Full-Time

Vice President

Insurance Solutions

Posted on 9/24/2024

BlackRock

BlackRock

Data & Analytics
Fintech
Financial Services

Senior

Company Historically Provides H1B Sponsorship

London, UK + 1 more

More locations: Edinburgh, UK

Employees are required to work at least 4 days in the office per week, with 1 day of flexibility to work from home.

Category
Insurance
Finance & Banking
Required Skills
Python
Communications
Data Analysis
Requirements
  • 5+ years of quantitative modelling experience gained within an insurance company, asset manager, investment bank, consultancy or similar institution.
  • Comprehensive understanding of modern financial economics and mathematics (e.g. bond mathematics, option pricing, hedging, stochastic processes, Monte Carlo simulation in real world and risk neutral environment, interest-rate modelling) and portfolio construction analytics (e.g. mean-variance optimization with constraints) are essential.
  • An understanding of insurers’ portfolio construction considerations, ALM and asset allocation frameworks and the use of derivatives with an insurance focus is a strong plus.
  • An understanding of the accounting, regulatory, risk management and strategic frameworks under which insurers operate.
  • Excellent problem-solving abilities, intellectual curiosity, and experience understanding and solving complex issues.
  • Strong interpersonal and communication skills.
  • Practical experience of development in Python is a strong plus.
  • Undergraduate and / or advanced degrees in economics, mathematics, engineering, computer science, and / or actuarial science would be preferred.
  • Professional designations such as CFA, FRM, FIA, FSA etc. would be viewed favourably.
Responsibilities
  • Develop a thorough knowledge of BlackRock’s existing systems, tools and other capabilities which are of relevance to modelling the assets and liabilities of insurers.
  • Become the team’s owner of, and expert on, all asset class and security-level IP, such as expected return, risk, yield and other economic assumptions, as required by the team’s portfolio construction and asset allocation frameworks.
  • Build detailed understanding of the forecasting models, risk models and asset modelling capabilities available from the broader BlackRock platform to identify relevant IP that can be leveraged by the Insurance Solutions team for its applications.
  • Identify gaps in the existing IP versus requirements. Seek to address these gaps by driving proprietary research on team, partnering with the BlackRock platform where appropriate.
  • Maintain strong relationships with internal partners in the BlackRock Investment Institute, Aladdin Financial Engineering, Financial Institutions Group, and relevant investment teams to drive enhancements in analytical capabilities of relevance to insurers.
  • Take part in complex advisory engagements across BlackRock’s global insurance client base to help drive commercial outcomes for BlackRock by deepening relationships with clients, help position BlackRock’s existing capabilities and identify areas for new capability development.

Company Stage

IPO

Total Funding

$72.8B

Headquarters

New York City, New York

Founded

1988

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Simplify's Take

What believers are saying

  • AI investments could boost BlackRock's European market with new AI-focused products.
  • Bitcoin's institutional adoption may increase demand for BlackRock's crypto investment products.
  • The global wealth platform could attract more European investors to BlackRock.

What critics are saying

  • AI-focused firms may divert funds from BlackRock's traditional asset management.
  • Dismissal of XRP ETF could harm BlackRock's reputation amid crypto interest.
  • Bitcoin's volatility and regulatory scrutiny pose risks to BlackRock's investments.

What makes BlackRock unique

  • BlackRock's AI funds target early-stage AI adoption, offering unique growth opportunities.
  • Their Bitcoin ETF capitalizes on growing institutional interest in cryptocurrency investments.
  • The global wealth platform launch in Europe enhances BlackRock's market presence.

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