Insurance Solutions, Director (Analytics)

Description

About this role

Team Overview:

The Global Insurance Solutions team is a specialist, product agnostic investment strategy and structuring team which focuses on insurance clients and serves the entire BlackRock platform. The team is comprised of Insurance, Investment and Analytics Specialists, with a diverse set of backgrounds from across asset management, analytics, actuarial, insurance and consultancy.

A key component of the GIS team's role is the development of the modelling and analytical capabilities required to serve our clients. We combine this with our insurance and investment capabilities to engage client businesses and portfolio managers across the whole firm to build new and innovative market leading investment solutions, and position existing BlackRock products with insurance clients.

Responsibilities:

• Develop a detailed knowledge of BlackRock's existing systems, tools and other capabilities which are of relevance to modelling the assets and liabilities of insurers
• Drive the ongoing development of optimisation models and tools, in collaboration with model development resources from the broader Insurance Solutions analytics team, to provide additional insight into the optimal construction of insurance portfolios and strategies, taking into account insurers' requirements and constraints
• Lead sophisticated asset allocation or asset-liability management engagements, for a broad spectrum of asset classes, to help advise clients' optimal investment strategy and provide support for client advisory assignments
• Advance the team's industry leading stochastic projection models incorporating insurance asset liability management (ALM) considerations, as well as insurance specific capital and accounting considerations
• Maintain positive relationships with internal partners in the BlackRock Investment Institute, Financial Modelling Group, Financial Institutions Group, and relevant investment teams to drive improvements in analytical capabilities to insurers
• Provide analytics and marketing materials to support the asset management sales process

Knowledge/Experience:

• 10+ years of quantitative modelling experience gained within an insurance company, asset manager, investment bank or consultancy
• Comprehensive understanding of modern financial mathematics (e.g. bond mathematics, option pricing, hedging, stochastic processes, Monte Carlo simulation in real and risk neutral environment, interest-rate modelling) and portfolio construction analytics (e.g. mean-variance optimization with constraints) are essential
• Comprehensive understanding of insurers' portfolio construction considerations, including but not limited to ALM and asset allocation frameworks, is also essential
• An understanding of the US and EMEA accounting and regulatory regimes under which insurers operate is helpful
• Excellent problem-solving abilities, intellectual curiosity, and experience understanding and solving complex issues
• Strong interpersonal and communication skills
• High level of integrity enabling the candidate to become a trusted partner to clients and peers
• Demonstrated practical experience of model development in Python
• Undergraduate and / or advanced degrees in mathematics, engineering, computer science, and / or actuarial science would be preferred
• Professional designations such as CFA, FRM, FIA, FSA etc. would be viewed favorably, but is not essential

For New York City only: The salary range for this position is $218,500 - $260,000. 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 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. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. 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.

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.