Quantitative Modeler, Aladdin Financial Engineering, Vice president

About this role

BlackRock Overview:

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. 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.

Aladdin Financial Engineering (AFE)

AFE is a diverse and global team with a keen interest and expertise in all things related to technology and financial analytics. The group is responsible for the research and development of quantitative financial and behavioral models and tools across many different areas single-security pricing prepayment models risk return attribution liquidity optimization and portfolio construction scenario analysis and simulations covering all asset classes. The group is also responsible for the technology platform that delivers those models to our internal partners and external clients and their integration with Aladdin.

AFE conducts leading research on the areas above delivering state-of-the-art models. AFE publishes applied scientific research frequently and our members present regularly at leading industry conferences. AFE engages constantly with the sales team in client visits and meetings.

Role

We are looking to hire an experienced (VP level) quant modeler to join our Portfolio Risk Modeling team and lead core risk methodologies and full revaluation models. This individual would have a strong background in quantitative research have demonstrable leadership skills as well as proven experience to work in a team environment collaborating/guiding junior modelers and engineers. This person is expected to join as an individual contributor leading key modeling initiatives establishing proper governance and monitoring of these models.

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 cover a wide variety of fixed income equity alternatives and derivatives asset classes and they are built with 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 BlackRocks rigorous standards of model governance. This individual would be primarily focused on full revaluation models which span multiple fixed income and derivative products and lead to accurate risk assessment of these products. There is also a lot of opportunity to work across asset class and drive synergy/innovation in conjunction with senior modelers in the global team.

You can...

• work at one of the worlds 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 worlds 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

Skills & Qualifications

• 510 years of experience in market risk / derivative pricing / quantitative analytics within a financial services environment (CFA / FRM / CQF is a plus)

• Familiarity with instrument pricing models and linear sensitivities-based approaches scenario analysis stress testing and model behavior across market regimes

• Solid foundation in mathematics and statistics (calculus linear algebra probability) with practical exposure to modeling or analytical problem-solving. Advance degree in a quantitative discipline (Masters or Ph.D in Finance / Economics / Statistics / Financial Engineering or any equivalent quant discipline is preferred)

• Demonstrated exposure to model lifecycle and model governance including performance monitoring and producing high quality technical documentation (whitepapers specifications)

• Strong proficiency in Python for data-science workflows hands on experience with numerical libraries (NumPy pandas SciPy) along-with experience with structured codebases. Proficiency with C is a plus.

• Proven track-record of working on cross-functional projects spanning quantitative technology and validation teams. Experience owning or contributing to multi-month (6 months) delivery initiatives managing dependencies and milestones

• Senior enough to engage confidently with peer-level and senior-stakeholders (risk managers model validation and technology leads)

Competencies

• Demonstrates end-to-end ownership mindset for a critical modeling estate including design implementation monitoring documentation and ongoing enhancement

• Applies structured thinking to decompose complex modeling and monitoring problems.

• Writes clean readable and well-structured code with appropriate abstractions

• Comfortable balancing quantitative depth with engineering pragmatism

• Capable of driving initiatives from concept to production in ambiguous and evolving problem spaces. Manages timelines dependencies and trade-offs effectively across extended delivery cycles

• Communicates with confidence and precision especially when representing complex models or frameworks

• 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

• Ability to synthesize requirements from multiple stakeholders and translate those into actionable plans

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

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 family status gender identity race religion sex sexual orientation and other protected attributes at law.