Derivatives Product Engineer (Python) – Vice President

Locations: Chicago, Illinois

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At BlackRock, technology has always been at the core of what we do – and today, our technologists continue to shape the future of the industry with their innovative work. We are not only curious but also collaborative and eager to embrace experimentation as a means to solve complex challenges. Here you’ll find an environment that promotes working across teams, businesses, regions and specialties – and a firm committed to supporting your growth as a technologist through curated learning opportunities, tech-specific career paths, and access to experts and leaders around the world.

Job description

About this role

SpiderRock Advisors – Derivatives Product Engineer (Python) - Vice President

About this role

We are a dynamic, data-driven team at the intersection of finance and technology. We are seeking a highly skilled Quantitative Python Developer to join our team, where you will be responsible for building and optimizing solutions for data manipulation, quantitative calculations, and financial analysis. If you have a passion for programming, a solid foundation in statistics, and a keen interest in financial markets, we want to hear from you!

Description of the role:

SRA is seeking an energetic and talented Derivatives Product Engineer & Developer responsible for understanding the application of derivatives within portfolios, encompassing multiple asset classes. This role will be supporting high performance quantitative analytics & execution between Investment & Technology teams, both to internal BlackRock teams and external clients. You will be responsible for building and optimizing derivatives solutions for our Investment team, as well as clients. If you have a passion for derivatives, programming, a solid foundation in statistics, and a keen interest in financial markets, this role is a part of a dynamic and rapidly evolving team responsible for portfolio design, risk management, portfolio management, quantitative analysis and research, aiding our clients and teams in improving and scaling their portfolio management via automating derivatives solutions as a fiduciary. 

Description of the work:

Develop, operate and continuously improve trading and portfolio management infrastructure and proprietary software

Design and Document workflows, processes, and data products.

Conduct quantitative research to improve management and performance of client portfolios using methods such as: Monte Carlo, Time Series Analysis and Back testing

Present findings and methodologies to SRA’s Investment Committee and other stakeholders

Author, understand and repurpose software written in Python

Work with MySQL/SQL databases to analyzedatasets, and design data objects.

Collaborate with other teams to design and optimize algorithms for financial modeling.

Targeted Skills, Experience, and Education:

In depth knowledge of Options including: the greeks, volatility surfaces, pricing, exchange data, and capital markets

Experience as an Options Trader, Options Market Maker, or Options Risk manager would be valued

Familiarity with other financial instruments (stocks, bonds, derivatives, structured products etc.) and financial data analysis.

Programming Experience: At least 3 years of programming experience in Python.

Exceptional Quantitative Skills (i.e.): Strong knowledge of statistics, Time Series analysis, Monte Carlo, optimization algorithmsand data manipulation for quantitative analysis.

Bachelor's degree in a STEM field with significant focus on programming required, graduate degrees are valued.

Strong documentation and communication skills using MS Office suite (Word, Excel, PowerPoint) and business intelligence software (AWS Quicksight, Tableau, PowerBI)

Outstanding communication, organizational skills, and professionalism

For Chicago, IL Only the salary range for this position is USD$0.00 - USD$0.00 . 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.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

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.

Job Requisition #
R251486

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BlackRock Principles

We look to hire people that will embody our BlackRock Principles:

We are a fiduciary to our clients.

This is the bedrock of our identity; it reflects our integrity and the unbiased advice we give our clients.
We are One BlackRock.

We work collaboratively to create the best outcomes for our clients, our firm and the communities where we operate.
We are passionate about performance.

We are relentless in innovating and finding better ways to serve our clients and improve our firm.
We take emotional ownership.

We have a deep sense of responsibility to our clients and to each other.
We are committed to a better future.

We are long-term thinkers, focused on helping people build a better tomorrow.

Career path

We recognize that our technologists benefit from a tailored approach to navigating and advancing their careers in the ways they envision. Our tech career paths are specifically built to support vertical and horizontal trajectories – including Enterprise Leadership (team manager) and Tech Leadership (individual contributor) ‘tracks’ as well as various other career moves.

Engineer I (Analyst)
Engineer II/III (Associate)
Senior Engineer I/II (Vice President)
Lead Engineer
(Vice President)

Engineering Team Manager
(Vice President)
Principal/Sr. Principal
Engineer (Director)

Engineering Team Director/ Sr. Engineering Team Director
Managing Director

Managing Director
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Benefits

We care about your overall well-being and design our benefits package to support you in various aspects of your life.

Financial well-being

We offer resources designed to help you build a sound financial future for you and your family, like retirement savings plans and tuition reimbursement.
Pay for performance

Our pay-for-performance philosophy includes a base salary and a discretionary annual bonus.
Physical well-being

Our healthcare plans and resources help you focus on your physical health, so you and your family can feel your best.
Emotional well-being

We support our people's mental health and emotional well-being by providing access to an Employee Assistance Program and a network of Mental Health Ambassadors.
Life management

You'll be able to focus on moments that are important to you with benefits designed to support life in and outside of work with Flexible Time Off, parental leave and more.