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Associate, Quantitative Researcher

BlackRock

BlackRock

San Francisco, CA, USA
Posted on Wednesday, November 15, 2023
Description

About this role

Company: BlackRock Financial Management, Inc.

Job Title: Associate, Quantitative Researcher

Location: 400 Howard Street, San Francisco, CA 94105

Summary of duties: Work within the Portfolio Construction and Optimization team that is responsible for the development of a proprietary portfolio construction system and related optimization analytics. Responsible for performing quantitative financial research encompassing developing new approaches to handle advanced portfolio construction...

Description

About this role

Company: BlackRock Financial Management, Inc.

Job Title: Associate, Quantitative Researcher

Location: 400 Howard Street, San Francisco, CA 94105

Summary of duties: Work within the Portfolio Construction and Optimization team that is responsible for the development of a proprietary portfolio construction system and related optimization analytics. Responsible for performing quantitative financial research encompassing developing new approaches to handle advanced portfolio construction cases, to demonstrating the benefit of an optimized investment strategy through rigorous back testing. Charged with implementation of ideas into practical solutions, either within the optimization engine itself or in a separate product that invokes the engine. Provide support to both internal and external clients with their portfolio construction problems, as well as write clear and concise documentation of features and products. Prepare presentations to both internal and external clients. Develop rigorous back testing framework in Python for testing investment strategy, constructing portfolio and assisting with portfolio management across various asset classes. Demonstrate the changes of key statistics in optimization/back testing results with respect to different variables to assist portfolio management decisions. Assist in developing Systematic Portfolio Management and Trading Platform. Assist in implementing new features of optimization engine in various APIs and platforms. Assist clients with formulating/solving their portfolio construction problems.

Qualifications: Bachelor's degree in Computational Finance, Risk Management, Quantitative Finance, Finance, or a related field, and two (2) years of experience as a Quantitative Analyst or a related role. Two (2) years of experience with: performing multi-asset valuation and investment strategy generation; working with stochastic models and Monte Carlo simulations; using statistical analysis techniques to analyze financial time series; developing and implementing production financial models in R, Python, C++, or VBA; designing and coding of analytical and visualization toolkits for research and trading purposes; designing and backtesting quantitative strategies; and presenting technical financial topics to internal or external clients in both quantitative and non-quantitative roles.

To apply: please click the “Apply” button on this webpage.

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For California only the salary range for this position is $147,500 – $152,500. 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 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.

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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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.