Associate – Aladdin Financial Engineering – Energy & Climate Analytics:

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. Within BlackRock Solutions, the Aladdin Financial Engineering business is responsible for all analytics on Aladdin, BlackRock’s investment management platform. We research, develop, and implement state-of-the-art quantitative models used to assess financial risk across fixed income, equities, derivatives, alternative products and private markets.

Team overview & what we do

Energy & Climate Analytics (ECA) is responsible for building models and capabilities that are needed to quantify the impact of climate risk and other sustainability factors on financial assets. We are dedicated to delivering impactful energy & climate data & analytics through curated front-end tools, data as a service, engagement and thought leadership to both BlackRock as well as external clients. The team’s capabilities also include geospatial analytics at the asset-level for infrastructure and real estate, as well as curing premium content leveraging GenAI/LLM to build production-grade pipelines for research and analysis. 

Given the diversity of skills required to develop these products, the team brings together professionals from research and modelling, analytics, climate scientists and data engineering teams. As a member of ECA, you will be working with clients and partners to develop state-of-the-art financial models and analytics to assess the financial impacts of climate change, climate policy and energy policy on many asset classes – from corporate equity and fixed-income, to mortgages, municipal bonds, sovereign debt and alternative investments like private markets & infrastructure. 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.

Joining BlackRock means becoming a part of a community of talented and curious people who are tackling some of the world’s most complex financial and sustainability challenges. And our founder-led culture has maintained its entrepreneurial feel — we work hard, we work fast, and we work with purpose.

Key Responsibilities:

Depending on your expertise, you will grow into one or several of the following focus areas:

Build new applied analytics solutions:

• Work with modelling, product, and engineering teams to support integration of financial models and outputs to Aladdin platform, including the development and deployment of production pipelines:
• Design, develop and deploy analytical tools and approaches to help translate asset level modelling outputs into robust and decision-useful insight to support our clients in embedding climate and sustainability in investment processes. For example:
  • BlackRock estimates that $75 trillion of infrastructure spend is required by 2040 for repairing old and building the new infrastructure required to support global growth, unlock the potential of AI and decarbonize. The team are working with investment teams to provide critical insight into energy transition and climate impact opportunity identification and risk mitigation for place-based and infrastructure assets.
  • Aladdin’s whole portfolio capabilities are a key differentiator and priority for our clients. The team are developing and implementing applied analytics approaches to expand our coverage across public and private asset classes.

• Define and build processes for quality control and maintenance of analytics models to ensure best in class robustness and reliability of analytics output.

• Evolve our analytics in partnership with investment teams to drive adoption across the Aladdin community through collaboration with our Aladdin colleagues.

Skills & Qualifications:

• Master’s / Bachelor’s degree with focus on economics, statistics, mathematics, engineering, or climate science
• 3-5 years of experience in a highly analytical role developing, deploying, or using financial models.
• Familiarity with modeling techniques used for valuation and quantification of risk associated with financial instruments like Equity, Fixed Income, or derivative asset classes.
• Prior exposure to Portfolio Construction, Risk Attribution and/ or Private Markets a strong plus.
• Intermediate to advanced programming packages like Python / R / SQL / Linux
• Excellent communication and presentation skills. Ability to collaborate with both technical and non-technical personnel.
• Detail-oriented, organized, and committed while working on multiple projects.
• Demonstrated success in project management with a diverse and demanding client base.
• Motivated team player, flexible in approach and ability to work independently and effectively across time zones
• Proactive and responsive with keen attention to detail and a strong sense of ownership

Good to Have

• Familiarity with sustainability and climate risk
• CFA/FRM preferred

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 Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.