Associate, FIG – Insurance Advisory & Insurance Investment Solutions
About The Position
About this role Team Overview The Insurance Solutions Group provides a wide range of advisory, portfolio construction, capital formation and whole portfolio solutions to insurers globally. Within the Insurance Solutions Group, the Insurance Advisory & Insurance Investment Solutions (“IA&IIS”) team is a group of insurance specialists with diverse backgrounds from asset management, investment banking, insurance, and consultancy. A key focus of the team is engaging with insurance clients to help solve their most complex asset allocation, portfolio construction, risk, and capital management challenges. This work also requires the team to develop bespoke modelling and analytical capabilities, both independently and leveraging the broader BlackRock analytical platform. We use our collective insurance, analytics, and investment expertise and experience to deliver effective investment propositions that address the needs of our insurance clients.
Requirements
- At least 2 years of industry experience, gained within an insurer, asset manager, investment bank, or consultancy.
- Previous experience with investment and ALM strategies utilised by insurers when managing assets invested to meet long-term liabilities, balance sheet management and portfolio optimization.
- Strong knowledge of life insurance products and regulatory and accounting constraints under which insurers operate.
- Good understanding of modern financial mathematics (e.g. option pricing, hedging, stochastic processes, Monte Carlo simulation, interest-rate modelling).
- Demonstrable practical experience in coding with Python, VBA, or other programming languages, specifically applied to asset and liability modelling.
- Advanced degree in mathematics, engineering, economics, or other technical discipline.
Nice To Haves
- Skills commensurate with holding an investment, risk management, actuarial or other technical role in a life insurance, reinsurance or banking environment would be advantageous.
Responsibilities
- Develop a thorough knowledge of the team’s existing systems, tools and other capabilities, as well as those BlackRock capabilities which are of relevance to modelling the assets and liabilities of insurers.
- Contribute to the broad development objectives of the team’s global analytical platform across framework input assumptions, optimization methodologies and liability cashflow aware analytics.
- Undertake complex ALM, strategic asset allocation and capital management exercises to design portfolios and strategies that provide good trade-offs between capital charges, return, volatility, transaction costs and liquidity needs.
- Maintain strong relationships with internal partners in the Financial & Strategic Investors Group, the BlackRock Investment Institute, Aladdin Financial Engineering and relevant investment teams to drive enhancements in analytical capabilities of relevance to insurers.
- Keep abreast of the implications of regulatory, accounting and capital frameworks on investment and risk management decisions made by insurance companies.
Benefits
- employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement 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.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
