Associate, Quant Research

About this role

Company Name: BlackRock Financial Management, Inc.

Position Title: Associate, Quant Research

Location: 50 Hudson Yards, New York, NY 10001

Summary of Duties: Collaborate with both external service providers and internal data and technology teams to ensure the timely and accurate collection, warehousing, and aggregation of hedge fund risk and performance data. Work closely with client service teams to compile hedge fund and portfolio data from assorted sources into reporting deliverables as requested by BlackRock’s clients. Develop rigorous and scalable data management/analysis tools to support the data-intensive quantitative investment process. Improve the user interface and tools that consolidate hedge fund risk/return characteristics used by BlackRock and our clients. Assist in the dissemination of insights derived from the analysis of hedge fund risk and performance data to key stakeholders such as manager research, portfolio management as well as other members of the risk management team. Utilize tools and technologies like Python, statistical modeling.

Qualifications: Master’s degree in Finance, Economics, Statistics, or a related field of study, and three (3) years of experience as an Associate, Portfolio Manager, Index Asset Allocation; Quantitative Risk Analyst; Commodities Analyst or related role. Employer will also accept a Bachelor’s degree in Finance, Economics, Statistics, or a related field of study, and five (5) years of experience as an Associate, Portfolio Manager, Index Asset Allocation; Quantitative Risk Analyst; Commodities Analyst or related role. Must also have three (3) years of experience with: utilizing coding languages, including Python or R; performing statistical analysis utilizing machine learning techniques; developing and applying hedge fund strategies, including long/short equity and event; utilizing statistical techniques to influence the allocation of capital in an investment management organization; working with data structures to formulate investment decisions; and working with industry standard investment software, including MSCI Barra. If qualifying with a Bachelor’s degree, must have five (5) years of experience with the aforementioned skills.

To Apply: visit https://careers.blackrock.com/ and click on “Apply.”

For New York City only: The salary range for this position is $162,000 – $205,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

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.

Our hybrid work model

BlackRock’s current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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.