Model Risk Management, RQA, Analyst

Job Description

The Risk & Quantitative Analytics (RQA) group provides independent oversight of BlackRock’s technology and investment risks. RQA’s mission is to advance the firm’s risk management practices and provide independent risk advice and constructive challenges to help drive better business and investment decisions.

Tasks

The Model Validation team within Model Risk Management conducts independent reviews of models, focusing primarily on those produced and maintained by the Risk/Finance Engineering (RFE) team, and collaborates with the model development team.

Requirements

• An advanced degree (BSc, MSc) with a master’s degree in a quantitative field and 3+ years of experience, along with strong mathematical, statistical, and analytical skills, is required.
• A strong technical background and practical experience with one or more programming languages is required (e.g., Python; R; C++ / Java; SQL; Hadoop; Unix applications; advanced Excel modeling / VBA, etc.). Some experience using AI for analytical work is a plus.
• Strong oral and written communication and interpersonal skills, including the ability to explain complex technical concepts clearly, are required.
• Practical or theoretical knowledge of any of the following types of models is a plus: derivatives analysis; structured products analysis; portfolio risk factor models; private/alternative asset class modeling; liquidity modeling, etc.
• Broad market knowledge and financial expertise in specific asset classes is advantageous (e.g., equities; bonds; beta; derivatives; ALM/IB; credit; private LDI, etc.).
• Previous experience in quantitative modeling, model validation, or related fields.

We offer

To help you stay energized, engaged, and inspired, we offer a wide range of benefits, including a robust retirement plan, access to professional development, comprehensive health care, support for employees with children, and flexible time off (PTO), so you can relax, recharge, and be there for the people who matter most to you.

Our hybrid working model

BlackRock’s hybrid work model is designed to foster a culture of collaboration and appreciation for our employees’ expertise, while offering flexible work options for everyone. Employees are currently required to work in the office at least 4 days a week, with the flexibility to work from home 1–2 days. Some business units may require more time in the office due to their specific business needs. We remain focused on maximizing the productive moments that arise when we work together in the office—in line with our commitment to performance and innovation. Moving forward, you can rely on this hybrid model to accelerate your learning and onboarding experience at BlackRock.