Associate

BlackRock • New York, NY

25d • $150,000 - $170,000 • Hybrid

About The Position

Build and maintain risk neutral deterministic and stochastic models that are used for construction of Interest Rate, FX, inflation curves, volatility surfaces, and pricing corresponding instruments. Works as an individual Establish and implement robust governance processes in the space of rates and derivatives. Contribute to developing and maintaining the automated process that will ensure that our models are performing successfully, and flags exceptions that require further attention. Perform model testing and maintain model documentation in sufficient detail up to standards. Collaborate with software developers and validation teams to test and release new models into production. Communicate (verbally and in writing) with internal clients on model performance regularly, investigate exceptional model performance, diagnose issues and conduct corrective remediations. Keep abreast of recent trends in technology, quantitative finance, and capital markets. Bring the latest techniques to bear on the problems we face in our day-to-day work.

Requirements

• Master’s Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 12 months of experience in job offered or closely related role.
• Bachelor's Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 36 months of experience in job offered or closely related role.
• Perform end-to-end analysis using Python tools including pandas, numpy, scikit-learn, Airflow and SQL on large financial datasets.
• Develop and deploy research pipelines and trading tools in Unix and Linux environments using Git and Bash.
• Apply advanced financial theories including Black-Scholes, mathematical models such as stochastic calculus and optimization, and statistical frameworks like time-series analysis and Bayesian inference in model development.
• Design and maintain models and infrastructure in Python and C++ to support both rapid prototyping and high-performance computing for latency-sensitive components.
• Build frameworks for historical strategy evaluation, scenario analysis, stress testing, and uncertainty quantification.
• Conduct empirical and theoretical research on financial instruments including equities, futures, bonds, and rates across global markets such as the US and APAC, focusing on liquidity, volatility, and co-integration.
• Create automated tools and dashboards for performance attribution, live monitoring, anomaly detection, and model validation.

Responsibilities

• Build and maintain risk neutral deterministic and stochastic models
• Establish and implement robust governance processes in the space of rates and derivatives.
• Contribute to developing and maintaining the automated process that will ensure that our models are performing successfully, and flags exceptions that require further attention.
• Perform model testing and maintain model documentation in sufficient detail up to standards.
• Collaborate with software developers and validation teams to test and release new models into production.
• Communicate (verbally and in writing) with internal clients on model performance regularly, investigate exceptional model performance, diagnose issues and conduct corrective remediations.
• Keep abreast of recent trends in technology, quantitative finance, and capital markets.
• Bring the latest techniques to bear on the problems we face in our day-to-day work.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees