BlackRock

Portfolio and Climate Risk Modeling Vice President

BlackRock  •  London, GB (Remote)  •  1 month ago
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Job Description

About this role

The Aladdin Financial Engineering businessis responsible forall analytics technology across the Aladdin platform. We research, develop, and implementstate-of-the-artquantitative models used to assess financial risk across fixed income, equities, derivatives, alternativeproductsand private markets.

Within AFE, the Portfolio and Climate Risk(PCR) modelling team playsa central rolein delivering core portfolio risk analytics alongside climate, energy, and transition risk modelling capabilities used across BlackRock’s investment platform.

Team overview & what we do

ThePortfolio& ClimateRisk(PCR)modelling teamis responsible for the research, development, and continuous evolution of BlackRock’s multi-asset portfolio risk models and climate- and energy-related risk analytics delivered through the Aladdin platform.

The team leads the development of foundational portfolio risk analytics, including factor-based risk models, Value-at-Risk (VaR), tracking error, and stress testing across equities, fixed income, and derivatives. These analytics support portfolio construction, risk oversight, regulatory reporting, and client decision-making, providing a consistent and scalable risk language across investment workflows.

In parallel, the team develops financially grounded climate, energy, and infrastructure risk models, including climate physical risk, energy systems, energy transition, decarbonization pathways, and geospatial analytics. These models are integrated into asset valuation, portfolio monitoring, due diligence, and client reporting, translating complex climate and energy signals into decision-relevant insights embedded across Aladdin platforms.

As a Vice President in the Portfolio and Climate Risk Modeling team, you will provide technical leadership across power market and energy transition modeling whileoperatingwithin a broader portfolio risk modeling ecosystem. The role combines hands-on quantitative research with strategic ownership of models, stakeholder engagement, and governance. You will help shape modeling roadmaps, mentor junior modelers, and ensure analytics meet the standardsrequiredfor enterprise-scale investment use.

Key Responsibilities:

  • Develop andmaintainmodels for power market analytics,comprisingdispatch, balancing/reserve market,price and revenue calculation,reportingand visualization.

  • Develop andmaintainthe Aladdin Transition Scenario Engine underpinning the BII Transition Scenario in partnership with the BlackRock Investment Institute (BII). Conduct research and develop data pipelines to ensure BIITS reflects the latest technology,policyand macro-economic developments, in line with our investment platform views.

  • Conduct research using data science and AI/ML techniques to enhance analytics, create investment signals or thought leadership papers.

  • Engage with stakeholders (investors, governance) tofacilitateadoption of these analytics into the investment process.

  • Perform & implementcomplexquantitative calculations with high accuracy and performance,leveragingBlackRock’scontentexperts and modelers.

Skills & Qualifications:

  • Bachelor or master’s level education in Computer Science, Engineering, or a related discipline.

  • Minimum3+ years of experienceinenergy modelling, with a preference for energy systems or power market modelling.

  • Formidable analytical, problem-solving, andcritical thinkingskills.

  • A passion for providing fundamental software solutions forhighly available, performant full stack applications with a “Student of Technology” attitude.

  • Demonstrates enthusiasm for teamwork,multitaskingand effective communication within a collaborative, fast-paced environment.

  • Exhibits strong individual productivity, including the ability to work independently,maximizestheimpactof the work delivered,quickly adapt, self-motivateand efficiently learn new skills.

Familiarity with following areas is essential:

  • Power market modelling (dispatch, capacity expansion),

  • Optimization (LP, CPLEX) and Machine Learning,

  • Python development(PyPSA, scikit-learn,streamlit, polars) using git,

  • Data analytics & content research,

  • Exposure tointegrated assessment models.

Familiarity with following areas isdesirable:

  • GenAI is used very widely across a range of activities: drafting code and documents, researching and summarizing information to name a few,

  • Exposure tomodel development lifecycle including interactions with stakeholders and partners (investors, governance, softwareengineersand product designers),

  • Exposure to private assets modelling.

Good to Have

  • Understanding of AgileSoftwareDevelopmentLifeCycleunderpinned by Azure DevOps.

  • Knowledge of investment process, climate risk particularly transition risk & decarbonization analytics.

  • CFA/FRM preferred.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.

BlackRock

About BlackRock

BlackRock is a global asset manager and technology provider dedicated to helping more and more people experience financial well-being.

We help millions of people invest to build savings that serve them throughout their lives. We always start with our clients’ needs and look to offer them more quality choices for how and where to invest their money.

Our global investments platform offers our clients access to the world’s markets while making investing easier and more affordable. And with offices in more than 40 countries, our global expertise helps them navigate changing markets to stay ahead of the curve.

Follow us for global insights shaping the economy, conversations about financial well-being and more information on culture and careers at BlackRock.

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Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
New York, NY
Year Founded
1988
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