Associate - Data Science and Financial Risk Management
BlackRockAbout This Role
Job Title: Associate
Location: New York, NY
As an Associate at BlackRock, you will collaborate with clients and stakeholders to incorporate research, data, and analytic solutions into workflows and decisions based on their needs. You will prototype tactical solutions and partner with technology departments to evolve these solutions into scalable products that can be offered commercially. Your role will involve designing, implementing, and supporting new analytical capabilities with partner teams to address new requirements and enable new opportunities.
Key Responsibilities
- Engage with clients and stakeholders to understand their investment objectives and requirements.
- Utilize research, data, and analytics to develop asset allocation strategies tailored to multi-asset investing.
- Integrate various asset classes, including equities, fixed income, alternatives, and derivatives, into portfolio construction and analysis workflows.
- Conduct regular reviews and updates to ensure alignment with client goals and market conditions.
- Prototype small-scale solutions using Python programming within the Aladdin ecosystem to support portfolio construction, institutional portfolio risk analysis, and performance attribution.
- Collaborate with the software engineering department to transform prototypes into highly scalable and commercially viable tools & applications.
- Maintain a strong focus on innovation and continuous improvement in developing solutions.
- Design, implement, and support new analytical capabilities leveraging the latest technology trends.
- Work closely with partner teams to understand new requirements and identify opportunities for enhancing analytical tools and techniques.
- Ensure the analytical capabilities are robust, scalable, and align with the evolving needs of the business and clients.
Qualifications
- Bachelor’s degree in Financial & Mathematical Statistics, Mathematics, Statistics, Data Science, or a related field.
- Two (2) years of experience as an AVP, Data Analyst, or related role.
- Experience with Python, SQL, Unix, PowerBI, Tableau, Financial Risk Management, Derivative Valuations and Risk Modeling, and Stress Testing and What If Scenario analysis.
Compensation
For New York City only: The salary range for this position is €138,200 - €140,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 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.
Benefits Extracted with AI
- Strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO)
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