Quant Associate

BlackRock•New York, NY

3d•$137,500 - $170,000•Hybrid

About The Position

BlackRock is seeking a quantitative modeler to join the Aladdin Financial Engineering (AFE) team. AFE focuses on the research and development of quantitative financial and behavioral models and tools across various asset classes, including pricing, risk, return attribution, liquidity, optimization, and portfolio construction. The team is also responsible for the technology platform that delivers these models to internal partners and external clients. AFE is known for its leading research, frequent publications, and presentations at industry conferences. The role involves collaborating with peer researchers and engineers globally, and representing models and analytics to internal stakeholders and Aladdin clients.

Requirements

3+ years of solid experience in quantitative/statistical modeling.
Experience with market risk/factor models and portfolio risk analytics (VaR, Tracking Error, Stress Testing) is strongly preferred.
Undergraduate Actuary / Statistics / Applied Mathematics / Econometrics.
Strong background in programming, Python in particular, is strongly preferred.
Strong desire to apply quantitative skills to address financial problems and issues.
Strong analytical skills, attention to detail and strong work ethics.
Ability to work both independently and as part of a team (within a department or in an inter-departmental/virtual setting), in a fast-paced environment.
Excellent communication and presentation skills.
Ability to synthesize requirements from multiple stakeholders and translate those into actionable plans.
Organized in carrying out responsibilities, possess strong time management skills and should be high on focus.

Nice To Haves

Advanced degree in a quantitative discipline.
Familiarity with financial products/risk management process is a strong plus.
Exposure to model backtesting, quality controls, and validation is highly desirable.
Hands-on experience with statistical software (e.g., Python, R, MATLAB).
Experience with large data set and various machine learning algorithms a plus.
Prior work experience in financial modeling (e.g., risk models, analytics) or data science and model deployment to production environment is a strong plus.
Management experience is preferred but not a must-have.

Responsibilities

Lead research and development of model governance workstreams.
Collaborate with peer researchers and engineers, including team members in other regions.
Represent and present models and analytics to internal stakeholders and Aladdin clients.
Develop and deploy quantitative financial models and portfolio analytics.