Mortgage Analytics Specialist, Associate

BlackRock • New York, NY

285d • $132,500 - $162,000 • Remote

About The Position

BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock's mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs. About Aladdin Financial Engineering (AFE): 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. About Core Analytics Solutions (CAS): The Core Analytics Solutions (CAS) within Aladdin Financial Engineering (AFE) creates and delivers Aladdin's analytical capabilities to influence better portfolio decisions, differentiate products and solutions, and enable our clients to fulfill their financial goals. Our mission is grounded in our expertise of analytics, Aladdin (the firm's proprietary platform), and technology. CAS works across our investment teams and client businesses, in partnership with BlackRock's analytics, data and technology teams, to transform data into intelligence, deploy financial models on Aladdin, address client challenges with innovative technology, and deliver solutions across asset classes and client segments. Our team is known for: Problem solving: We partner with investment, risk and client-facing teams to understand their business problems and provide creative solutions using Aladdin analytics Innovation: We sit at the intersection of finance and technology. We conceptualize, design and implement new capabilities to ensure that Aladdin remains the best platform for clients to understand and manage portfolios and risk Centralized & scalable operating platform: Aladdin is a global investment platform that helps us solve problems in a scalable and efficient manner.

Requirements

• 3 - 5 years of experience in a highly analytical role, developing, utilizing, validating and deploying financial models.
• Experience with advanced fixed income models, including valuation techniques, cash flows and its risk analytics.
• Application of models and analytics within the securitized products domain is preferred.
• Proven track record of orchestrating the model development lifecycle for specifications/requirements data and infrastructure planning, user acceptance testing, deployment and release communications.
• Project management expertise with demonstrated ability to spearhead ambiguous cross-functional initiatives with financial modelers, engineers and product managers.
• Agile Product Management experience is a plus.

Nice To Haves

• Excellent quantitative and analytics skills.
• Ability to identify problems, design and articulate solutions, and implement change.
• Advanced degree in Engineering, Finance, Mathematics, Business Management or some other quantitative field of study preferred.
• Bachelor's degree is required.
• Fixed income and Finance knowledge, including an understanding of bond math and risk.
• Previous experience in mortgages and/or securitized products is a plus.
• Extensive knowledge and understanding of financial markets and ability to comprehend the impact of market events.
• Technical aptitude, including experience in C++, XML, Python, R, Linux, SQL and other scripting languages.
• Exceptional communication and presentation skills.
• Ability to collaborate with both technical and non-technical personnel and to explain complex concepts to the non-technical people in simple and intuitive terms.
• Detail-oriented, organized, and committed while leading multiple projects.
• Pro-activeness, ability to multi-task, prioritize, set and meet deadlines, and strong attention to detail.
• Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) designation is a plus.
• Knowledge of PowerBI, Azure DevOps and Aha! is a plus.

Responsibilities

• Design, develop, validate, and deploy financial models that produce cash flows and security valuation and risk analytics with a focus on mortgages or other securitized assets.
• Enhance BlackRock's Aladdin platform with new security analytic features, models, and processes in response to market demands and industry events, regulatory regime changes etc. in the securitization space.
• Understand rapidly evolving markets & stakeholder needs to influence the analytics roadmap.
• Create frameworks for and directly manage the prioritization of the work, which encompasses models and its analytics capabilities, downstream components and the overall calculation infrastructure which underpins Aladdin.
• Define processes for quality control and maintenance of analytics models to ensure best in class robustness and reliability of Aladdin's analytics outputs.
• Utilize advanced analytics and communication skills to collaborate with BlackRock's Aladdin clients, portfolio & risk managers, and articulate clear financial modeling specifications.
• Understand production processes and liaise with partner teams to ensure smooth model deployments and maintenance.
• Create and improve documentation for analytical models and processes for internal and external consumption.
• Resolve complex analytical enquiries with a keen understanding of analytics and models.
• Stay abreast on global finance, capital markets, geo-political scenarios, regulations and technology trends impacting BlackRock.

Benefits

• Strong retirement plan
• Tuition reimbursement
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Career Level: Mid Level
• Industry: Funds, Trusts, and Other Financial Vehicles
• Education Level: Bachelor's degree