Director - Quantitative Modeler

About this role

Quantitative Modeling and Research (QMR) is an innovative team within Single Security Modeling area. We specialize in crafting sophisticated risk and valuation models that span a diverse range of products, including interest rates, FX, inflation, equity, and credit. Our mission goes beyond traditional quantitative models; we are at the forefront of exploring novel modeling techniques, such as neural networks, to tackle complex problems in quantitative finance.

What makes working on the team both challenging and rewarding:

• Focus on business: We do not solve the math problem – we solve the business problem!
• Breadth of product coverage: We support both BlackRock with over $11T AUM and Aladdin clients with trillions more. This is a tremendous breadth of products we need to cover.
• Excellence in modeling and coding: We pride ourselves both on building great models and writing high quality code.
• Collaborative environment: We have a lot of smart people on the team. Working here is a great chance to both learn and to teach others.

Corporate Title: Director

Location: London

What You Will Be Doing

• Analyze exiting estate of models in rates, FX, inflation, and credit spaces to identify weaknesses that require model revisions. Work with the model owners to set up concrete model methodology and implementation plans.
• Work on designing and setting up modeling, testing, and surveillance processes to ensure compliance with the model risk governance policies.
• Review existing model documentation and work with junior team members to bring the documentation to compliance with the model risk governance policies.
• Keep abreast of recent trends in quantitative finance, capital markets and government regulation.

What We Look For

• Advanced degree in quantitative disciplines like mathematics, physics, engineering, or similar.
• Strong practical knowledge of products, modeling methodologies, and analytics in the rates and derivatives space.
• Experience in building valuation and testing platforms and tools in this area.
• Knowledge of model risk governance practices.
• Experience in working with modeling software infrastructure
• Excellent communication skills.
• Ability to work horizontally across various functions, including portfolio managers and traders, quantitative modelers, model risk governance, RQA.
• 10+ year of industry experience

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.