About this role
About our Platform
BlackRock is a global leader in investment management, risk management, and advisory services to institutional, intermediary, and individual investors around the world. We aim to deliver better financial outcomes for our clients through disciplined investing, rigorous research, and a culture grounded in intellectual curiosity and accountability.
Fundamental Equities invests through style- or sector-specific, research-driven strategies, combining the breadth of a global platform with the autonomy of specialist teams. Investment teams operate with discretion within a robust risk framework and are accountable for delivering consistent outperformance.
About our Team
BlackRock’s London-based Sector & Thematics equity team is a long-established specialist platform within Fundamental Equities, focused on natural resources and thematic equity strategies. Founded in 1988, the team manages approximately US$37 billion in predominantly long-only assets across mining, gold, agriculture, energy and new energy strategies, and has won more than 100 industry awards for investment performance.
The team invests globally across the market-cap spectrum, applying a bottom-up, high-conviction investment approach. It is made up of 18 people with over 100 years of combined investment experience and is broadly organised into two specialist investment pods: Materials and Energy / Energy Transition.
The investment team includes 11 portfolio managers and analysts. Within this group, five cover mining and gold, two are dedicated to agriculture, and four cover energy and new energy. Portfolio managers are responsible for both fundamental research and portfolio management, supported by analysts who contribute investment ideas, company research and sector insight. Four of the team’s portfolio managers have technical backgrounds or relevant industry experience, which is important in natural resources investing, where differentiated views often depend on understanding geology, project quality, reserve life, capital intensity, cost curves, permitting, operational execution and commodity-cycle dynamics.
The team is supported by significant dedicated non-investor and portfolio management resources, allowing portfolio managers and analysts to remain focused on research, portfolio management and investment debate. These include nine product strategists responsible for client queries and investment communications, a business manager focused on team management priorities and operating discipline, a core portfolio management function that supports the operational aspects of portfolio implementation and oversight, and a portfolio management assistant who provides administrative support to the whole team. The team also benefits from BlackRock’s broader Fundamental Equities platform, including risk management, trading, corporate access, technology and global research resources.
About this Role
We are seeking a Research Analyst to cover the mining and gold sector within the Materials pod. This individual will be responsible for developing differentiated investment views and generating high-conviction ideas that directly inform portfolio investment. The role requires a combination of technical domain expertise and rigorous financial analysis and modelling skills, alongside the ability to influence decisions in a collaborative, debate-driven environment.
Key Responsibilities
Generate high-conviction investment ideas within mining and gold sectors, with clear portfolio relevance
Own end-to-end fundamental research: company analysis, valuation, and investment recommendations
Build and maintain robust, decision-grade financial models grounded in clear assumptions and logical frameworks
Develop differentiated views by identifying key value drivers, inflection points, and risks
Monitor holdings and update investment theses with speed and discipline
Partner closely with portfolio managers on position sizing, timing, and portfolio construction
Contribute to team discussions, articulating investment arguments in a logical and consistent manner and shaping sector views and broader investment strategy
Work with AI tools to enhance company and commodity analysis and investment decision-making.
Knowledge/Experience:
Domain & Technical Expertise
Strong financial modelling and valuation capability.
Academic background and industry experience as a geologist or mining engineer required.
Investment Judgment
Demonstrated ability to form independent, evidence-based views in complex environments
Track record (or clear potential) in generating actionable investment ideas and originating investment ideas across the market cap spectrum.
Analytical & Intellectual Profile
Strong academic foundation with evidence of analytical rigour and structured thinking
Ability to distil complexity and focus on key drivers of value
Working Style
Clear, concise communicator able to articulate investment views with conviction
Collaborative and effective in a high-performance, debate-oriented team
High levels of curiosity, ownership, and learning agility
Additional
5–12 years of relevant experience
Combination of mining industry and buy-side experience (public or private equity) preferred
CFA or equivalent beneficial
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.
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, we’ve provided guidance on 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 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.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
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.
Skills Required
- Academic background and industry experience as a geologist or mining engineer
- Strong financial modelling and valuation capability
- 5-12 years of relevant experience
- Demonstrated ability to form independent, evidence-based investment views
- Track record or clear potential in generating actionable investment ideas across market caps
- Strong academic foundation with analytical rigour and structured thinking
- Clear, concise communication and collaborative, debate-oriented working style
- Combination of mining industry and buy-side experience (public or private equity)
- CFA or equivalent
- Experience using AI tools to enhance company and commodity analysis
BlackRock Compensation & Benefits Highlights
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Retirement Support — The package includes a 401(k)/Retirement Savings Plan with an employer match plus an additional company retirement contribution. Together with an employee stock purchase option, this positions retirement support as a notable strength for U.S. roles.
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Parental & Family Support — Paid parental leave and family‑building resources (adoption, fertility, nursing support) are emphasized, alongside child, special‑needs, and elder‑care resources. This breadth signals meaningful support across diverse family situations.
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Leave & Time Off Breadth — Flexible Time Off (FTO) for eligible roles is promoted, with additional sick and bereavement leave. Time away is framed as enabling rest and recharge when needed.
BlackRock Insights
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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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.
