Associate

BlackRock Financial Management, Inc. is seeking an Associate to build and maintain risk neutral deterministic and stochastic models for financial instruments. The role involves establishing governance processes, collaborating with software developers, and communicating model performance with internal clients.ResponsibilitiesBuild and maintain risk neutral deterministic and stochastic models that are used for construction of Interest Rate, FX, inflation curves, volatility surfaces, and pricing corresponding instrumentsEstablish and implement robust governance processes in the space of rates and derivativesContribute to developing and maintaining the automated process that will ensure that our models are performing successfully, and flags exceptions that require further attentionPerform model testing and maintain model documentation in sufficient detail up to standardsCollaborate with software developers and validation teams to test and release new models into productionCommunicate (verbally and in writing) with internal clients on model performance regularly, investigate exceptional model performance, diagnose issues and conduct corrective remediationsKeep abreast of recent trends in technology, quantitative finance, and capital marketsBring the latest techniques to bear on the problems we face in our day-to-day workSkillsMaster's Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 12 months of experience in job offered or closely related roleBachelor's Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 36 months of experience in job offered or closely related roleOne 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 datasetsDevelop and deploy research pipelines and trading tools in Unix and Linux environments using Git and BashApply 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 developmentDesign and maintain models and infrastructure in Python and C++ to support both rapid prototyping and high-performance computing for latency-sensitive componentsBuild frameworks for historical strategy evaluation, scenario analysis, stress testing, and uncertainty quantificationConduct 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-integrationCreate automated tools and dashboards for performance attribution, live monitoring, anomaly detection, and model validationBenefitsAnnual discretionary bonusHealthcareLeave benefitsRetirement benefitsStrong retirement planTuition reimbursementComprehensive healthcareSupport for working parentsFlexible Time Off (FTO)Company OverviewBlackRock is an investment company that offers its services to institutions, intermediaries, foundations, and individual investors. It was founded in 1988, and is headquartered in New York, New York, USA, with a workforce of 10001+ employees. Its website is http://www.blackrock.com.Company H1B SponsorshipBlackRock has a track record of offering H1B sponsorships, with 18 in 2025, 34 in 2024, 8 in 2023, 37 in 2022, 31 in 2021, 27 in 2020. Please note that this does not guarantee sponsorship for this specific role.



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