Defined Contribution Researcher recruitment
BlackRock's U.S. Defined Contribution Group (USDC), is currently one of BlackRock's most dynamic businesses and has been named by senior management as one of the main engines for future revenue growth. By focusing on direct sales to plan sponsors and intermediated sales of BlackRock products through Defined Contribution Plan platforms and providers that are distributed by wirehouses, banks, independents and RIAs, USDC has helped solidify BlackRock's position as a top provider of Defined Contribution Plan investment solutions.
ROLE:
The position of Defined Contribution researcher entails research on the areas of consumer behavior, spending patterns, optimal lifetime allocation, and fund design. The duties will include obtaining and processing public and private data to support models that cover all of these areas, use of proprietary code written in Matlab--among other languages--to create new analyses for each of these areas, and development of new investment products.
RESPONSIBILITIES:
- Research existing offerings in the DC market.
- Apply academic and industry research to the creation of new products.
- Employ rigorous quantitative methods to optimize design of existing and new products.
- Assist in the creation of supporting material for new and existing products.
SKILLS:
- Ability to program in Matlab,
- Unix scripting languages. C++ preferred (but not a necessity)
- Understanding of optimization science
- Understanding of finance and portfolio allocation, utility theory, econometrics, data analysis and behavioral finance.
EDUCATION:
The ideal candidate would have a graduate degree in a quantitative field, eg, math, computer science, or ?hard sciences? and a specialization in finance either through coursework or a graduate degree such as an MFE or equivalent.
BlackRock is proud to be an E-Verify Equal Opportunity/Affirmative Action Employer?M/F/D/V.
Skills
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 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.