Job Information
BlackRock Director, Model Governance in London, United Kingdom
About this role
Job Description
Position: Director – Rates and Derivatives - Aladdin Financial Engineering
Corporate Title: Director
Location: London
BlackRock Company Description:
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
About Aladdin Financial Engineering (AFE):
Join a diverse and collaborative team of over 400 modelers and technologists in Aladdin Financial Engineering (AFE) within BlackRock Solutions, the business responsible for the research and development of Aladdin’s financial models. This group is also accountable for analytics production, enhancing the infrastructure platform, and delivering analytics content to portfolio and risk management professionals (both within BlackRock and across the Aladdin client community). The models developed and supported by AFE span a wide array of financial products covering equities, fixed income, commodities, derivatives, and private markets. AFE provides investment insights that range from an analysis of cash flows on a single bond, to the overall financial risk associated with an entire portfolio, balance sheet, or enterprise.
Role Overview:
Single Security Modeling (SS) is a small, close-knit team in Aladdin Financial Engineering with a collegiate culture that values openness, creativity, and an attention to detail. We are also huge nerds.
We are looking to hire a senior quantitative modeler to join our Single Security Pricing (SSP) team. This team is responsible for building and maintaining risk neutral deterministic and stochastic models that are used for construction of Interest Rate, FX, Inflation curves and volatility surfaces and pricing corresponding instruments.
This individual would have a strong background in rates and derivatives modeling and research, have proven project management skills, experience to work in a team environment. This person will be working as an individual contributor focusing on establishing and implementation of robust governance processes in the space of rates and derivatives. The key responsibility is to scope, build, and maintain enhanced performance monitoring for most critical and widely used single security models and address issues when identified.
Key Responsibilities
Lead model governance for Aladdin Security Pricing (SSP) model suite.
Build and maintain model governance controls for the SSP model suite, including (but not limited to) model performance monitoring, model documentation, model remediations and supporting internal & external client model validations.
Provide deep dive analysis and recommendations for improvements of the existing models.
Communicate (verbally and in writing) with internal and external clients on model performance regularly, investigate exceptional model performance, diagnose issues and conduct corrective remediations.
Qualifications
Research/Analytics professional with 10+ years of solid industry experience, and deep knowledge of security pricing models.
Proficiency in IR/FX/Inflation derivatives products.
Self-starter with experience in setting up model governance processes in the security pricing space.
Ability to communicate quantitative information and collaborate effectively in a team environment.
PhD/Master’s degree in Mathematics, Financial Engineering, or other relevant quantitative disciplines.
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, disability, veteran status, and other statuses protected by law.
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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.