Vice President, Portfolio Modeling Engineer (New York, NY)
Description About this role About BlackRock
BlackRock is the world's largest asset management firm and a premier provider of global investment management and advisory services to institutional, intermediary and individual investors around the world. We offer a wide range of investment solutions - from rigorous fundamental and quantitative active techniques that maximizes outperformance, to highly efficient indexing strategies that provides broad exposure to the world's capital markets. Our clients can access these solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs. About the Team
Come join a diverse and collaborative group of quantitative engineers in Portfolio Modeling team within the Financial Modeling Group (FMG). FMG is responsible for the research and development of the financial models underpinning BlackRock's Aladdin platform. Our models span a wide array of financial products and enable analysis at many different levels - from analyzing the cash flows of a single bond to optimizing trade decisions across an entire investment portfolio or enterprise. These analytics empower users with accurate and flexible risk and investment insights - both across BlackRock and for clients of Aladdin.
The Portfolio Modeling team is focused on building accurate, fast and scalable risk models and related analytical tools for investment portfolios across all asset classes. We pursue the unique dual challenges of quantitative modeling and software engineering. Specifically, we support the most sophisticated risk model bundle in the asset management industry, covering multi-factor risk models, liquidity models, value at risk(VaR) calculation, stress testing, portfolio optimization, and etc. Meanwhile we maintain and evolve a quantitative software ecosystem as a pillar of Aladdin's analytical capabilities - every day our system supports risk analysis and portfolio construction operations from thousands of investment accounts managed by BlackRock and its clients. In recent years, we kicked off a major system upgrade towards a cloud-based and API-compatible infrastructure. This initiative would fundamentally reshape our product offerings and open up numerous business opportunities. As a result, we are more excited than ever to invite new talents to join this endeavor.
As a team owning multiple essential models and products in the Aladdin community, we regularly coordinate with partners across the organization, from portfolio managers and client representatives to researchers, platform engineers and product managers. This brings in business vision and career opportunities of different kind. As a new jointer, you will receive in-depth training at the beginning, and as you become familiar with the team's models and infrastructure, you are encouraged to deep dive in a particular domain to further progress in career. Besides, we are dedicated to a healthy, inclusive, and productive working environment. From desert breaks on Friday afternoons to team outings in state parks (on non-workdays), there will be many occasions to be yourself and recharge. About the Role
The Portfolio Modeling team within FMG looks to hire an VP level quantitative engineer, who will majorly focus on risk modelling, portfolio analytics and quantitative software development.
Key responsibilities will include:
• Understanding risk modeling techniques.
• Building quantitative software to solve various type of risk analysis portfolio problems with accuracy and scale.
• Helping internal and external partners and clients understand our models and tools, and in some case analyzing their specific portfolio management problems.
• Conducting research on risk models or optimization algorithms to fulfill new use cases.
• Conducting platform engineering to leverage cloud-based data storage, parallel computing and REST API access.
• Engage with BlackRock clients to promote adoption and usage of our models and tools. Skills & Qualifications
• Undergraduate or advanced degree in mathematics, computer science, financial engineering or related fields.
• 6+ years of proven programming experience in Java
• Prior experience with enterprise software development, or complex research/engineering projects in academia.
• Familiarity with financial modeling concepts, including probability theory, linear algebra, asset pricing, investment risk analysis, and modern portfolio theory. (A good candidate would know some of these, maybe not all).
• Ability to apply existing algorithms or models to real-world investment or business problems .
• Willingness to communicate with partners of a diverse set of backgrounds. 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. 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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
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.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.