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Associate - Aladdin Sustainability Lab: Transition Risk Modelling and Analytics

Gurgaon, India
Closing date
Apr 13, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Job Description

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:

The 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 economic models to assess the financial impacts of climate change, climate policy and energy policy on many 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:

Aladdin Sustainability Lab (ASL) is looking for Climate Quant Researchers to join their climate analytics, risk, and modeling team. The primary job responsibilities include development of best-in-class methodologies/models to produce climate transition risk, net zero and temperature alignment metrics for Corporates.

Familiarity with at least one of the following areas is essential:
  • Macroeconomic/statistical modelling techniques
  • Transition risk and Net Zero/Temperature alignment modeling
  • Knowledge of key mitigation technologies across various corporate sectors, transition scenarios etc.

Key Responsibilities:

  • Conduct research into emerging sector specific trends / technologies that will impact the transition and incorporate the analysis into our models
  • Understand and analyze the relevant data used for modelling including its coverage, quality, etc. and incorporate this information into the development of robust analytical tools and models
  • Support the development of Blackrock's Transition risk models for corporates through co-develop with other partner teams and stakeholders
  • Communicate with internal and external clients on modelling approach and outcomes, including impact of model outputs on risk / valuation of financial assets
  • Support internal validation process through benchmarking analysis / research, user engagement and comprehensive documentation of the models
  • Additional responsibilities include working with model implementation, product and applied analytics teams for end-to-end production and deployment of analytics

Skills & Qualifications:
  • Bachelor or master's level education with a focus on statistics, mathematics, engineering, climate science, or economics
  • 2+ years of experience in financial modelling, experience of climate modeling and sector expertise in energy, utilities, automaker etc is desirable
  • Experience in various modelling techniques such as balance sheet modeling, econometrics / statistical analysis, mathematical optimization, is highly desirable
  • Experience with software packages such as Python / R required, knowledge of algebraic modelling languages and database packages such as SQL is 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.

Our hybrid work model

BlackRock's current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

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