About this role

Who We Are

Model Governance, for Single Security Pricing, is a global team across NY, Budapest and Gurgaon(India).

We develop methodologies, thresholds and boundary conditions, primarily, for Fixed Income Derivative Models.

These are then implemented as daily tests to grade model performance on a monthly/quarterly basis.

What You Will Be Doing

• Understand the implementation of Fixed Income Derivative Pricing Models, written in C++: yield curve, inflation, FX and volatility derivative models.
• Quantitative Modeling: Analyze model output, time-series to define correctness criteria and thresholding to be measured every day. Implement such tests in Python.
• Interact with Model Risk Management to get Model Performance Monitoring Tests approved.
• Model Infrastructure: Reporting Infrastructure for Model Breaches, Infrastructure for monitoring overnight performance tests
• Model Documentation
• AI: LLM project for Model Governance.

What We Looking For

• A master’s degree in a Quantitative
• Required experience: 5+ years in a quant/quant-dev finance with strong programming skills
• Required skills: Advanced hands-on Python-programmer, Basic C++ coding skills, Expertise with Software Engineering Tools/Platforms – Git/LINUX
• A Passion for Programming: Programming is at the heart of everything we do. You must enjoy it to succeed on this team.
• An Analytical Frame of Mind: Analysis of model methodology, quantification of choices is needed at every step. So we’re looking for somebody who already spends time keeping themselves up to date on quant, finance, and technology topics.
• Excellent Communication Skills: You will be expected to explain complex concepts to non-technical people in simple, intuitive terms.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

Black Rock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at Black Rock.

About Black Rock

At Black Rock, 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 Black Rock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

Black Rock 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.