Portfolio and Climate Risk Modeling Vice President in London

The Aladdin Financial Engineering business is responsible for all analytics technology across the Aladdin platform. We research, develop, and implement state‑of‑the‑art quantitative models used to assess financial risk across fixed income, equities, derivatives, alternative products and private markets.

The Portfolio & Climate Risk (PCR) modelling team is 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.

Key Responsibilities

• Develop and maintain models for power market analytics, comprising dispatch, balancing/reserve market, price and revenue calculation, reporting and visualization.
• Develop and maintain the 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, policy and 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) to facilitate adoption of these analytics into the investment process.
• Perform & implement complex quantitative calculations with high accuracy and performance, leveraging BlackRock's content experts and modelers.

Skills & Qualifications

• Bachelor or master's level education in Computer Science, Engineering, or a related discipline.
• Minimum 3+ years of experience in energy modelling, with a preference for energy systems or power market modelling.
• Formidable analytical, problem‑solving, and critical thinking skills.
• A passion for providing fundamental software solutions for highly available, performant full stack applications with a “Student of Technology” attitude.
• Demonstrates enthusiasm for teamwork, multitasking and effective communication within a collaborative, fast‑paced environment.
• Exhibits strong individual productivity, including the ability to work independently, maximises the impact of the work delivered, quickly adapt, self‑motivate and 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 to integrated assessment models.
• Familiarity with following areas is desirable: GenAI is used very widely across a range of activities: drafting code and documents, researching and summarizing information to name a few, Exposure to model development lifecycle including interactions with stakeholders and partners (investors, governance, software engineers and product designers), Exposure to private assets modelling.
• Good to Have: Understanding of Agile Software Development Life Cycle underpinned 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.

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.