Model Risk Management, RQA, Associate

About the job

The Risk and Compliance (RQA) Group provides independent oversight of BlackRock’s fiduciary and business risks. The RQA Group’s mission is to advance the firm’s risk management practices and provide independent risk advice and constructive challenges to achieve better business and investment results.

Tasks

The main responsibilities of the position include:

• Independent review of models, particularly those developed and maintained by the RQA Group
• Conducting independent model tests and documenting the results in comprehensive validation reports
• Communicating the results of model validation tests and observations within the team and to relevant stakeholders

Requirements

The requirements for this position are:

• Advanced studies (BSc, MS) in a quantitative field with strong mathematical, statistical, and analytical skills
• 3–7 years of experience in model development or validation, particularly in the areas of derivatives analysis, structured products and analysis, portfolio/risk modeling, private equity/asset class modeling, and liquidity modeling
• Strong technical background and practical experience with at least one programming language (e.g., Python, R, C++, Java, Swift)
• Experience with artificial intelligence for analytical work is a plus
• Broad market knowledge and financial expertise in specific asset classes are advantageous

We offer

We offer a wide range of benefits to support you, including:

• A robust pension program
• Aid for continuing education
• Comprehensive health care
• Flexible working hours
• A generous parental leave and flexible time-off program