FMG Portfolio Risk Modeling Associate – Budapest

Full-time @BlackRock in Analytics & Risk jobs
  • Budapest, HU View on Map
  • Apply Before : January 9, 2023
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Job Description

Join leading Investment management company BlackRock as FMG Portfolio Risk Modeling Associate in Budapest, HU. refer job details to submit BlackRock job application in Budapest.


Job Title : FMG Portfolio Risk Modeling Associate

Location : Budapest, HU

Job Category: Analytics & Risk



About this role

Role Description
The Financial Modelling Group (FMG) is responsible for the research and development of financial models underpinning the risk management analytics produced at BlackRock. The group also contributes to the infrastructure and software responsible for the production of analytics and the delivery of analytic content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of business objectives among BlackRock Solutions (BRS) clients and within BlackRock itself the models developed and supported by FMG span a wide array of financial products, ranging from equity to fixed income and alternatives. In addition, members of FMG seek to provide analysis and insight on many different levels from analysis of single name securities to the overall financial risk associated with an entire portfolio.

The Portfolio Modelling team in FMG is looking for a portfolio risk modeller to contribute to the development effort in the building and maintaining of BRS’ suite of risk models. These models are used to provide risk oversight on BlackRock investment strategies and BRS Aladdin clients, and also being deployed for use in portfolio construction purposes. This modeler will work on equity risk models and have opportunities to work on fixed income and alternatives risk models.

Job Responsibilities
The candidate will be performing duties related to all aspects of portfolio risk model development:
· Building and testing risk models and infrastructure (Python, Unix/Linux, Git)
· Supporting existing risk models in production; developing and improving model quality control and model back-testing procedures; maintaining and extending research framework
· Collaborating with senior researchers and developers to specify, design and test new model functionality
· Investigating and resolving client queries relating to model methodology and functionality

Key Skills & Qualifications
· Undergraduate degree in a technical field (Econometrics, Finance, Math, Statistics, Computer Science and/or Engineering)
· Post-graduate degree in a technical field a plus
· Strong programming skills and experience using Python to conduct statistical/econometric analyses
· Strong technical skills in Unix/Linux, Git
· Strong knowledge of financial, mathematical and statistical theory
· Strong oral and written (English language) communication skills that enable complex ideas to be readily understood by team members and clients
· Enthusiasm, flexibility and maturity to adapt to the needs of a dynamic group and deliver within strict timeframe
· Good time management skills including the ability to handle multiple projects
· At least 2-3 years of relevant work experience
· Interest in risk modelling

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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.

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