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About this role
Are you interested in building innovative technology that shapes financial markets? Do you like working at the speed of a startup but want to tackle some of the world’s most complex problems? Do you want to work with, and learn from, hands-on leaders in technology and finance?
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’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients.
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.
Job Purpose/Background
The Aladdin Financial Engineering (AFE) is responsible for the research and development of financial models underpinning the risk management and portfolio construction analytics produced at BlackRock. The group also contributes to the development of infrastructure and applications responsible to produce analytics and the delivery of analytic content to investment and risk management professionals. If any of this excites you, we are looking to expand our team. We are rebuilding our Analytics and Modeling Technology platform using multiple technologies (mainly Java, some Python), and this is the best time to join the team if you want to influence software design, architecture, fundamental platform solutions, and transform the way we deliver Analytics to our clients!
AFE is looking for a self-starter Java Portfolio Optimization Developer who can work out of Budapest BlackRock office with other quant and application developers in the team.
Role Responsibilities
As a Java Portfolio Optimization Developer, you will be a key member of the AFE Quant Technology team in Budapest, mostly responsible for collaborating with quantitative researchers to translate complex portfolio construction and optimization theories into practical, efficient software solutions.
Implement and maintain software systems that support multi-asset class portfolio optimization, considering various constraints and objectives.
Build scalable back-testing framework.
Optimize existing codebase for performance, scalability, and reliability.
Additional core engineering functions, such as: Contributions to the application code base and to build widely used and reliable fundamental components.
Anticipate new opportunities to continuously evolve the resiliency profile of scoped Applications and Architectures.
Skills/Qualifications
B.S. / M.S. degree in Computer Science, Engineering, or a related discipline.
Minimum 4+ years of experience in Java-based software development and design
Good hands-on object-oriented programming experience in Java, including proficiency in object-oriented principles and design patterns.
Solid knowledge of designing massively scalable micro-service architectures, application operation and maintenance
Excellent analytical, problem-solving, and debugging skills
A passion for providing fundamental software solutions for highly available, performant full stack applications with a “Student of Technology” attitude
Passion to work in a team-environment, multitasking, and effective communication skills
Knowledge of software development methodologies (analysis, design, development, testing) and basic understanding of Agile / Scrum methodology and practices
Ability and willingness to learn fast, multi-task, self-motivate and pick up new things easily.
Ability to work independently and efficiently in a fast-paced and team-oriented environment.
Demonstrated ability to build positive relationships.
Good to Have
Understanding of Agile work environments, including knowledge of GIT, CI/CD
Knowledge of portfolio construction theory, including modern portfolio theory, asset allocation, and risk management.
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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.