BlackRock Aladdin Risk for Wealth Management Funds Modeling and Research job – BlackRock – New York, NY


BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of December 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at

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Business Unit Overview:
BlackRock Solutions (BRS) is uniquely positioned to address the industry’s risk management, portfolio construction and financial technology demands. The various business departments within BRS are focused on providing clients with highly scalable portfolio analytics & risk management, liability-driven investing & pension solutions, and regulatory advice & balance sheet strategy. BRS offers clients customized solutions powered by Aladdin, BlackRock’s proprietary risk management system.

The Aladdin Risk for Wealth management (ARWM) team within BRS leverages the same risk analytics used by $17 trillion of Institutional assets to equip wealth management clients with model construction capabilities, risk monitoring tools, and portfolio construction & analytics. ARWM partners with clients to help them oversee their enterprise risk, building better portfolios, enhancing their value proposition and institutionalizing their investment process.

Position Description:
The Aladdin Risk for Wealth Management business is effectively a start up with the broad reach of BlackRock and Aladdin. We are seeking for an associate candidate who shows a strong aptitude for leveraging analytics and be a detail but yet a result-oriented individual to successfully model and deliver funds risk to client’s portfolios in a timely, efficient manner. The successful candidate will take a responsibility to improve the existing funds modeling framework and actively bring new innovative ideas to the team while understanding the needs of our clients as well as striving to explore and learn from the changes in landscape of wealth management industry.

Key Responsibilities:
Develop and enhance modeling methodology to improve the efficiency and accuracy of funds models

Implement and optimize the existing modeling process to become more scalable and transparent

Collaborate with functional groups across the regions to deliver the modeled risk for clients’ portfolios in a timely, efficient manner

Perform backtesting of both current and new funds models

Perform fund exposure analysis, risk and performance analysis to bring insights of funds market

Assist in both modeling and technical development documentations

Respond to ad hoc request from both internal and external stakeholders in fund data and risk analysis

Skills and Qualifications:
BS/MS in quantitative or technical discipline

Minimum of 2 to 5 years of professional experience, both financial and technical service preferred

Strong problem solving / analytical skills are required

Strong proficiency in statistical programming languages such as R, Perl, Python and Scala

Data Science skillsets including machine learning, NLP are plus

Ability to work in a fast-paced, demanding and client-focused environment

Must be a self-starter with the ability to both collaborate and work independently

Excellent communication skills in both written and verbal

Knowledge in Wealth Management Industry and Retail products (Mutual Funds, ETFs and etc.) is a strong plus

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, disability, veteran status, and other statuses protected by law.

Job Function



Primary Location


Americas-United States-New York




Job Posting


Jan 31, 2017, 12:00:00 AM

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