Quantitative Modeler, Associate - QMR

Blackrock

Hybrid

Quick summary

Work type
Hybrid
Location
New York, NY
Salary
$137,500–$170,000 / yr
Posted
today

Market check

Salary context

Competitive pay

How this pay compares to similar roles

Similar $174k
This role $154k
$120k most similar roles pay here $229k

This role pays less than 61% of similar roles. Most pay $130,332–$218,250 — the shaded band above. At the midpoint, this role pays about $154k versus about $174k for comparable roles.

Based on 240 similar postings.

Employer

About Blackrock

BlackRock is the world''s largest asset management firm, providing investment management, risk management, and advisory services to institutional and retail clients through its Aladdin technology platform. Industry: Asset Management & Financial Services

Blackrock currently has 92 open roles on FindRole.

Listed pay typically runs $148,000–$200,000 across 90 roles with salary data.

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At a glance

TL;DR · Quantitative Modeler, Associate - QMR

Join the Quantitative Modeling and Research (QMR) team within Single Security Modeling at a leading financial institution, where you will develop sophisticated risk and valuation models for diverse products including interest rates, FX, inflation, equity, and credit. Your day-to-day responsibilities include crafting advanced quantitative financial models, implementing these into production-quality code using C++ or another object-oriented language, providing analytical support during client calls, and staying updated with the latest trends in quantitative finance to apply innovative techniques to real-world problems. This role requires a strong background in mathematics or a related field, coupled with robust coding skills and the ability to communicate complex concepts clearly to non-technical stakeholders. With over $11T AUM across BlackRock and Aladdin clients, you will work on a broad range of products while collaborating with a team of experts dedicated to excellence in both modeling and coding.

What you'll do

  • Develop and enhance quantitative financial models for various products like interest rates, FX, inflation.
  • Implement advanced mathematical techniques into production-quality code within the quant library.
  • Provide analytical support during client calls and on-site visits to address complex queries.
  • Stay updated with contemporary trends in quantitative finance and apply new techniques to solve real-world problems.
  • Write robust and efficient code for financial models using C++ or another object-oriented language.

What we're looking for

  • Advanced degree in a quantitative field such as Mathematics, Engineering, or Physics.
  • Strong interest in finance and proficiency in mathematics.
  • Ability to write robust and efficient code using C++ or another object-oriented language.
  • Experience with advanced mathematical techniques for financial modeling.
  • Capability to address complex analytical problems and handle ambiguity effectively.
  • Excellent communication skills for explaining technical concepts to non-technical stakeholders.

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