Portfolio Risk Modeling, Director

Mumbai, India
Jan 22, 2022
Feb 05, 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

About this role

BlackRock Overview:

BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Financial Modeling Group (FMG)

FMG is a diverse and global team with a keen interest and expertise in all things related to technology and financial analytics. The group is responsible for the research and development of quantitative financial and behavioral models and tools across many different areas - single-security pricing, prepayment models, risk, return attribution, liquidity, optimization and portfolio construction, scenario analysis and simulations, covering all asset classes. The group is also responsible for the technology platform that delivers those models to our internal partners and external clients, and their integration with Aladdin.

FMG conducts leading research on the areas above, delivering state-of-the-art models. FMG publishes applied scientific research frequently, and our members present regularly at leading industry conferences. FMG engages constantly with the sales team in client visits and meetings.


We are looking to hire Director to lead our Portfolio Risk setup from India region. This individual would have a strong background in quantitative research, have demonstrable project management skills as well as proven experience as a people manager responsible for mentoring a team of junior modelers and developers. They would also provide regional representation across our stakeholders and Aladdin clients in the Asia Pacific region.

The Portfolio Risk team builds a range of models and analytics including risk factor models, Value-at-Risk (VaR) methodologies, volatility and covariance matrix estimation and portfolio scenario analytics. Our models use sophisticated econometric/statistical methods and tools. The models themselves have real practical value and are used by traders, portfolio managers and risk managers. These models have a very large footprint of usage across the entire Aladdin client base, and so we place special emphasis on implementing models that scale with our growing Analytics' business, and ensuring adherence to BlackRock's rigorous standards of model governance. This individual would initially be focused on analytics work related to achieving scalability and improving governance.

You can...
  • work at one of the world's top FinTech companies. We sell our Aladdin analytics platform to over 100 of the top global financial institutions and corporations, handling many trillion USD of assets
  • help develop and deploy quantitative financial models and portfolio analytics that are used to manage most of the money of the world's largest asset manager
  • bring all yourself to the job. From the top of the firm down we embrace the values, identities and ideas brought by our employees

  • Research/Analytics professional with 10+ years of solid experience in Econometric/Statistical modeling; experience in an investment or risk management context is a plus
  • Bachelor/Master's degree in a quantitative discipline (Mathematics, Statistics, Physics, Computer Science, Finance or similar area). An advanced degree is a plus
  • Ability and willingness to learn fast, multi-task, self-motivate and pick up new things easily
  • Excellent Communication skills (Oral and Written)
  • Strong desire to apply these skills to address financial problems and issues that BlackRock encounters in the course of its business
  • Implement financial models and integrate them into Aladdin's analytical system in accordance with BlackRock's model governance policy
  • CFA / FRM or progress towards them are a plus

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.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @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.

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.
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