Associate

About this role

Company: BlackRock Financial Management, Inc.
Job Title: Associate
Location: 50 Hudson Yards, New York, NY 10001

Job Duties: Build and maintain risk neutral deterministic and stochastic models that are used for construction of Interest Rate, FX, inflation curves, volatility surfaces, and pricing corresponding instruments. Works as an individual Establish and implement robust governance processes in the space of rates and derivatives. Contribute to developing and maintaining the automated process that will ensure that our models are performing successfully, and flags exceptions that require further attention. Perform model testing and maintain model documentation in sufficient detail up to standards. Collaborate with software developers and validation teams to test and release new models into production. Communicate (verbally and in writing) with internal clients on model performance regularly, investigate exceptional model performance, diagnose issues and conduct corrective remediations. Keep abreast of recent trends in technology, quantitative finance, and capital markets. Bring the latest techniques to bear on the problems we face in our day-to-day work.

Qualifications: Master’s Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 12 months of experience in job offered or closely related role. ALT. REQUIREMENTS: Bachelor's Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 36 months of experience in job offered or closely related role. Position requires one year of experience in the following: Perform end-to-end analysis using Python tools including pandas, numpy, scikit-learn, Airflow and SQL on large financial datasets. Develop and deploy research pipelines and trading tools in Unix and Linux environments using Git and Bash. Apply advanced financial theories including Black-Scholes, mathematical models such as stochastic calculus and optimization, and statistical frameworks like time-series analysis and Bayesian inference in model development. Design and maintain models and infrastructure in Python and C++ to support both rapid prototyping and high-performance computing for latency-sensitive components. Build frameworks for historical strategy evaluation, scenario analysis, stress testing, and uncertainty quantification. Conduct empirical and theoretical research on financial instruments including equities, futures, bonds, and rates across global markets such as the US and APAC, focusing on liquidity, volatility, and co-integration. Create automated tools and dashboards for performance attribution, live monitoring, anomaly detection, and model validation.

To apply, please click “Apply” on this webpage.
 

For New York, NY Only the salary range for this position is USD$150,000.00 - USD$170,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. 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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

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.