Researcher In Actuarial Science and Retirement Income, Retirement Solutions - Vi

Researcher In Actuarial Science and Retirement Income, Retirement Solutions - Vice President

Employer: BlackRock
Location: San Francisco, New York, United States of America
Salary: Competitive
Closing date: 29 Nov 2024

About this role
BlackRock's Retirement Solutions is a part of Blackrock's Multi-Asset Strategies and Solutions (MASS) team which provides investment strategies and solutions that employ sophisticated asset allocation, rigorous risk management, and extensive research to deliver specific outcomes tailored to client needs. The Retirement Solutions team 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. The group aims to serve as a resource for clients globally, providing deep expertise in retirement plans and solutions.

Role:
The position of Retirement Solutions Researcher entails research in the areas of insurance products like Annuities and life contingent payout products, their pricing mechanisms, as well as human capital and investor savings behaviors in order to create optimal lifetime allocation investments. The candidate will be responsible for fund design, competitive positioning, model portfolio building and automated allocation implementation.

Responsibilities:

1. Research existing offerings in the Retirement market.
2. Apply academic and industry research to the creation of new products.
3. Employ rigorous quantitative methods to optimize design of existing and new products.
4. Assist in the creation of supporting material for new and existing products.
5. Develop and extend risk models for existing and new products using internal BlackRock platform.
6. Support externally-facing portfolio allocation tools.

Skills:

1. 5+ years as an Actuary and/or quantitative finance.
2. Strong background in Actuarial Science, economics and statistics.
3. Understanding of optimization science.
4. Understanding of finance and portfolio allocation, utility theory, econometrics, stochastic differential equations, data analysis and behavioral finance.
5. Ability to program in Python and Matlab.
6. Unix scripting languages.

Education:
The ideal candidate would have a degree in actuarial science with additional training and certifications from the Society of Actuaries (SOA), and interest in a quantitative field, e.g., math, computer science, or "hard sciences". Additional specialization in finance either through coursework, a graduate degree (such as an MFE, PhD or equivalent) would be a plus.

For California only, the salary range for this position is $147,500 - $209,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including health care, leave benefits, and retirement benefits.

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).

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.

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.

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.

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