Private Asset Market Risk Modeler, Vice President, Aladdin Financial Engineering

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 400 modelers and technologists in Aladdin Financial Engineering (AFE) within BlackRock Solutions 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 Overview:

We are looking to hire a senior quant modeler (VP) to join our Private Asset Market Risk Modeling team to drive the development of risk factor models and portfolio analytics for private market investments. The Private Asset Market Risk team builds a range of models including private equity real estate credit infrastructure and hedge funds with sophisticated econometric/statistical methods and tools. These models have real practical value and have a very large footprint of usage across the entire Aladdin client base including portfolio managers risk managers and allocators and influence investment activity. As a result we place special emphasis on developing models that scale with our growing Analytics business and ensuring adherence to BlackRocks rigorous standards of model governance.

This individual would have a strong background in quantitative research have demonstrable project management skills as well as proven experience to work in a team environment as well as collaborating with senior modelers from other groups/regions. This person is expected to join as an individual contributing to the

design and development of our private market risk models particularly in the private credit (i.e. real estate debt

infrastructure debt) space.

Key Responsibilities

• Develop private asset risk factor models and backtest document and guide new models and methodologies through validation.
• Collaborate with partner teams on model productionization
• Build and maintain model governance controls including (but not limited to) model performance monitoring model documentation model remediations and supporting internal & external client model validations
• Communicate (verbally and in writing) with internal stakeholders and external clients on the design backtesting and usage of the models. Discuss model performance regularly investigateexceptional model performance diagnose issues and conduct corrective remediations

Qualifications

• Extensive experience in quantitative field / statistical modeling. Experience with one or more of the following is preferred: risk factor models and analytics fixed income analytics applications of ML/AI techniques.
• Masters or PhD degree in a quantitative discipline or one that relates to application of quantitative techniques in finance (financial engineering math finance etc.). Masters degree with 5 years or PhD degree with 3 years of experience.
• A strong background in data-driven quantitative research econometrics and empirical asset pricing.
• Hands-on experience with statistical modeling through software (e.g. Python R) and strong background in programming. Proficiency with Python is required.
• Experience with data handling (ETL data joining with SQL cleaning processing summarizing descriptive analysis) and building and back-testing statistical and econometric models.
• Knowledge of private assets investments and portfolio management is preferred.
• Experience with any version control system (e.g. git) is strongly preferred.
• Prior work experience in financial modeling (e.g. risk models analytics pricing/valuation models) or data science and model deployment to production environment is a plus.
• Resourcefulness and strong problem-solving skills even in the face of constraints limited options or uncertainties.
• Ability to work effectively with a team of highly motivated individuals.
• Time and project management skills.
• Proven track record of guiding junior talent.
• Positive attitude and ability to work both independently and as a part of a global team in a fast-paced environment.
• Excellent communication and presentation skills.

For New York NY Only the salary range for this position is USD$170000.00 - USD$225000.00 . Additionally employees are eligible for an annual discretionary bonus and benefits including healthcare 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

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.

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 weve provided guidanceon when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock please visit . We also encourage you to get to know us on LinkedIn Instagram YouTube X and TikTok.

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race creed color national origin sex (including pregnancy and gender identity/expression) sexual orientation age ancestry physical or mental disability marital status political affiliation religion citizenship status genetic information veteran status or any other basis protected under applicable federal state or local law.View theEEOCs Know Your Rights poster and its supplementand thepay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process please email . All requests are treated in line with our.

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.