BlackRock FMG Mortgage Modeling Analyst in Budapest, Hungary

BlackRock is one of the world’s 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 range of 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 world’s capital markets. Our clients can access our investment solutions 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.



At BlackRock we are building something great in Budapest, our new global technology and Innovation hub, where we want to shape a culture in which challenge, development and innovation happen every day. Our mission as an organsiaiton is create a better financial future for our clients and BlackRock Budapest will enable this, through a relentless drive to make ourselves and our communities better. We are a diverse bunch of people who like to analyse, reinvent, and enhance how we work, and all in the pursuit of a better experience for our colleagues and clients. We offer The excitement to be a founder in a start-up with the security of a global, leading organization, where you will find innovation and inclusion are our competitive advantages. There are limitless problems to solve and opportunities for learning and development, alongside a team of clever and caring colleagues. Our culture is one of respect, challenge and stretch and we expect and value feedback. We believe that people reach their best potential when the different facets of their home, work and community are all cared about. We will have a fun, fast paced work environment located in cutting edge facilities, with competitive and innovative benefits, and the ability to define your role, pursue your aspirations and shape your future within Hungary and beyond.

Business Unit Overview:

The Financial Modeling Group (FMG) is responsible for the research and development of financial models underpinning the risk management analytics produced at BlackRock. The group also contributes to the infrastructure and software responsible for the production of analytics and the delivery of analytic content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of business objectives among BlackRock Solutions clients and within BlackRock itself the models developed and supported by the Financial Modeling Group span a wide array of financial products, ranging from equity to fixed income to derivatives. In addition, members of FMG seek to provide analysis and insight on many different levels from analysis of the cash flows of a single bond to the overall financial risk associated with an entire portfolio, enterprise or balance sheet.

Job Purpose/Background:

The Financial Modeling Group focuses on developing mathematical and behavioral models in valuation and risk management, covering asset classes including but not limited to Fixed Income, Equity, and Alternatives. This role focuses on Fixed Income Investments in Europe and Asia.

Development Value:

► The position will learn quantitative analysis and behavioral modeling, as well as technology of risk analytics related to all asset classes including Fixed Income, Equity, and Alternatives.

► In addition, FMG offers learning opportunities in both portfolio management and risk management at the corporate level.

Key Responsibilities:

► Using statistical, econometric and machine learning techniques to model behaviors of various loans including Mortgages, Consumer loans, and Wholesale lending.

► Back testing modeling choices

► Implementing both bespoke models and generic models into the Aladdin platform

► Will have the opportunity to work on significant projects that will expand their knowledge and skills, as well as benefit BlackRock and its clients

► Will also help with maintenance and support of our existing models. In addition, will play an important role in model R&D.

► Provide modeling and analytical supports to internal and external clients

► Develop models using various technologies and quantitative concepts to deliver on the objectives of the group.


► A BSc or MA/MSc level education with a focus on math, engineering, econometrics, or statistics is required. Some exposure to finance is also highly desirable.

► Prior Experience in quantitative modeling, machine learning, econometric, or statistical modeling is preferred.

► Exposure to modeling technologies like R/SAS/Pythonwith good command over SQL and UNIX.

► C/C /Java/Perl programming skills and exposure to Big Data tools are highly desirable

► Must be able to understand complex financial algorithms for implementing/deploying models and applications with minimal supervision.

► Work with other FMG members to develop new models. Own the deployed models and verify the outcomes to be consistent.

► Strong analytical skills, attention to detail, and the ability to work as part of a team in a fast-paced environment.

► Interest towards learning about new technologies and tools.

► Excellent interpersonal, leadership, and oral and written communication skills are also required


► Good programming knowledge with quantitative development and modeling exposure.

► Strong quantitative skills with good knowledge of statistics and mathematical modeling.

► Strong desire to apply these skills to address financial problems and issues that BlackRock encounters in the course of business

► Progress toward CFA / FRM a plus


► Strong analytical skills, attention to detail and strong work ethics

► Possess a positive attitude and ability to work as part of a team in a fast-paced environment

► Possesses excellent communication and presentation skills

► Possesses excellent creative and analytical skills

► Organized in carrying out the responsibilities, possess strong time management skills and should be high on focus

Job Function: Analytics

Organization: BRS-Analytics/Modeling

Title: FMG Mortgage Modeling Analyst

Primary Location: EMEA-Hungary-Budapest

Requisition ID: 172338

Job Posting: Aug 3, 2017, 4:52:41 AM