Model Risk Management, RQA, Analyst

BusinessOverview

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. RQA’s mission is to advance the firm’s risk management practices and deliver independent risk advice and constructivechallengeto drive better business and investment outcomes. RQA’s risk managers play a meaningful role in BlackRock’s investment process, using quantitative analysis and a multi-disciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process. 

RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which encourages teamwork, innovation,diversityand the development of future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strengths connect with our purpose.  

ModelValidation team in ModelRisk Management  

The Model Validation team is an integral part of theglobalModel Risk Management Team. The Global Model Risk Management function withintheEnterprise Risk teamis responsible fordeveloping the firm-wide Model Risk Management framework and the implementation of the framework acrossBlackRock.  

Role

TheModel Validation teamperformsindependent reviewsof models, primarily focusing on the models produced and owned by the Aladdin Financial Engineering (AFE) group. The teamworks with the model ownersand other stakeholders (e.g.model users; governance representatives etc.), designs and runs independent testing of the models,and provide effective challengeto themodel’smethodologyand implementation, focusing on the usagecasesof the models.

We are looking for enthusiastic peoplecombined with a clear sense of how to “make it happen” through teamwork,engagementand commitment.This role requiresstrong goodunderstanding ofquantitativemodelling,exposure to programming languages (e.g., Python, R, C++), familiarity with financialproductsand strongverbal andwritten communication skills. 

Knowledge/Experience /Qualifications: