At a Glance
- Tasks: Generate high-conviction investment ideas in mining and gold sectors through rigorous research.
- Company: Join BlackRock, a global leader in investment management with a culture of curiosity.
- Benefits: Enjoy flexible time off, education reimbursement, and comprehensive health resources.
- Other info: Experience a hybrid work model that promotes collaboration and personal growth.
- Why this job: Make a real impact in the investment world while collaborating with top experts.
- Qualifications: 5-12 years in mining or finance, strong analytical skills, and a relevant academic background.
The predicted salary is between 80000 - 100000 £ per year.
About this role
BlackRock is a global leader in investment management, risk management, and advisory services to institutional, intermediary, and individual investors around the world. We aim to deliver better financial outcomes for our clients through disciplined investing, rigorous research, and a culture grounded in intellectual curiosity and accountability.
About our Platform
Fundamental Equities invests through style- or sector‑specific, research‑driven strategies, combining the breadth of a global platform with the autonomy of specialist teams. Investment teams operate with discretion within a robust risk framework and are accountable for delivering consistent outperformance.
About our Team
BlackRock's London-based Sector & Thematics equity team is a long‑established specialist platform within Fundamental Equities, focused on natural resources and thematic equity strategies. Founded in 1988, the team manages approximately US$37 billion in predominantly long‑only assets across mining, gold, agriculture, energy and new energy strategies, and has won more than 100 industry awards for investment performance. The team invests globally across the market‑cap spectrum, applying a bottom‑up, high‑conviction investment approach. It is made up of 18 people with over 100 years of combined investment experience and is broadly organised into two specialist investment pods: Materials and Energy / Energy Transition. The investment team includes 11 portfolio managers and analysts. Within this group, five cover mining and gold, two are dedicated to agriculture, and four cover energy and new energy. Portfolio managers are responsible for both fundamental research and portfolio management, supported by analysts who contribute investment ideas, company research and sector insight. Four of the team's portfolio managers have technical backgrounds or relevant industry experience, which is important in natural resources investing, where differentiated views often depend on understanding geology, project quality, reserve life, capital intensity, cost curves, permitting, operational execution and commodity‑cycle dynamics. The team is supported by significant dedicated non‑investor and portfolio management resources, allowing portfolio managers and analysts to remain focused on research, portfolio management and investment debate. These include nine product strategists responsible for client queries and investment communications, a business manager focused on team management priorities and operating discipline, a core portfolio management function that supports the operational aspects of portfolio implementation and oversight, and a portfolio management assistant who provides administrative support to the whole team. The team also benefits from BlackRock's broader Fundamental Equities platform, including risk management, trading, corporate access, technology and global research resources.
About this Role
We are seeking a Research Analyst to cover the mining and gold sector within the Materials pod. This individual will be responsible for developing differentiated investment views and generating high‑conviction ideas that directly inform portfolio investment. The role requires a combination of technical domain expertise and rigorous financial analysis and modelling skills, alongside the ability to influence decisions in a collaborative, debate‑driven environment.
Key Responsibilities
- Generate high‑conviction investment ideas within mining and gold sectors, with clear portfolio relevance
- Own end‑to‑end fundamental research: company analysis, valuation, and investment recommendations
- Build and maintain robust, decision‑grade financial models grounded in clear assumptions and logical frameworks
- Develop differentiated views by identifying key value drivers, inflection points, and risks
- Monitor holdings and update investment theses with speed and discipline
- Partner closely with portfolio managers on position sizing, timing, and portfolio construction
- Contribute to team discussions, articulating investment arguments in a logical and consistent manner and shaping sector views and broader investment strategy
- Work with AI tools to enhance company and commodity analysis and investment decision‑making
Knowledge/Experience
Domain & Technical Expertise
- Strong financial modelling and valuation capability. Academic background and industry experience as a geologist or mining engineer required.
Investment Judgment
- Demonstrated ability to form independent, evidence‑based views in complex environments
- Track record (or clear potential) in generating actionable investment ideas and originating investment ideas across the market cap spectrum.
Analytical & Intellectual Profile
- Strong academic foundation with evidence of analytical rigour and structured thinking
- Ability to distil complexity and focus on key drivers of value
Working Style
- Clear, concise communicator able to articulate investment views with conviction
- Collaborative and effective in a high‑performance, debate‑oriented team
- High levels of curiosity, ownership, and learning agility
Additional
- 5‑12 years of relevant experience
- Combination of mining industry and buy‑side experience (public or private equity) preferred
- CFA or equivalent beneficial
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.
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.
