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About this roleBlackRock 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's mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients.About Aladdin Financial Engineering (AFE):Join a diverse and collaborative team of over 400 modelers and technologists in Aladdin Financial Engineering (AFE) within BlackRock Solutions, the business responsible for the research and development of Aladdin's financial models. This group is also accountable for analytics production, enhancing the infrastructure platform, and delivering analytics content to portfolio and risk management professionals (both within BlackRock and across the Aladdin client community). The models developed and supported by AFE span a wide array of financial products covering equities, fixed income, commodities, derivatives, and private markets.Role Overview:We are looking to hire a senior quantitative modeler (Vice President) to join our Portfolio Risk Modeling team. This team builds and maintains risk models and analytics, including linear factor models, Value-at-Risk (VaR) methodologies, volatility and covariance matrix estimation, and portfolio stress testing & scenario analytics. These models span a wide variety of asset classes including fixed income, equity, and private markets. The models utilize sophisticated econometric/statistical methods, and are used by traders, portfolio managers and risk managers at BlackRock and Aladdin clients for risk management, portfolio construction, regulatory reporting, compliance and performance attribution.Key ResponsibilitiesNear Term:
Lead model governance for Aladdin private markets models including (but not limited to) private equity, private credit, real estate, infrastructure, hedge funds, etc.Building and maintaining model governance controls, including (but not limited to) model performance monitoring, model documentation, model remediations and supporting internal & external client model validations.Communicate (verbally and in writing) with internal stakeholders and external clients on model performance regularly, investigate exceptional model performance, diagnose issues and conduct corrective remediations.Longer Term:Doing empirical research to calibrate new models to financial data. Backtesting, documenting, and guiding new models and methodologies through validation.Partner with engineering teams to migrate private markets models onto state-of-art production systems.Communicate (verbally and in writing) with internal stakeholders and external clients on the design, backtesting, and usage of the models.Qualifications5-8 years of experience in quantitative field / statistical modeling. Experience with portfolio risk analytics, private markets investments, and /or model governance is strongly preferred.Advanced degree in a quantitative discipline - Master's degree in Finance / Economics / Statistics / Financial Engineering / Math Finance, etc.Knowledge of investments, portfolio management, econometrics, and empirical asset pricing.A strong background in quantitative research.Hands-on experience with statistical modeling through software (e.g., Python, R, MATLAB) and strong background in programming. Proficiency with Python is required.Experience with data handling (ETL, data joining with SQL, cleaning, processing, summarizing, descriptive analysis), and building and back-testing statistical and econometric models.Experience with any version control system (e.g., git) is strongly preferred.Prior work experience in financial modeling (e.g., risk models, analytics, private markets) or data science and model deployment to production environment is a plus.Ability to work effectively with a team of highly motivated individuals.Time and project management skills.Proven track record of guiding junior talent.Positive attitude and ability to work both independently and as a part of a global team in a fast-paced environment.Excellent communication and presentation skills.Resourcefulness and strong problem-solving skills even in the face of constraints, limited options, or uncertainties.Salary and BenefitsFor New York, NY Only the salary range for this position is USD$162,000.00 - USD$215,000.00. Additionally, employees are eligible for an annual discretionary bonus, and benefits including health care, 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 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.
About BlackRockAt 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.BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.#J-18808-Ljbffr
