Quantitative / Systematic Research, Associate

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’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. 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.

Job Duties/ Role:

Develop systematic signals and strategies for hedge fund and liquid alternative products. Develop systematic, market-neutral (or directional) trading strategies for single-name equities, CDS, corporate bonds, convertible bonds and equity options across developed and emerging markets. Look into new datasets, techniques and insights, and use these to create new alpha sources, cooperating with expert researchers and quantitative portfolio managers. Conduct long term projects in independent research of a quality publishable in practitioner journals. Create innovative, systematic investment signals and strategies based on a rigorous, peer-reviewed research process. Interact and collaborate with researchers and portfolio managers across the rest of the BlackRock Systematic team. Actively discuss and debate theories and empirical methods with other researchers of similar training. Work closely with portfolio managers to help manage these strategies; ensure their successful implementation; and proactively identify and mitigate out-of-model risks. Contribute to broader research initiatives across BlackRock.

Key Responsibilities:

• Evaluate and improve model design, portfolio construction and implementation

• Work with large data to develop investment ideas and strategies in a systematic and effective way

• Progress proprietary analytics packages, developing innovative methods to visualize portfolio risk while automating away repetitive tasks

• Participate in a full investment lifecycle including signal research, signal implementation, portfolio construction, trading and risk / return attribution

• Identify and monitor factor exposures and event risks and evolve our process to systematically manage emerging factors

Qualifications:

• Degree in a quantitative field preferred (e.g. quantitative finance/economics, computer science, engineering, mathematics and physics, etc.)

• Strong understanding of statistical and machine learning concepts

• Experience working with large data sets and machine learning models preferable, with ability to handle multi-language data preferred

• Experience with Unix OS and large-scale distributed computing platforms (e.g. AWS, GCP, Azure), databases (e.g. SQL, Redshift, Big Query), and data science programming languages (e.g. Python)

• Strong sense of teamwork, contribute to and foster a culture of teamwork and knowledge sharing

• Willingness to produce high quality work in a demanding, fast-paced environment

• Detail-oriented, team-oriented and self-motivated

Minimum Experience Requirement:

• Candidates should have 2+ years of relevant experience in a similar role, demonstrating a consistent track record of delivering high-quality results

For San Francisco, CA Only the salary range for this position is USD$132,500.00 - USD$162,000.00 . 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.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.