Associate, Quantitative Research at BlackRock

New York, New York, United States

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$145,000 – $162,000Compensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Finance, Investment ManagementIndustries

Requirements

Master’s degree in Business Analytics, Management Information Systems, Business Administration, Mathematics, Computer Science or a related field and one (1) year of experience as an Associate or a related role. In the alternative, 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
One (1) year of experience with Mathematical and Statistical techniques including machine learning for Financial Modelling
One (1) year of experience working with datasets for data analytics and trading signal development
One (1) year of experience with Programming skills including Python and SQL
One (1) year of experience with Electronic and Algorithmic Trading and workflow automation
Any amount of experience with Securities Lending Trading to design workflow for the business
Any amount of experience with 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

Skills

Key technologies and capabilities for this role

PythonSQLMachine LearningFinancial ModellingData AnalyticsTrading SignalsAlgorithmic TradingSecurities LendingQuantitative TradingStatistical Techniques

Questions & Answers

Common questions about this position

What is the salary range for the Associate, Quantitative Research position in New York?

The salary range is USD$145,000.00 - USD$162,000.00, with eligibility for an annual discretionary bonus; total compensation varies based on role, location, firm, department, and individual performance.

What is BlackRock's hybrid work model for this role?

Employees are required to work at least 4 days in the office per week at 50 Hudson Yards, New York, NY 10001, with flexibility to work from home 1 day a week; some business groups may require more office time.

What skills and experience are required for this position?

Requires a Master’s degree (or Bachelor’s with 3 years experience) in relevant fields, plus 1 year experience in mathematical/statistical techniques including machine learning for financial modeling, working with datasets for analytics and trading signals, programming in Python and SQL, and electronic/algorithmic trading; also experience in securities lending trading and quantitative trading platform design.

What benefits does BlackRock offer?

Benefits include a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, Flexible Time Off (FTO), healthcare, leave benefits, and retirement benefits.

How should I apply for this role, and what makes a strong candidate?

Apply by clicking 'Apply' on the webpage. Strong candidates will have the specified degree and experience in quantitative finance, machine learning, Python/SQL programming, and trading systems.

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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