About this role
Business Overview
The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. RQA’s mission is to advance the firm’s risk management practices and deliver independent risk advice and constructive challenge to drive better business and investment outcomes. RQA’s risk managers play a meaningful role in BlackRock’s investment process, using quantitative analysis and a multi-disciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process.
RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which encourages teamwork, innovation, diversity and the development of future leaders. We actively engage in discussions on growth opportunities and work with team members to understand how personal passions and strengths connect with our purpose.
Model Validation team in Model Risk Management
The Model Validation team is an integral part of the global Model Risk Management Team. The Global Model Risk Management function within the Enterprise Risk team is responsible for developing the firm-wide Model Risk Management framework and the implementation of the framework across BlackRock.
Key responsibility of the Model Validation team is performing independent reviews of models, primarily focusing on the models produced and owned by the Aladdin Financial Engineering (AFE) group. The team works with the model owners and other stakeholders (e.g. model users; governance representatives etc.), design and run independent testing of the models, and provide effective challenge to the model’s methodology and implementation, focusing on the usage cases of the models.
Responsibilities:
Evaluate conceptual soundness of models by assessing the model theory (incl. model assumptions, limitations), model construction and model testing in re