About this role
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.
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 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 BlackRock’s 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.
About the role
Develop private credit risk factor models and back test, 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, investigate exceptional model performance, diagnose issues and conduct corrective remediations
About you
Extensive experience in quantitative field / statistical modeling. Experience with one or more of the following is preferred: risk factor models and analytics, domain knowledge of fixed income securities, applications of ML/AI techniques.
Master’s or PhD degree in a quantitative discipline or one that relates to application of quantitative techniques in finance (financial engineering, math finance, etc.). Master’s 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 investments, 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
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
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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
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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.
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