Associate

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About this role Company: BlackRock Financial Management, Inc. Job Title: Associate Location: 50 Hudson Yards, New York, NY 10001 Job Duties: Develop, maintain, and enhance BlackRock's credit modeling suite, which includes models for Probability of Default, Recovery, and Ratings Migration for corporate bonds, municipal bonds, and private credit. Responsible for the end-to-end lifecycle of credit risk models, including development, validation, implementation, and monitoring. Stay current with academic research, industry trends, and emerging modeling techniques in credit risk, across public and private markets. Drive innovation through the adoption of Al/ML techniques, alternative data sources, and automation. Present model methodology, results, and findings to Model Approval Committees to get approval for various use cases. Establish and maintain robust model governance frameworks to ensure ongoing model performance and relevance. Work closely with portfolio managers, credit analysts, and risk managers to ensure models and analytics are aligned with their requirements. Drive integration of model analytics into user-facing tools in Aladdin. Serve as a thought leader and subject matter expert in client engagements, internal knowledge-sharing forums, and cross-functional initiatives to increase awareness and utilization of modeling capabilities. Qualifications: Master's degree or foreign equivalent in Financial Engineering, Financial Mathematics, Quantitative Finance, or related field, and 24 months of experience in job offered or closely related role. Two years of experience is required in the following: Credit modeling methodologies including Merton-type frameworks, MC simulation driven models, and credit rating migration models; Credit modeling with structural opacity and liquidity of private credit details; Programming in Python, R, and C++; Statistical computing; Econometric analysis and model deployment; Corporate finance, bond valuation and risk assessment; Loan underwriting; Fixed income; Financial market dynamics and contextualization of quantitative insights within real-world macroeconomic and microstructural phenomena; Engage with external clients to convey analytical insights, manage expectations, and support strategic decision making; employee; Stata; Tableau; SQL; Java; and Machine Learning. To apply, please click "Apply" on this webpage. For New York, NY Only the salary range for this position is USD$150,600.00 - USD$170,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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