Financial & Strategic Investors Group – Insurance Advisory & Investment Solutions, Director

About this role

Team Overview

The Insurance Advisory & Investment Solutions (“IA&IS”) team is a group of insurance specialists with diverse backgrounds from asset management, investment banking, insurance, and consultancy.

A key focus of the team is engaging with insurance clients to help solve their most complex asset allocation, portfolio construction, risk, and capital management challenges. This work also requires the team to develop bespoke modelling and analytical capabilities, both independently and leveraging the broader BlackRock analytical platform.

We use our collective insurance, analytics, and investment expertise and experience to deliver effective investment propositions that address the needs of our insurance clients.

Responsibilities

• Lead complex advisory engagements across BlackRock’s global insurance client base, to help drive commercial outcomes for BlackRock by deepening relationships with clients, help position BlackRock’s existing capabilities and identify areas for new capability development

• Partner with colleagues to drive the ongoing development of the team’s portfolio construction and asset allocation IP, to facilitate the deployment of all asset allocation frameworks to deliver high-quality work at scale for the broadest possible range of client engagements

• Champion the team’s insurance advisory frameworks, driving their adoption and commercial impact globally

• Act as a subject matter expert on insurance asset allocation, portfolio construction, asset-liability management and broader insurance balance sheet topics

• Maintain strong relationships with internal partners in the Financial & Strategic Investors Group, BlackRock Investment Institute, Aladdin Financial Engineering and relevant investment teams to drive enhancements in analytical capabilities of relevance to insurers

Qualifications

Knowledge/Experience:

• 10+ years of experience gained within an insurance company, asset manager, investment bank, consultancy or similar institution

• Comprehensive understanding of insurers’ Asset Liability Management, Strategic Asset Allocation and portfolio construction frameworks, including their interaction with the regulatory, accounting and risk management constraints under which insurers operate, is essential

• Deep knowledge of the quantitative techniques underpinning asset allocation and portfolio optimization, such as linear and non-linear programming, including the ability to formulate quantitative approaches to a wide range of investment problems

• Proven ability to lead technically complex projects under tight timescales, including the ability to tailor project deliverables to commercial, business and technical considerations

• Experience of stochastic modelling, including familiarity with the Moody’s Economic Scenario Generator or other market-leading Economic Scenario Generator software, is desirable

• Excellent problem-solving abilities, intellectual curiosity, and experience understanding and solving complex issues

• Strong interpersonal and communication skills, including the ability to distil complex topics into oral and written deliverables appropriate for a diverse range of stakeholders

• High level of integrity and a focus on delivering work to a high standard, enabling the candidate to become a trusted partner to clients and peers

• Undergraduate and / or advanced degrees in mathematics, engineering, computer science, and / or actuarial science would be preferred

• Professional designations such as CFA, FRM, FIA, FSA etc. would be viewed favorably, but are not essential

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.