Associate Financial Engineer

About This Role

Company: BlackRock Financial Management, Inc. Job Title: Associate Location: 50 Hudson Yards, New York, NY 10001

Job Duties

• Build and maintain risk-neutral deterministic and stochastic models for interest rate, FX, inflation curves, volatility surfaces, and pricing instruments.
• Establish and implement robust governance processes in rates and derivatives.
• Develop and maintain automated processes for model performance monitoring and exception flagging.
• Perform model testing and maintain detailed model documentation.
• Collaborate with software developers and validation teams for model releases.
• Communicate model performance, investigate issues, and conduct corrective remediations with internal clients.
• Stay updated on technology, quantitative finance, and capital markets trends, applying new techniques.

Qualifications

• Master’s Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 12 months of experience in the job offered or a related role.
• Alternatively, a Bachelor's Degree or foreign equivalent in Financial Engineering, Mathematics, or related field, and 36 months of experience.
• One year of experience in the following:
• End-to-end analysis using Python tools (pandas, numpy, scikit-learn, Airflow, SQL) on large financial datasets.
• Developing and deploying research pipelines and trading tools in Unix/Linux environments using Git and Bash.
• Applying advanced financial theories (Black-Scholes), mathematical models (stochastic calculus, optimization), and statistical frameworks (time-series analysis, Bayesian inference).
• Designing and maintaining models and infrastructure in Python and C++ for rapid prototyping and high-performance computing.
• Building frameworks for historical strategy evaluation, scenario analysis, stress testing, and uncertainty quantification.
• Conducting empirical and theoretical research on financial instruments (equities, futures, bonds, rates) in global markets (US, APAC).
• Creating automated tools and dashboards for performance attribution, monitoring, anomaly detection, and model validation.

Key Skills/Competency

• Quantitative Finance
• Risk Management
• Stochastic Modeling
• Python
• C++
• Financial Engineering
• Data Analysis
• Model Development
• Capital Markets
• Derivatives Pricing