About this role

We are seeking a highly skilled Quantitative Modeler to join our Model Governance team in Budapest. As a Quantitative Modeler, you will be responsible for developing and implementing methodologies, thresholds, and boundary conditions for Fixed Income Derivative Models.

What You Will Be Doing

• Develop and implement methodologies, thresholds, and boundary conditions for Fixed Income Derivative Models.
• Analyze model output and time-series data to define correctness criteria and thresholding to be measured every day.
• Implement such tests in Python and interact with Model Risk Management to get Model Performance Monitoring Tests approved.
• Develop and maintain Model Infrastructure, including Reporting Infrastructure for Model Breaches and Infrastructure for monitoring overnight performance tests.
• Create and maintain Model Documentation.
• Collaborate with the AI team to develop and implement a Large Language Model (LLM) project for Model Governance.

What We're Looking For

• A master's degree in a Quantitative field.
• 5+ years of experience in a quant/quant-dev finance role with strong programming skills.
• Advanced hands-on Python programming skills.
• Basic C++ coding skills.
• Expertise with Software Engineering Tools/Platforms – Git/LINUX.
• A passion for programming and a willingness to learn and adapt to new technologies.
• An analytical frame of mind and the ability to analyze complex data and make informed decisions.
• Excellent communication skills and the ability to explain complex concepts to non-technical people.

Our benefits

• Retirement investment and tools designed to help you build a sound financial future.
• Access to education reimbursement.
• Comprehensive resources to support your physical health and emotional well-being.
• Family support programs.
• 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.

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.

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