Director, Quant Researcher / Modeler

Key Skills

C++, Effective communication skills, Finance, Python Programming, R Programming

Job Description

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Role Overview:

We are seeking a Director-level quant researcher to join the mortgage modeling team within AFE Single Security Group at BlackRock. The ideal candidate will play a pivotal role in our organization, providing hands-on expertise in building and maintaining econometric prepayment and credit models for a variety of mortgage products, including Credit Risk Transfer (CRT), Mortgage Servicing Rights (MSR), and agency mortgages.

Key Responsibilities:

• Research, develop, and maintain next generation of prepayment and credit models for residential mortgages. Perform in-depth empirical analysis based on mortgage collateral and market data.

• Interface directly with internal and external clients to effectively communicate model performance, forecasts, and valuation/risk analytics.

• Collaborate with team members and stakeholders for client-related publications and discussions. Present original research at industry conferences and engage in conversations with clients about relevant research topics.

• Continuously monitor, validate, and recalibrate mortgage models. Stay updated on evolving industry trends, policy changes, regulatory requirements, and best practices to ensure our models sustain their leading status in the industry.

Qualifications:

• Advanced degree in a quantitative discipline (e.g engineering, computer science, math, statistics, physics, economics, finance, or similar).

• Hands-on experience in building residential mortgage prepayment models.

• Proficient in programming (Python, R, familiarity with C++ is a plus).

• Strong communication skills. Ability to explain complex model structures and results to clients.

• Ability to work with cross-functional teams, coordinate new models releases, and drive results.

For New York City only: The salary range for this position is $225,625 – $267,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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.

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 model

BlackRock’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 BlackRock