London, GBR
1 day ago
Portfolio Risk Modelling team Model Governance, Associate
**About this role** 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. The Modelling Research team in AFE is looking for a portfolio risk modeller to join the London team to contribute to the model governance of Aladdin Equity risk models. These models are used to provide risk oversight on BlackRock investment strategies and Aladdin clients, and also being deployed for use in portfolio construction purposes. This modeller will work on all aspects of model governance of equity risk models, such as performance monitoring and model backtesting. Job Responsibilities The successful candidate will be responsible for overseeing all aspects of model governance for our equity risk models. Key responsibilities include: + Design, enhance, and maintainperformance monitoring frameworks + Develop and improvemodel quality control and model back-testing procedures + Investigate and resolve model exceptions + Perform detailed case studies to evaluate and validate the effectiveness of our equity risk models + Conduct model validation and implement necessary remediation measures + Address and resolve client inquiries related to model governance Key Skills & Qualifications + Graduate degree in a technical field (Econometrics, Finance, Maths, Statistics, Computer Science and/or Engineering) + Postgraduate degree in a technical fieldis a plus + 2+ years relevant working experience + Strong programming skills and experience using Python to conduct statistical/econometric analyses + Knowledge in Unix/Linux, Git is a plus + Strong knowledge of financial, 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 timeframe + Good time management skillsincluding the ability to handle multiple projects + Interest in portfolio risk modelling **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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.
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