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Associate, Quantitative Research

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BlackRock

14d ago

  • Job
    Full-time
    Junior & Mid Level
  • Data
    Banking & Finance
  • New York

AI generated summary

  • You need a Master’s and 1 year or Bachelor’s and 3 years in a related role, plus experience in machine learning, Python, SQL, trading signals, and automation.
  • You will develop trading signals, enrich data, enhance securities lending models, calibrate algorithms, improve electronic trading systems, and collaborate with various teams.

Requirements

  • Master’s degree in Business Analytics, Management Information Systems, Business Administration, Mathematical, Computer Science or a related field and one (1) year of experience as an Associate or a related role.
  • In the alternative, the employer will accept a Bachelor’s degree in Business Analytics, Management Information Systems, Business Administration, or a related field and three (3) years of experience as an Associate or a related role.
  • Must have one (1) year of experience with:
  • Mathematical and Statistical techniques including machine learning for Financial Modelling;
  • Working with datasets for data analytics and trading signal development;
  • Programming skills including Python and SQL; and
  • Electronic and Algorithmic Trading and workflow automation.
  • Must have any amount of experience with:
  • Securities Lending Trading to design workflow for the business; and
  • Quantitative Trading Platform design.

Responsibilities

  • Develop trading signals to improve trading strategies and build metrics to evaluate trading performance.
  • Conduct data enrichment projects to explore alternative datasets and contribute new insights to alpha and investment research.
  • Improve the current suite of securities lending models, create proprietary models and maintain ongoing production and governance.
  • Calibrate algorithms in Securities Lending e-trading and automation.
  • Work closely with business stakeholders and technologists to improve the electronic trading system design and to deploy new models and algorithms into production.
  • Build close ties with traders, investors, risk managers and quantitative research teams across BlackRock.

FAQs

What is the job title for this position?

The job title is Associate, Quantitative Research.

Where is this position located?

This position is located at 50 Hudson Yards, New York, NY 10001.

What are the main responsibilities of the Associate, Quantitative Research?

Responsibilities include developing trading signals, conducting data enrichment projects, improving securities lending models, calibrating algorithms for e-trading, and collaborating with business stakeholders and technologists.

What qualifications are required for this position?

A Master’s degree in a related field with one year of experience, or a Bachelor’s degree with three years of experience, is required. Experience with various mathematical and statistical techniques, programming skills in Python and SQL, and knowledge of electronic and algorithmic trading are also necessary.

What is the salary range for this position in New York, NY?

The salary range for this position is USD $145,000.00 - USD $162,000.00.

Does BlackRock offer any bonuses?

Yes, employees are eligible for an annual discretionary bonus.

What benefits does BlackRock provide?

BlackRock offers a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO).

What is the hybrid work model at BlackRock?

Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day per week.

What is the mission of BlackRock?

The mission of BlackRock is to help more people experience financial well-being, supporting their investments in areas such as retirement, education, home-buying, and business startups.

Is BlackRock an equal opportunity employer?

Yes, BlackRock is committed to equal employment opportunity and evaluates qualified applicants without regard to various protected statuses.

How can individuals request accommodations for disabilities during the employment process?

Individuals can request reasonable accommodations or job modifications by emailing Disability.Assistance@blackrock.com.

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BlackRock

Global investment manager. Technology provider. Helping more and more people experience financial well-being.

Finance
Industry
10,001+
Employees
1988
Founded Year

Mission & Purpose

BlackRock is a global asset manager and technology provider. Our purpose is to help more and more people experience financial well-being. We help millions of people invest to build savings that serve them throughout their lives. We make investing easier and more affordable. We advance sustainable investing because our conviction is it delivers better outcomes for investors. We contribute to a more resilient economy that benefits more people. Together with our clients, we’re contributing to a more equitable and resilient world – today and for generations to come. That’s why, we’re asking bigger questions – of ourselves, our industry, and the world at large. Questions that challenge convention and give rise to new thinking. Because the bigger questions we ask, the bigger actions we can take. Follow us for global insights shaping the economy, innovative thinking around the path to net zero and more information on culture and careers at BlackRock.

Benefits

  • Financial Well-being

    We help more and more people experience financial well-being – which applies as much to you as it does to our clients. At BlackRock, you’ll have access to our competitive retirement plan as well as financial coaching and educational resources to help you build a sound financial future.

  • Healthcare

    We provide a great selection of benefits and programs to help you manage health care costs, live a healthy lifestyle and find the right care, whenever you need it.

  • Physical well-being

    We know that physical well-being is an important component of maintaining your overall health – both now and in the future. Our comprehensive physical well-being benefits help you stay active, eat better and feel energized.

  • Life management

    We know managing life, work and everything in between can be difficult. So, whether you need a little R&R or time to tend to other matters, Flexible Time Off allows you to take time away from work, stress free, to focus on moments that are important to you.

  • Emotional well-being

    We understand emotional resilience is key to helping you thrive – in your life and at work. Whether you’re looking for ways to handle life’s many challenges, reduce your stress or boost your happiness by volunteering your time in service to others, our resources can help you navigate all kinds of situations.

  • Professional well-being

    Focus on your strengths and build the​ expertise you need to further your career. Our BlackRock Academies, structured training by​ program and employee networks, provide resources for​ meaningful networking, skill building and professional as​ well as personal growth.

  • Pay for Performance

    Our pay for performance approach means your total compensation reflects individual, business and company performance. For our full-time employees, total compensation includes a base salary plus an annual discretionary bonus.