About this role

Company: BlackRock Financial Management, Inc.

Job Title: Associate

Location: 50 Hudson Yards, New York, NY 10001

Job Duties: Review existing Treasury Futures and Yield Curves model methodology and improve documentation for analytical models and processes for internal and external consumption. Scope, build, and maintain enhanced performance monitoring for most critical and widely used single security models and address issues when identified. Design, test, and deploy enhanced rates and derivatives financial models. Enhance BlackRock's Aladdin platform with new security analytics, models and processes in response to market demands and industry events, and regulatory regime changes. Define processes for quality control and maintenance of analytics models to ensure best in class robustness and reliability of Aladdin's analytics output. Utilize advanced analytics and communication skills to collaborate with BlackRock's clients, portfolio and risk managers, and articulate clear financial modeling specifications. Understand production processes and liaise with partner teams to ensure smooth model deployments and maintenance. Resolve complex analytical enquiries with a keen understanding of analytics and models. Mentor and train junior analysts as they build expertise and gain exposure. Stay abreast on global finance, capital markets, geo-political scenarios, regulations and technology trends impacting BlackRock.

Qualifications: Master's degree in Quantitative Finance, Financial Engineering, Financial Analytics, Mathematics, or a related field and one (1) year of experience as an Associate, Analyst or a related role. In the alternative, the employer will accept a Bachelor's degree in Quantitative Finance, Financial Engineering, Financial Analytics, Mathematics, or a related field and three (3) years of experience as an Associate, Analyst or a related role. Must have one (1) year of experience with: Developing, deploying and using financial models including in Interest Rate & Derivatives: Short Rate Models, Volatility Surfaces, Yield Curves, and Black-Scholes Model (BSM); Advanced analytics including Futures and Options valuation, fixed income valuation techniques, and interest rate modeling; C++, XML, Linux, SQL, and scripting languages including Perl, Python, and LUA; Knowledge of Financial Markets including Fixed Income: Bonds, Options, Swaps and Swaptions; Experience monitoring risk exposures, identifying and explaining limit breaches, and tracing them to specific trades and products; Experience analyzing profit and loss drivers using Greeks and other risk sensitivities to provide clear attribution; Experience applying advanced market risk models, including Value-at-Risk (VaR) and conducting stress testing to assess portfolio resilience under extreme scenarios; and Experience with interpreting traders' strategies, assess market dynamics, and project potential future movements to support informed decision-making.

To apply, please click "Apply" on this webpage.
For New York, NY Only the salary range for this position is USD$150,000.00 - USD$170,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our 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.

Our hybrid work model

BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work - enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we've provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.