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The Financial Modelling Group (FMG) is responsible for the research and development of financial models underpinning the risk management analytics produced at BlackRock. The group also contributes to the infrastructure and software responsible for the production of analytics and the delivery of analytic content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of business objectives among BlackRock Solutions (BRS) clients and within BlackRock itself the models developed and supported by FMG span a wide array of financial products, ranging from equity to fixed income to derivatives. In addition, members of FMG seek to provide analysis and insight on many different levels from analysis of the cash flows of a single bond to the overall financial risk associated with an entire portfolio, enterprise or balance sheet.
The FMG Portfolio Risk team in Budapest is looking for a portfolio risk model researcher to contribute to the research and model development effort required for building and maintaining BRS's suite of risk models. These models are used to provide risk oversight on BlackRock investment strategies and BRS Aladdin clients. The models are also being deployed for use in portfolio construction purposes.
The candidate will be performing duties related to all aspects of portfolio risk model research and development:
Collaborating with senior researchers and developers to specify, design and test new model functionality
Building and testing additional risk models in the research environment (Git, Unix, R, Python)
Keeping abreast of the latest research in industry and academia, and leveraging these insights to enhance the suite of models
Presenting research to other team members
Assisting senior team members to prepare white papers and presentations to describe model calibration and methodology, and to showcase model functionality for clients
Supporting existing risk models in production; developing and improving model quality control and model back-testing procedures
Investigating and resolving BAU client queries relating to model methodology and functionality
Key Skills & Qualifications
A strong undergraduate degree in a quantitative subject (Econometrics, Finance, Statistics, Data Science or similar) is essential, a further degree (MA, MSc, or PhD/DPhil) is highly advantageous
Strong oral and written (English language) communication skills that enable complex ideas to be readily understood by team members and clients
Experience using statistical languages (R, Python, SAS, MATLAB or similar) to conduct statistical/econometric analyses, and working with large relational databases
Enthusiasm, flexibility and maturity to adapt to the needs of a dynamic group and work to strict deadlines
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | 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.
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.
Internal Number: 6432920
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