Vice President, Quant Researcher, Aladdin Sustainability Lab: Macroeconomics / Energy Transition Scenario Modelling and Analytics

Job Description

DescriptionAbout this roleBlackRock is one of the worlds 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 rangeof 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 worlds capital markets. Our clients can access our investmentsolutions 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. Business Unit Overview: Our Aladdin Sustainability Lab (ASL) is responsible for building products and capabilities that are needed to quantify the impact of climate risk and other sustainability factors on financial assets. We also develop the infrastructure and software used forproduction of analytics as well as delivery of analytics content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of skills required to develop these products, the Lab brings together professionals fromresearch and modeling, analytics, product management, design, and data engineering teams. As a member of the ASL you will be working with clients and partners to develop state of the art financial and economic models to assess the financial impacts of climatechange, climate policy and energy policy on a large number of asset classes - from corporate equity and fixed income, to mortgages, municipal bonds, sovereign debt and alternative investments. As climate risk and sustainable investing become an ever-increasingfocus for investors, you will be developing the models and analytics to help drive a deeper understanding of risks and opportunities in this space. Job Purpose/Background: Aladdin Sustainability Lab (ASL) is looking for Quant Researchers to join their climate risk and financial modeling team. The primary job responsibilities are to help develop best-in-class methodologies, models and analytics to provide robust global and nationalscenario analyses of climate transition risk. In particular, to help clients and investors understand the interplay between transition pathways for decarbonization and impacts on the wider economy. Familiarity with at least one of the following areas is essential:

• Macroeconomic modelling techniques, model development and scenario analysis (e.g. IO, econometric, CGE)
• Energy system and IAM modelling techniques, model development and scenario analysis (e.g. optimization)
• Techno-economic and policy analysis of decarbonization scenarios across sectors such as power, transport, buildings, industry, agri/land-use, etc.

Key Responsibilities:

• Partnering with members of the Aladdin Sustainability team and other stakeholders for building models and infrastructure to generate and deliver climate risk analytics
• Supporting development and application of Blackrocks Global Transition Model
• Shaping and developing new proof of concept tools and models; which can then be industrialised by broader software engineering teams
• Developing robust transition scenarios from global through to national level, integrating an understanding of decarbonization, macroeconomics and relevant physical risks
• Providing an understanding of relevant data for modelling; its coverage, quality, etc, and the implications of this for the development of robust analytical tools and scenarios
• Communicating with internal and external clients on scenarios, and risk/valuation implications
• Collaborating on papers for publication, presenting original research at industry conferences, and speaking with institutional clients about relevant research
• Benchmarking (e.g. against 3rd party scenarios), production of model documentation and support for internal validation processes
• Additional responsibilities include working with working with financial advisory teams on modeling projects for bespoke products or client engagements.

Skills & Qualifications:

• Masters or PhD level education with a focus on economics, statistics, mathematics, engineering, or climate science
• 5+ years of experience in macroeconomic and/or energy transition modelling, scenario development and analysis
• Experience of various modelling techniques such as econometrics / statistical analysis, mathematical optimization, uncertainty analysis (e.g. monte carlo) is highly desirable
• Familiarity with core macroeconomic modelling approaches such as CGE, econometric, or modelling frameworks designed to explore energy/sustainability-economy interactions such as IAMs is highly desirable
• Experience of model governance, risk, and validation processes.
• Experience with software packages such as Python / R, algebraic modelling languages (e.g. GAMS / AIMMS) and database packages such as SQL is desirable
• Strong analytical skills, attention to detail, and the ability to work as part of a team in a fast-paced environment
• Excellent interpersonal, oral, and written communication skills

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 bethere for the people you care about. About BlackRockAt 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 childrens 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. Its why were dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunitiesto help them thriv