Quant Engineer, Index Quant Engineering, BIS, Associate

About this role Elevate your career by joining the world's largest asset manager! Would you thrive in an environment that fosters positive relationships and recognize outstanding performance? We know how important it is to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over $10 trillion of assets under management, we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. BlackRock Index Services (BIS) is responsible for the design, development, and administration of Multi-Asset and Fixed Income indices used by internal and external clients. The Index Quant Engineering (IQE) team within BIS builds and maintains the quantitative models that support our best-of-breed indices. These indices take the core investment thesis behind many of BlackRock’s leading systematic investment strategies and package them into thoughtfully designed market indices. Role & Responsibilities Index Design Research Collaborate with internal BlackRock investment and client facing teams to bring new index concepts to market. The Index Engineer will play a key role throughout the index development process, starting from the initial conceptual design, all the way through to authoring the index methodology and development of production software code for index construction. Understand the requirements of different index stakeholders and synthesize them into key index design features. Author the official index methodology. Develop the index back-test and be able to contextualize and answer client questions, for instance, by quantifying the impact of specific index features on index positioning and performance. Ensure BIS standard processes are followed during all phases of the index development process. Index Implementation and Support Act as a key member of the index implementation team for new indices with responsibility for the execution of index deliverables and coordination with colleagues from platform engineering, governance, business management, and index operations. Work in partnership with internal collaborators and external clients to align and achieve agreement on project achievements and key dates. Proactively communicate status updates on a timely basis. Develop the production quant index calculation code, ensuring high quality and all software development lifecycle procedures are followed. Participate in Internal and External Client discussions and presentations. Respond to technical questions from clients regarding index methodology and perform ad-hoc analyses as needed. Carry out post-launch support activities such as working directly with index clients and third-party hedge providers to support their index related projects and processes. Platform Engineering Contribute to enhancing the data and technology platform, especially as it pertains to index research and design. Contribute to enhancing our index calculation and analysis toolbox, a suite of standardized, fully tested and documented code for index research, production, analytics and reporting. Software Development Design, develop, and maintain software systems for the calculation and analysis of indices. Collaborate with other teams to integrate new software systems and improve existing ones. Ensure software systems are accurate, reliable, and efficient. Write and maintain documentation for software systems. Experience and Skills Bachelor's degree in quantitative finance, financial engineering, operations research, mathematics, statistics, or a related field. Advanced degree in the aforementioned fields preferred. Strong background in statistics and linear algebra is required. Demonstrated experience (2 years) in quantitative analysis, preferably within a financial services, asset management, or index ... (truncated, view full listing at source)