Quant Associate

BlackRock•New York, NY

17h•$137,500 - $170,000•Hybrid

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 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. Aladdin Financial Engineering (AFE): AFE is a diverse and global team with a keen interest and expertise in all things related to technology and financial analytics.  The group is responsible for the research and development of quantitative financial and behavioral models and tools across many different areas – single-security pricing, prepayment models, risk, return attribution, liquidity, optimization and portfolio construction, scenario analysis and simulations, covering all asset classes. The group is also responsible for the technology platform that delivers those models to our internal partners and external clients, and their integration with Aladdin. AFE conducts leading research on the areas above, delivering state-of-the-art models. AFE publishes applied scientific research frequently, and our members present regularly at leading industry conferences. AFE engages constantly with the sales team in client visits and meetings. Role: We are looking to hire a quantitative modeler to join Aladdin Financial Engineering. This individual would have a strong background in quantitative research, have some experience with project management skills as well as proven experience to work in a team environment, collaborating with peer researchers and engineers, looking to also collaborate with team members in other regions. This person is expected to join as an individual contributor, leading research and development of model governance workstreams and gradually grow into an experienced researcher with expertise to represent and present our models and analytics to internal stakeholders and Aladdin clients. You can... Work at one of the world’s top FinTech companies. We sell our Aladdin analytics platform to over 100 of the top global financial institutions and corporations, handling many trillion USD of assets Help develop and deploy quantitative financial models and portfolio analytics that are used to manage most of the money of the world’s largest asset manager Bring all yourself to the job. From the top of the firm down we embrace the values, identities and ideas brought by our employees

Requirements

Research/Analytics professional with 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, advanced degree in a quantitative discipline is a plus
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) and strong background in programming, Python in particular, is strongly preferred
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
Strong desire to apply quantitative skills to address financial problems and issues that BlackRock encounters in the course of business
Strong analytical skills, attention to detail and strong work ethics
Possesses a positive attitude and 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
Possesses excellent communication and presentation skills
Ability to synthesize requirements from multiple stakeholders and translate those into actionable plans
Organized in carrying out the responsibilities, possess strong time management skills and should be high on focus

Nice To Haves

Management experience is preferred but not a must-have.

Responsibilities

Leading research and development of model governance workstreams
Represent and present our models and analytics to internal stakeholders and Aladdin clients
Develop and deploy quantitative financial models and portfolio analytics