Vice President, Quantitative Researcher (Aladdin Wealth Tech)

Associate, Risk & Quantitative Analysis – New York CityOur benefitsVice President, Quantitative Researcher (Aladdin Wealth Tech).

About BlackRock Solutions and Aladdin Wealth.

BlackRock Solutions offers investment management technology, risk management services, and wealth management tools through the Aladdin platform.

Aladdin has grown to be used by over 270 organizations worldwide, including wealth managers, banks, financial institutions, insurance companies, official institutions, pension funds, asset managers, asset servicers and other investors.

In 2020 BlackRock Solutions generated over $1 billion in technology services revenues..

Aladdin Wealth is an industry-leading technology platform powering the future of wealth management.

Built on the portfolio and risk analysis technology used by BlackRock and sophisticated institutions globally, we are changing how advisors engage with individual investors and transforming wealth management businesses.

We help advisors and their clients see the world in a way few others can.

With a clearer picture of what’s happening within portfolios, advisors can improve investment outcomes, provide better insights and build more meaningful relationships with clients.

Aladdin Wealth partners with wealth managers to help them oversee enterprise risk, analyze and stress test client holdings, construct better portfolios, generate rich proposals, and enhance their value proposition..

Role:.

The position of Aladdin Wealth Tech Researcher entails research in the areas of portfolio construction and optimization, quantitative techniques in financial engineering, and data science.

The candidate will work with Research, Product Development and client servicing teams to create robust solutions for large scale portfolio investment problems targeting the Wealth market.

The candidate will work individually, as well as collaboratively, to create new features and enhance existing investment solutions capabilities of the Aladdin Wealth Tech platform.

The duties will also include obtaining and processing public and private data to support research and financial modeling done by the team, use of proprietary code written in Python–among other languages–to create new analyses for each of these areas, and development of new products..

Responsibilities:.

Conduct research in portfolio construction, portfolio optimization and data science.Apply academic and industry research to the creation of new products and enhance existing products.Employ rigorous quantitative methods to analyze client portfolios.

Assist in the creation of supporting material for new and existing products.

Develop and extend risk models, optimization libraries and investment platform for existing and new products using internal BlackRock proprietary software.Support externally-facing portfolio allocation tools..

Skills:.

• 5+ years experience in quantitative finance.
• Strong background in quantitative methods in finance, economics and statistics.
• Strong background in optimization science.
• Understanding of finance and portfolio allocation, utility theory, econometrics, stochastic differential equations, data analysis and behavioral finance.
• Strong programming skills in programming languages like Python and Matlab.
• Experience with Unix scripting languages.
• Excellent oral and written communication skills, including the ability to deliver compelling presentations and technical demonstrations
• Strong technical acumen with curiosity and an ability to get into the weeds
• Experience in collaborating creatively product teams, and technical resources to craft and deliver technology solutions
• Proven ability to build strong internal relationships across product and engineering
• Strong interpersonal, problem-solving and teamwork skills.

Education:.

The ideal candidate would have an advanced degree in Mathematics, Computer Science, or Engineering, Additional specialization in finance either through coursework or a graduate degree (such as an MFE, PhD or equivalent) would be a plus..

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about..

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..

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, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law..

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law.

We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law..

“What surprised me the most about BlackRock was the emphasis on the client—and how much that framed every discussion about everything.”.

As a people-centric business, our long-term sustainability depends on our employees and culture.

We have more than 16,000 employees in 35+ different countries who speak over 80 languages.

We also serve millions of clients from different cultures around the world.

We believe a wide range of perspectives and talent is crucial to creating a richer culture for our employees and a better experience for our clients..

How we typically hire experienced professionals.

1.

Online Application.

Upload your resume and enter some basic details about your employment history.

We recommend focusing on applying to the roles that are best aligned with your experience and goals.

It may take us some time to get back to you, so we ask for your patience as we thoughtfully consider and review all applications we receive..

2.

If selected to move forward, you’ll have a high-level conversation with a recruiter to discuss the role in more detail and hear more about your experience and career aspirations who will determine if you’re a potential match..

3.

In-person/Virtual Interviews.

Selected candidates meet with members of the BlackRock team.

There may be a couple of rounds of interviews, where you’ll have the opportunity to meet a mix of employees you’d be working with and gain a clear understanding of the role and our culture..

4.

Offer.

At the offer stage, we will present a total compensation package.

All offers are subject to background checks and other pre-employment clearances..

As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being.

Since 1999, we’ve been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals..

BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer.

We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law.

View the EEO is the Law poster and its supplement, and the pay transparency policy..

BlackRock is committed to working with and providing reasonable accommodations to individuals with disabilities.

If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to Disability.Assistance@blackrock.com and let us know the nature of your request and your contact information..

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