Associate Insurance Quantitative Strategist

About this role

Team Overview

The Insurance Solutions Group provides a wide range of advisory portfolio construction capital formation and whole portfolio solutions to insurers globally.  Within the Insurance Solutions Group the Insurance Advisory & Insurance Investment Solutions (“IA&IIS”) team is a group of insurance specialists with diverse backgrounds from asset management investment banking insurance and consultancy.

A key focus of the team is engaging with insurance clients to help solve their most complex asset allocation portfolio construction risk and capital management challenges. This work also requires the team to develop bespoke modelling and analytical capabilities both independently and leveraging the broader BlackRock analytical platform.

We use our collective insurance analytics and investment expertise and experience to deliver effective investment propositions that address the needs of our insurance clients.

Responsibilities

• Develop a thorough knowledge of the team’s existing systems tools and other capabilities as well as those BlackRock capabilities which are of relevance to modelling the assets and liabilities of insurers.

• Contribute to the broad development objectives of the team’s global analytical platform across framework input assumptions optimization methodologies and liability cashflow aware analytics.

• Undertake complex ALM strategic asset allocation and capital management exercises to design portfolios and strategies that provide good trade-offs between capital charges return volatility transaction costs and liquidity needs.

• Maintain strong relationships with internal partners in the Financial & Strategic Investors Group the BlackRock Investment Institute Aladdin Financial Engineering and relevant investment teams to drive enhancements in analytical capabilities of relevance to insurers.

• Keep abreast of the implications of regulatory accounting and capital frameworks on investment and risk management decisions made by insurance companies.

Qualifications

• At least 2 years of industry experience gained within an insurer asset manager investment bank or consultancy.

• Good understanding of modern financial mathematics (e.g. option pricing hedging stochastic processes Monte Carlo simulation interest-rate modelling).

• Demonstrable practical experience in coding with Python VBA or other programming languages preferably applied to asset and liability modelling.

• Advanced degree in mathematics engineering economics or other technical discipline.

• Previous experience with investment and ALM strategies utilized by insurers when managing assets invested to meet long-term liabilities balance sheet management and portfolio optimization.

• Strong knowledge of life insurance products and regulatory and accounting constraints under which insurers operate.

• Skills commensurate with holding an investment risk management actuarial or other technical role in a life insurance reinsurance or banking environment would be advantageous.

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.

About BlackRock

At BlackRock 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 BlackRock please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race creed color national origin sex (including pregnancy and gender identity/expression) sexual orientation age ancestry physical or mental disability marital status political affiliation religion citizenship status genetic information veteran status or any other basis protected under applicable federal state or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process please email [email protected]. All requests are treated in line with our privacy policy.

What We Do

As the world’s largest asset manager BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement home ownership and their children’s education. Our clients range from governments foundations and other large institutions to those investing on behalf of individuals including firefighters nurses teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven focused on clients and risk management and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world Aladdin combines powerful analytics and a common language to help investment teams make faster more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions simplify complexity and deliver investment strategies that meet people where they are. Whether it’s retirement planning wealth building or navigating market shifts we’re here to help clients invest more easily more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com

Why Work With Us

Without our people technology is irrelevant. When we combine the power of people with the power of technology we amplify our ability to create better outcomes for our employees clients shareholders and society alike.

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