Energy & Climate Applied Analytics, Associate

About this role

Are you interested in how the global energy system and the physical environment have impact on asset management practices? Do you enjoy understanding modelling mechanics in detail yet still want to be close to the action with clients and portfolio managers? Then consider this opportunity to work for the Energy & Climate Applied Analytics (ECAA) team in BlackRock’s Aladdin organization. In this role you are at the heart of how analytics related to the energy system, climate and sustainability are applied across the investment process.

The ECAA team builds the linkage between Aladdin’s core modelers and BlackRock’s clients and portfolio managers. Our purpose is to understand use cases and client demands, develop quantitative solutions together with modelling teams, ensure delivery of quality analytics to our clients, frame narratives in collaboration with client teams and portfolio managers and feedback our findings into the modelling roadmap. You will be part of the growing local presence in Budapest, with immediate stakeholders spread across Europe, the US and India. The versatility of this role and the multitude of applied skillsets makes it an excellent opportunity as you build your career! Joining BlackRock means becoming a part of a community of talented and curious people who are tackling some of the world’s most complex financial, energy system and climate challenges. And our founder-led culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.

Key Responsibilities

Build new applied analytics solutions:

• Work with modelling, product, and engineering teams to support integration of financial models and outputs to Aladdin platform, including the development and deployment of production pipelines:

• Develop and implement top down or proxy approaches for various asset classes (e.g. private markets) to expand coverage or handle limited input data;

• Design, develop and deploy analytical tools and approaches to help translate asset level modelling outputs into robust and decision-useful insight to support our clients in embedding climate and sustainability in investment processes;

• Ensure best in class robustness and reliability of analytics output through definition and build of processes to test and refine model outputs as part of research and development.

• Ongoing quality control of analytics model outputs through use, operationalisational and enhancement of testing framework.

Frame investment narratives:

• Engage with portfolio managers across multi-assets, equities and fixed income as well as BLKs portfolio consulting teams to understand client demands and priorities for climate analytics;

• Support building narratives around climate analytics catered to specific use cases (such as e.g. the decarbonization of a multi-asset portfolio, portfolio exposure to tariff implementation and changing trade flows). Roadmap management:

• Collaborate with programme management to ensure client feedback and portfolio manager requirements are appropriately reflected in the modelling roadmap.

Skills & Qualifications:

• Strong analytical and problem-solving skills with the ability to synthesize information, summarize issues and think creatively;

• Familiarity with modeling techniques used for valuation and quantification of risk associated with financial instruments like Equity, Fixed Income, or derivative asset classes. Familiarity with climate risk will be a plus;

• Excellent communication and presentation skills. Ability to collaborate with both technical and non-technical personnel:

• Demonstrate intermediate or advanced skills in Python (SQL is a plus);

• Detail-oriented, organized, and committed while working on multiple projects; • Motivated team player, flexible in approach and ability to work independently and effectively across time zones;

• Proactive and responsive with keen attention to detail and a strong sense of ownership;

• College degree, 3-5 years’ experience working in financial institutions. New graduates and those with fewer than 3 years experience but a relevant post-graduate degree will also be considered

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.