Model Governance & Performance Monitoring Associate

About the Role: Model Governance & Performance Monitoring Associate at BlackRock

Join BlackRock's Aladdin Financial Engineering (AFE) team, a diverse and collaborative group of over 300 modelers and technologists. AFE is central to the research and development of Aladdin’s financial models, analytics production, and delivering critical insights to portfolio and risk management professionals globally. This team supports a wide array of financial products, providing investment insights from single bonds to entire portfolios.

Role Description

As a Model Governance & Performance Monitoring Associate within the AFE Single Security's Securitized Products Modeling Team, you will play a crucial role in supporting the full model life cycle for RMBS, CMBS, ABS, and CLOs. This position focuses heavily on model development, governance, and performance monitoring. You will collaborate closely with quantitative developers, risk teams, and other stakeholders, ensuring all models are robust, well-documented, and adhere to BlackRock’s internal and regulatory standards.

Key Responsibilities

• Model Development & Life Cycle Support: Contribute to the design, enhancement, and implementation of securitized products models. Assist in model validation, implementation testing, and seamless integration into production environments.
• Governance & Risk Management: Design and implement robust methodologies for continuous model performance monitoring, including defining precise test metrics and setting appropriate performance thresholds. Address risk review findings with clear, quantitatively driven solutions.
• Data Quality Control: Perform rigorous checks on both model inputs and outputs to ensure consistency and accuracy across development and implementation layers.
• Programming & Automation: Develop and maintain essential scripts using Python, R, C++, or similar languages to support automated monitoring and reporting workflows, enhancing efficiency.
• Communication & Reporting: Clearly and effectively present model and monitoring results, as well as methodologies, to model reviewers, risk teams, and various stakeholders through comprehensive written reports and engaging meetings.

Qualifications

• Experience: 3-4 years of hands-on experience in areas such as model development, implementation, or validation.
• Quantitative Background: A degree in a quantitative field is required, such as Engineering, Mathematics, Statistics, Computer Science, Finance, or Economics.
• Technical Skills: Strong programming proficiency in Python, R, or equivalent is essential; experience with C++ is considered a significant advantage.
• Securitized Products Knowledge: Familiarity with RMBS, CMBS, ABS, or CLOs is beneficial, though not strictly required for consideration.
• Communication Skills: Excellent written and verbal communication abilities are crucial, with the capacity to articulate complex modeling concepts and results to both technical and non-technical audiences.

Our Benefits and Work Model

BlackRock offers a comprehensive benefits package, including a strong retirement plan, tuition reimbursement, extensive healthcare coverage, support for working parents, and Flexible Time Off (FTO). Our hybrid work model requires employees to be in the office at least four days a week, promoting collaboration and an enriched learning experience, with one day of remote work flexibility. This model is designed to accelerate learning and onboarding for new joiners.

Key skills/competency

• Model Governance
• Performance Monitoring
• Securitized Products (RMBS, CMBS, ABS, CLOs)
• Quantitative Analysis
• Python
• R Programming
• C++
• Data Quality
• Risk Management
• Financial Modeling