Model Risk Management, RQA, Analyst

About this role

BusinessOverview

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 constructivechallengeto 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,diversityand 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.  

ModelValidation team in ModelRisk Management 

The Model Validation team is an integral part of theglobalModel Risk Management Team. The Global Model Risk Management function withintheEnterprise Risk teamis responsible fordeveloping the firm-wide Model Risk Management framework and the implementation of the framework acrossBlackRock.  

Role

TheModel Validation teamperformsindependent reviewsof models, primarily focusing on the models produced and owned by the Aladdin Financial Engineering (AFE) group. The teamworks with the model ownersand other stakeholders (e.g.model users; governance representatives etc.), designs and runs independent testing of the models,and provide effective challengeto themodel’smethodologyand implementation, focusing on the usagecasesof the models.

We are looking for enthusiastic peoplecombined with a clear sense of how to “make it happen” through teamwork,engagementand commitment.This role requiresstrong goodunderstanding ofquantitativemodelling,exposure to programming languages (e.g., Python, R, C++), familiarity with financialproductsand strongverbal andwritten communication skills. 

Knowledge/Experience /Qualifications:

• Advanced Degree (BS, MS) master’s degreein a quantitative discipline, and 1-3 years of experience withstrong Mathematics, Statistics and Analytical skills isrequired.  

  
  

• Strongtechnical backgroundand practical application ofone(or more) ofprogramming languagesisrequired(for example:Python; R; C++;Java;SQL; Hadoop; Linux applications; Advanced Excel modelling / VBAetc.).Some experience in using AI for analytical work is anadvantage. 

  
  

• Strongverbal and writtencommunicationand interpersonalskills, includingabilityto explain sophisticated technical conceptsinclear way isarerequired. 

  
  

• Practical or theoretical knowledge in one offollowingtypes of models is anadvantage:derivatives analytics; structured products analytics; portfolio risk factor models; private/alternativesasset class modelling; liquidity modelling.   

  
  

• Broad market and finance knowledgein certain asset class areasis anadvantage(for example: Equity; Fixed Income; Beta; Derivatives; A(M)BS; Credit; Private; LDI; otheretc.). 

  
  

• Priorexperience in quantitative modelling, model validation or related roles is aplus 

  
  

• CFA/FRM or progress towards them are aplus. 

  
  

• Detail oriented paying attention todetails.    

  
  

• Fluent in spoken and written Englishisrequired. 

  
  

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.