About this role
Role Description
The Aladdin Financial Engineering (AFE) team is responsible for the research and development of financial models underpinning the risk management analytics produced at BlackRock. The group also contributes to the infrastructure and software responsible for the production of analytics and the delivery of analytic content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of business objectives among Aladdin clients and within BlackRock itself the models developed and supported span a wide array of financial products, ranging from equity to fixed income and alternatives. In addition, members seek to provide analysis and insight on many different levels from analysis of single name securities to the overall financial risk associated with an entire portfolio.
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The Modelling Research team in AFE is looking for a portfolio risk modeller to join the Budapest team to contribute to Aladdin risk analytics, models and governance. These analytics are used to provide risk oversight on BlackRock investment strategies and Aladdin clients, and also being deployed for use in portfolio construction purposes.
Job Responsibilities
The successful candidate will be expected to join as an individual contributor, working on our risk analytics, models and governance.
The Portfolio Risk team builds a range of models and analytics including linear factor models, Value-at-Risk (VaR) methodologies, volatility and covariance matrix estimation and portfolio stress testing & scenario analytics. Our models use sophisticated econometric/statistical methods and tools. The models themselves have real practical value and are used by traders, portfolio managers and risk managers and influence investment activity. These models have a very large footprint of usage across the entire Aladdin client base, and so we place special emphasis on implementing models that scale with our growing Analytics' business, and ensuring adherence to BlackRock's rigorous standards of model governance. This individual would be primarily focused on analytics project work, whilst working in conjunction with modelers in the global team.
Key Skills & Qualifications & Competencies
- Research/Analytics professional with an advanced degree in a quantitative discipline - master/Phd's in a technical field (Econometrics, Finance, Maths, Statistics, Physics, Engineering)
- 2+ years relevant working experience or research experience at PhD level
- Strong programming skills and experience using Python to conduct mathematical/econometric analyses
- Strong knowledge of mathematical and statistical theory
- Strong interest in financial market
- Strong oral and written (English language) communication skills that enable complex ideas to be readily understood by team members and clients
- Enthusiasm, flexibility, and maturity to adapt to the needs of a dynamic group and deliver within strict time frame
- Good time management skills including the ability to handle multiple projects
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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, race, religion, sex, sexual orientation and other protected characteristics at law.