About this role
Business
Overview
The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks
.
RQA’s mission is to advance the firm’s risk management practices and deliver independent risk advice and constructive
challenge
to drive better business and investment outcomes. RQA’s risk managers play a meaningful role in BlackRock’s investment process, using quantitative analysis and a multi-disciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process.
RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which encourages teamwork, innovation,
diversity
and the development of future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strengths connect with our purpose.
Model
Validation team in Model
Risk Management
The Model Validation team is an integral part of the
global
Model Risk Management Team
.
The Global Model Risk Management function within
the
Enterprise Risk team
is responsible for
developing the firm-wide Model Risk Management framework and the implementation of the framework across
BlackRock.
Role
The
Model Validation team
performs
independent review
s
of model
s, primarily focusing on the models produced and owned by the Aladdin Financial Engineering (AFE) group. The team
works with the model owners
and other stakeholders (
e.g.
model users; governance representatives etc.), designs and runs independent testing of the models,
and provide effective challenge
to the
model
’s
methodology
and implementation
, focusing on the usage
cases
of the models.
We are looking for enthusiastic people
combined with a clear sense of how to “make it happen” through teamwork,
engagement
and commitment.
This role requires
strong good
understanding of
quantitative
modelli
ng,
exposure to programming
languages (
e.g., Python, R, C++)
, familiarity with financial
products
and strong
verbal and
written communication skills.
Knowledge/
Experience /
Qualifications:
Advanced Degree (BS, MS)
master’s degree
in a quantitative discipline, and 1-3 years of experience with
s
trong Mathematics, Statistics and Analytical skills
is
required
.
Strong
technical background
and practical application of
one
(
or more
) of
programming languages
is
required
(for example:
Python; R; C++;
Java;
SQL; Hadoop; Linux applications; Advanced Excel modelling / VBA
etc.).
Some experience in using AI for analytical work is an
advantage
.
Strong
verbal and written
communication
and interpersonal
skills, including
ability
to explain sophisticated technical concepts
in
clear way
is
are
required
.
Practical or theoretical knowledge in one of
following
types of models is an
advantage:
derivatives analytics; structured products analytics; portfolio risk factor models; private/alternatives
asset class modelling; liquidity modelling.
Broad market and finance knowledge
in certain asset class areas
is an
advantage
(
for example: Equity; Fixed Income; Beta; Derivatives; A(M)BS; Credit; Private; LDI; other
etc.
).
Prior
experience in quantitative modelling, model validation or related roles is a
plus
CFA/FRM or progress towards them are a
plus
.
Detail oriented paying attention to
detail
s
.
Fluent in spoken and written English
is
required
.
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.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit
@blackrock
| Twitter:
@blackrock
| LinkedIn:
www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
