Aladdin Sustainability Lab, Transition Risk Modelling and Analytics, Associate – New York

Full-time @BlackRock in Analytics & Risk jobs
  • New York, US View on Map
  • Apply Before : November 3, 2022
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Job Description

Join leading Investment management company BlackRock as Aladdin Sustainability Lab, Transition Risk Modelling and Analytics, Associate in New York, US. refer job details to submit BlackRock job application in New York.

 

Job Title : Aladdin Sustainability Lab, Transition Risk Modelling and Analytics, Associate

Location : New York, US

Job Category: Analytics & Risk

 

Description

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.

Business Unit Overview:
Our Aladdin Sustainability Lab (ASL) is responsible for building products and capabilities that are needed to quantify the impact of climate risk and other sustainability factors on financial assets. We also develop the infrastructure and software used for production of analytics as well as delivery of analytics content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of skills required to develop these products, the Lab brings together professionals from research and modeling, analytics, product management, design, and data engineering teams. As a member of the ASL you will be working with clients and partners to develop state of the art financial and economic models 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. 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.

Job Purpose/Background:

Aladdin Sustainability Lab (ASL) is looking for Climate Quant Researchers to join their climate analytics, risk, and modeling team. The primary job responsibilities include development of best-in-class methodologies/models to produce climate transition risk, net zero and temperature alignment metrics for Corporates.

Familiarity with at least one of the following areas is essential:

Macroeconomic/statistical modelling techniques
Transition risk and Net Zero/Temperature alignment modeling
Understanding of key mitigation technologies across various corporate sectors, transition scenarios etc.

Key Responsibilities:

Partnering with members of the Aladdin Sustainability team and other stakeholders to build models for generating climate risk analytics
Supporting development of Blackrock’s Transition risk models for corporates
Building modeling framework used by other modelers to develop other sector transition risk models
Co-develop robust sector model for transition risk working with other partner teams
Understand relevant data used for modelling, its coverage, quality, etc. and the implications of the same for the development of robust analytical tools and models
Communicating with internal and external clients on scenarios, and risk/valuation implications
Benchmarking, adoption, and production of model documentation to support internal validation processes
Additional responsibilities include working with model implementation, product and applied analytics teams for end-to-end production and deployment of analytics

Skills & Qualifications:

Bachelor or master’s level education with a focus on statistics, mathematics, engineering, climate science, or economics
5+ years of experience in modelling, 2+ years of experience of climate modeling and sector expertise like energy, utilities, automaker etc.
Experience of various modelling techniques such as balance sheet modeling, econometrics / statistical analysis, mathematical optimization, is highly desirable
Familiarity with core financial balance sheet modeling, bottom-up fundamental modeling is highly desirable
Experience of model governance, risk, and validation processes.
Experience with software packages such as Python / R, algebraic modelling languages and database packages such as SQL is desirable
Strong analytical skills, attention to detail, and the ability to work as part of a team in a fast-paced environment
Excellent interpersonal, oral, and written communication skills

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 pilot

BlackRock’s current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what’s important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our “One BlackRock” culture means you’ll be supported to collaborate with your new colleagues while bringing your full self to work – wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

 

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