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Associate, Sustainability Analytics

Website BlackRock

Asset Manager

R240519

Description

About this role

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 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.

Business Unit Overview

Aladdin Sustainability Analytics (ASA) is responsible for building products and capabilities that are needed to quantify the impact of climate risk and other sustainability factors on financial assets. We also partner with Aladdin Engineering to develop the infrastructure and software used for production of analytics as well as delivery of analytics content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of skills required to develop these products, ASA brings together professionals from research and modeling, analytics, and data engineering teams. As a member of the ASA you will be working with clients and partners to develop state of the art financial and econometric models to assess the financial impacts of climate change, climate policy and energy policy on a large number of asset classes – from corporate equity and fixed income, to mortgages, municipal bonds, sovereign debt and alternative investments. As climate risk and sustainable investing become an ever-increasing focus for investors, you will be developing the models and analytics to help drive a deeper understanding of risks and opportunities in this space.

Job Purpose/Background

Aladdin Sustainability Analytics is looking for Quant Researchers to join their Sustainability Portfolio Analytics and Modeling team. The Researchers’ primary job responsibilities are to develop methodologies, models and analytics to help portfolio and risk managers assess climate change, climate policy and energy policy’s impact on security and portfolio level valuation and risks. This is an Associate-level role.

Key Responsibilities

  • Partnering with members of Aladdin Sustainability team and other stakeholders for building models and infrastructure to generate and deliver portfolio climate risk analytics
  • Communicating with internal and external clients on model factors, forecasts, performance, strength and weakness, and risk/valuation implications
  • Collaborating on papers for publication, presenting original research at industry conferences, and speaking with institutional clients about relevant research
  • Back-testing, documentation, and validation of empirical models
  • Additional responsibilities include working with portfolio management teams on bespoke projects supporting their investment processes; working with financial advisory teams on modeling projects for bespoke products or client portfolios.

Skills & Qualifications

  • Education with focus on economics, statistics, mathematics, engineering, or climate science
  • 2-3 years of experience in building financial and econometric models, using statistical techniques such as regression analysis, time series modeling, machine learning etc.
  • Prior exposure to Portfolio Construction and Risk Attribution questions essential. Experience solving these problems in the context of Sustainable Investing a strong plus.
  • Fluency in programming packages like Python / R is vital
  • Knowledge or experience in Climate Risk Modeling, Sustainability, or ESG is highly desirable
  • Strong analytical skills, attention to detail, and the ability to work as part of a team in a fast-paced environment
  • Excellent interpersonal, leadership, and oral and written communication skills
  • C/C++/Java/Scala programming skills and exposure to Big Data tools is a plus

For New York City and California only the salary range for this position is $132,500 – $157,500. 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 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 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.