BlackRocks credit modeling suite which includes models for Probability of Default Recovery and Ratings Migration for corporate bonds municipal bonds and private credit.
Stay current with academic research industry trends and emerging modeling techniques in credit risk across public and private markets.
Manage the end-to-end lifecycle of credit risk models including development validation implementation and monitoring.
Apply advanced statistical machine learning and quantitative techniques to model credit risk.
Perform thorough model validation and back-testing to ensure robustness and stability.
Implement the models in Python in BlackRocks Aladdin platform.
Proactively suggest improvements to modeling approaches tools and infrastructure.
Drive innovation through the adoption of AI/ML techniques alternative data sources and automation.
Model Governance
Present model methodology results and findings to Model Approval Committees to get approval for various use cases.
Establish and maintain robust model governance frameworks to ensure ongoing model performance and relevance.
Perform regular model performance monitoring and update models as necessary to reflect changing market conditions.
Model Adoption and Analytics Delivery
Work closely with portfolio managers credit analysts and risk managers to ensure models and analytics are aligned with their requirements.
Drive the integration of model analytics into user-facing tools in Aladdin enhancing usability and insights for clients.
Communicate model results and insights to both technical and non-technical audiences including senior leadership and committees.
Act as a thought leader and subject matter expert in client engagements internal knowledge-sharing forums and cross-functional initiatives to increase awareness and utilization of modeling capabilities.
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
BlackRocks 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 childrens 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. Its why were 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: 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.
Required Experience:
IC
Employment Type
Full-Time
