Aladdin Sustainability Lab: Model Governance ,Associate/Vice President

Gurgaon, India
May 18, 2022
Jun 02, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

About this role

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.

Business Unit Overview:

Our Aladdin Sustainability Lab (ASL) is responsible for building products and capabilities that are needed to quantify the impact of climate risk and other sustainability factors on financial assets. We also develop the infrastructure and software used for production of analytics as well as delivery of analytics content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of skills required to develop these products, the Lab brings together professionals from research and modeling, analytics, product management, design, and data engineering teams. As a member of the ASL you will be working with clients and partners to develop state of the art financial and econometric models to assess the financial impacts of climate change, climate policy and energy policy on a large number of asset classes - from corporate equity and fixed income, to mortgages, municipal bonds, sovereign debt and alternative investments. As climate risk and sustainable investing become an ever-increasing focus for investors, you will be developing the models and analytics to help drive a deeper understanding of risks and opportunities in this space.

Job Purpose/Background:

The Aladdin Sustainability Lab (ASL) is looking for model risk and governance professionals to join its modeling team. Primary job responsibilities include creating documentation, performance metrics, model surveillance and data QC tools. These efforts are meant to ensure that the ASL model suite represents a best-in-class platform for portfolio managers to assess how climate change and energy policies impact security and portfolio valuation.

Key Responsibilities:
  • Partnering with members of the ASL and other stakeholders to improve models and data infrastructure that deliver climate risk analytics
  • Communicating with stakeholders on model factors, forecasts, performance, strength and weakness, and risk/valuation implications
  • Back-testing, documentation, and validation of empirical models
  • Creation of Data QC and Model Surveillance tools to monitor model performance and analytic reliability

Skills & Qualifications:
  • Graduate degree with focus on economics, statistics, mathematics, engineering, or climate science
  • 3-12 years of experience in using econometric and statistical techniques such as regression analysis, time series modeling, etc.
  • Experience with Model Governance, Risk, and Validation processes.
  • Fluency in programming packages like Python / R is vital along with an understanding of SQL and UNIX
  • Knowledge or experience with Climate Risk Modeling, Sustainability, or ESG is highly desirable
  • Strong analytical skills, attention to detail, and the ability to work as part of a team in a fast-paced environment
  • Excellent interpersonal, oral, and written communication skills

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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

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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