About this roleAladdin 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
Skills & Qualifications: - 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
Competencies: - 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
- Management experience is preferred but not a must-have.
For New York, NY Only the salary range for this position is USD$137,500.00 - 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 benefitsTo 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 modelBlackRock'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 candidatesAt 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.
