About this role
AI Labs Overview:
Since our founding over 30 years ago, BlackRock has brought together great minds to drive innovation. From the beginning, we have been demonstrating technology for insight and efficiency to make our business better and to help clients realize the objectives they desire. At BlackRock, there is a rich problem space for data scientists and engineers across all areas of the business including investments, sales, marketing, operations, product, UX, etc. and the potential to have large scale impact. In 2018, BlackRock accelerated innovation and technology again with additional investment in artificial intelligence and data science and all the potential they represent.
AI Labs was formed to act as a central hub with a firm-wide remit to solve strategic business challenges for the firm by bringing to bear our expertise in data science, machine learning, generative AI, optimization, stochastic control and statistics. Our mission is to combine human and machine intelligence to revolutionize asset management. The team is led by Dr. Rachel Schutt.
Our solutions drive towards commercial impact in the form of alpha generation, operational efficiencies, and cost reduction. Building on the success of systematic investment teams with a history of demonstrating machine learning at BlackRock to create alpha, the goal is to apply these same techniques throughout the business.
The team has grown to 40+ data scientists and data engineers. Working collaboratively, the team is multi-disciplinary with the following skills and capabilities: machine learning, statistical modeling, signal detection, natural language processing, data visualization, network/graph modeling, ETL, data pipelines, data architecture, communication, product management and strategy. We work with data from a wide variety of sources including text, news feeds, financial reports, time series transactions, user behavior logs, and real-time data.
AI Labs has offices in New York, Palo Alto, Edinburgh, Atlanta and Seattle.
We are looking for candidates with unique backgrounds and diverse skill sets with fresh perspectives to accelerate and amplify our efforts to make an impact at BlackRock. AI Labs aims to bring best of class technologies, analytics, and insights to the entirety of the firm and to our clients.
Job Description
As a data scientist, you will collaborate with a distributed team of outstanding academics, engineers, and investment professionals to develop methodologies to solve a corporate-wide set of client, investor, and operational problems. Solutions developed often use multiple subject areas, including statistics, artificial intelligence, machine learning, and optimization, and combine original methods with pioneering solutions available in industry and academia. You will be part of the entire research lifecycle, from initial research and prototyping, to iterating on system design, to detailing the final solution and clearing internal review processes.
Responsibilities
Work with stakeholders to translate business needs into well-scoped technical projects.
Efficiently work with large and complex datasets to build and evaluate technical approaches.
Rapidly prototype technical solutions using cutting-edge AI/ML tools.
Work with engineers and stakeholders to build production-grade solutions that are reliable, scalable, and operate in compliance with firm-wide processes.
Present technical work clearly to senior management and write high quality technical documentation.
Qualifications
Either a PhD in a quantitative subject area (computer science, mathematics, statistics, economics, physics, engineering, or related field), or
An MS degree in a quantitative field plus 3+ years of professional experience in optimization, machine learning, artificial intelligence, statistics, or other aspects of the data science process.
Strong familiarity with Python programming. Experience building production-grade solutions a plus.
Strong theoretical background in and practical experience using optimization, statistical techniques, and AI/ML. Academic publications or open-source code a plus.
Ability to work within a team environment, and to collaborate and communicate across cross-functional groups.
Experience with the analysis or application of data in finance, economics, or related fields is a plus.
Experience applying generative AI solutions (via open-source tools or through Azure, Amazon Bedrock, Nvidia etc) is a plus.
Experience with cloud technologies (Azure, AWS, Google Cloud Platform) is a plus.
Experience with machine learning libraries such as PyTorch, TensorFlow, JAX is a plus.
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 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 the EEOC’s Know Your Rights poster and its supplement and the pay 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 [email protected]. All requests are treated in line with our privacy policy.
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.Similar Jobs
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
Gallery
BlackRock Teams
BlackRock Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.
