Associate

About this role

Company: BlackRock Financial Management, Inc.

Job Title: Associate

Location: 50 Hudson Yards, New York, NY 10001

Job Duties: Review existing Treasury Futures and Yield Curves model methodology and improve documentation for analytical models and processes for internal and external consumption. Scope, build, and maintain enhanced performance monitoring for most critical and widely used single security models and address issues when identified. Design, test, and deploy enhanced rates and derivatives financial models. Enhance BlackRock’s Aladdin platform with new security analytics, models and processes in response to market demands and industry events, and regulatory regime changes. Define processes for quality control and maintenance of analytics models to ensure best in class robustness and reliability of Aladdin’s analytics output. Utilize advanced analytics and communication skills to collaborate with BlackRock’s clients, portfolio and risk managers, and articulate clear financial modeling specifications. Understand production processes and liaise with partner teams to ensure smooth model deployments and maintenance. Resolve complex analytical enquiries with a keen understanding of analytics and models. Mentor and train junior analysts as they build expertise and gain exposure. Stay abreast on global finance, capital markets, geo-political scenarios, regulations and technology trends impacting BlackRock.

Qualifications: Master’s degree in Quantitative Finance, Financial Engineering, Financial Analytics, Mathematics, or a related field and one (1) year of experience as an Associate, Analyst or a related role. In the alternative, the employer will accept a Bachelor’s degree in Quantitative Finance, Financial Engineering, Financial Analytics, Mathematics, or a related field and three (3) years of experience as an Associate, Analyst or a related role. Must have one (1) year of experience with: Developing, deploying and using financial models including in Interest Rate & Derivatives: Short Rate Models, Volatility Surfaces, Yield Curves, and Black-Scholes Model (BSM); Advanced analytics including Futures and Options valuation, fixed income valuation techniques, and interest rate modeling; C++, XML, Linux, SQL, and scripting languages including Perl, Python, and LUA; Knowledge of Financial Markets including Fixed Income: Bonds, Options, Swaps and Swaptions; Experience monitoring risk exposures, identifying and explaining limit breaches, and tracing them to specific trades and products; Experience analyzing profit and loss drivers using Greeks and other risk sensitivities to provide clear attribution; Experience applying advanced market risk models, including Value-at-Risk (VaR) and conducting stress testing to assess portfolio resilience under extreme scenarios; and Experience with interpreting traders’ strategies, assess market dynamics, and project potential future movements to support informed decision-making.

To apply, please click “Apply” on this webpage.

For New York, NY Only the salary range for this position is USD$150,000.00 - USD$170,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

BlackRock is proud to be an equal opportunity workplace. 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 EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

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.