Associate

About this role

Company: BlackRock Financial Management, Inc.

Job Title: Associate

Location: 60 State Street, Boston, MA 02109

Job Duties: Develop financial models on different asset classes to aid pricing, liquidity and trading related research using machine learning, deep learning, statistics, big data infrastructures and programming. Design, fine-tune and evaluate advanced AI and applied AI models—including large language models (LLMs), neural ordinary differential equations (Neural ODEs), diffusion models and other deep learning architectures —to support tasks like natural language querying of proprietary financial data, extraction of key insights from unstructured data , synthetic data generation and time-series analysis/forecasting. Interact with stakeholder teams to identify questions and issues to generate actionable insights and solutions for client needs and/or product enhancements and research opportunities for new uses of existing data. Implement rigorous data quality checks, model validation, back-testing and surveillance. Monitor model drift and retrain as needed to ensure stability and reliability in production. Work with different financial datasets and develop and run algorithms on large size datasets efficiently. Continually stay current with the latest advances in AI and ML

Qualifications: Master's degree or foreign equivalent in Physics, Financial Engineering, or related field and 12 months of experience in job offered, or related occupation. ALTERNATIVE REQUIREMENTS: Bachelor's degree or foreign equivalent in Physics, Financial Engineering, or related field and 36 months of experience in job offered, or related field. Position requires one year of experience in the following: Programming in Python and C++; Interactive prototyping frameworks, including Jupyter; Data science packages including Sklearn, Numpy and Matplotlib and PySpark; Deep learning frameworks including PyTorch, and TensorFlow; Conducting independent research, encompassing hypothesis formulation, data visualization, cleansing, modeling, validation and dissemination of findings; Applying statistical and machine learning approaches and building models to solve problems, including regression, classification and clustering; Training and deploying deep learning models, including neural ordinary differential equations (Neural ODEs) for modeling complex temporal dynamics and diffusion models for generating synthetic data and denoising time series; Big Data & Cloud Platforms, including Apache Spark, and Hadoop, and cloud services, including Google Cloud Platform and Azure equivalents for distributed data processing; Generative AI and Large Language Models including transformer architecture, prompt engineering techniques, and utilization of AI agents for financial data applications.

Salary: $139,200 – 148,000

To apply, please click “Apply” on this webpage.

For Boston, MA Only the salary range for this position is USD$0.00 - USD$0.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.