About this role
The Modeling and Research team 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 models and tools across many different areas – single-security pricing, prepayment models, risk, return attribution, liquidity, optimization and portfolio construction, scenario analysis and simulations, etc. and 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. Modeling and Research also conducts leading research on the areas above, delivering state-of-the-art models. They also publish applied scientific research frequently, and our members present regularly at leading industry conferences. Modeling and Research engages constantly with the sales team in client visits and meetings.
Key Responsibilities:
The Modeling and Research team is looking for multiple quantitative researchers in various fields of expertise for roles across our teams. The researchers’ primary job responsibilities are to develop methodologies, models, and analytics to help portfolio and risk managers to better conduct valuation or manage risks and rewards at both security and portfolio level. We are specifically hiring for the following teams.
The Portfolio Simulation Research team
This team specifically is building out a new engine for the joint simulation of the global macro economy, drivers of financial markets, and individual assets. The team is building and connecting innovative models and methodologies across these spaces in a Bayesian framework. The engine is used in scenario analysis and portfolio construction / strategic asset allocation.
Responsibilities for this team include:
Doing theoretical research to come up with new, or find existing models and methodologies in the risk space, across multiple asset classes including private assets
Doing empirical research to calibrate new models to financial data
Backtesting, documenting, and guiding new models and methodologies through validation
Communicate with internal and external clients to identify industry-wide quantitative problems and collaborate with academics affiliated with BlackRock to explore solutions
Collaborate on papers for publication, presenting original research at industry conferences, and speaking with institutional clients about relevant research.
Additional job responsibilities may include working with portfolio management teams on bespoke projects supporting their investment processes or working with financial advisory teams on modeling projects for bespoke products.
For the simulation team, the requirements are:
PhD/Master in Finance, Statistics/Econometrics, Economics or other relevant quantitative disciplines
A minimum of 5+ years’ experience in quantitative modeling and analytics.Experience in people management is a plus but not required
Experience in private market modeling / private cashflow modeling is a plus
Demonstrated ability to conduct high quality empirical research or theoretical research relevant for empirical analysis. Knowledge of financial mathematics (derivatives pricing). Experience with Bayesian or experience with machine learning
Able to communicate quantitative information and collaborate effectively in a team environment
Able to communicate with internal stakeholders and external clients
Solid programming skills in Python and a drive and ability to quickly pick up new technologies. Exposure to Git, Unix, SQL, or any high-performance computing language is a plus but not required. Exposure to PyTorch/Jax is a plus but not required
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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