About this role
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.
AI Labs Overview
Since our founding over 30 years ago, BlackRock has brought together great minds to drive innovation. From the beginning, we have been demonstrating technology for insight and efficiency to make our business better and to help clients realize the objectives they desire. BlackRock manages ~$10+ trillion in assets on behalf of investors worldwide. As such, there is a rich problem space for data scientists and engineers across all areas of the business including investments, sales, marketing, operations, product, UX, etc. and the potential to have large scale impact. In 2018 BlackRock accelerated innovation and technology again with additional investment in artificial intelligence and data science and all the potential they represent.
The AI Labs was formed to act as a central hub with a firm-wide remit to solve strategic business challenges for the firm by bringing to bear our expertise in machine learning, artificial intelligence, data science and optimization. Our mission is to combine human and machine intelligence to revolutionize asset management. The team is led by Dr. Rachel Schutt, and co-head Professor Stephen Boyd, Samsung Professor of Engineering at Stanford.
We are a hybrid research and product team and have a responsibility to drive towards commercial impact in the form of alpha generation, operational efficiencies, and cost reduction. Building on the success of systematic investment teams with a history of demonstrating machine learning at BlackRock to create alpha, the goal was to apply these same techniques throughout the business.
The team has grown to 75+ data scientists and engineers. Working collaboratively, the team is multi-disciplinary with the following skills and capabilities: machine learning, optimization, statistical modeling, signal detection, natural language processing, data visualization, generative AI, network/graph modeling, ETL, data pipelines, data architecture, ML engineering, communication, product management and strategy. We work with data from a wide variety of sources including text, news feeds, financial reports, time series transactions, user behavior logs, and real-time data.
AI Labs has offices in New York, Palo Alto, Edinburgh, San Francisco, Atlanta and Gurgaon. The team has several Stanford professors as senior advisors with world-class expertise in machine learning, statistics, optimization and stochastic control. These advisors include Stephen Boyd, Emanuel Candes, Trevor Hastie, and Mykel Kochenderfer who dedicate time in our Palo Alto office and provide advice and guidance for the team.
We are looking for candidates with unique backgrounds and diverse skill sets with fresh perspectives to accelerate and amplify our efforts to make an impact at BlackRock. AI Labs aims to bring best of class technologies, analytics, and insights to the entirety of the firm and to our clients utilizing data from a wide variety of sources including text, news feeds, financial reports, time series transactions, logs, imagery, and real-time data.
In this role, you can expect to:
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Design and deliver secure and scalable solutions to enable the rapid delivery of machine learning products to production environments
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Continuously improve existing products, tools, and services, by maintaining close relationships with data scientists, researchers, and other BlackRock users
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Write quality maintainable code that is comprehensively tested and fit for the intended objective
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Provide ongoing maintenance and support for internal AI tools and services, including troubleshooting and resolution of production incidents
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Advise data scientists and researchers on product architecture and system design, and collaborate on complex deliverables
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Participate in team agile processes, and proactively contribute to team culture
The minimum requirements for this position are:
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4+ year experience shipping code to production environments
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Strong programming language skills in Python and SQL
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Experience building cloud native applications
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Great problem-solving and communication skills
Knowledge and experience we are looking for includes:
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DevOps automation, idempotent deployment testing, and continuous delivery pipelines
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Networking and security protocols, load balancers, API Gateways
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ETL tooling and workflow engines (e.g., Spark, Airflow, Dagster, Flyte)
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Accelerated compute libraries and hardware (e.g. pytorch, NVIDIA GPUs)
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Data modeling, and strategies for cleaning and validating data at scale
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Performance tuning on RDBMS or Big Data tools for row- and column-oriented use-cases
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Telemetry and related tools (metrics, event logging, tracing, etc.)
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Ability to traverse full stack
For New York City only: The salary range for this position is $157,500 - $214,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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 | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
Top Skills
What We Do
BlackRock is a global asset manager. We help investors build better financial futures. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. Our founding mission was to establish a firm that thinks differently about managing investment risks to best serve our clients, and this is still at our core today.
We challenge businesses to reach higher standards. We use technology to think beyond what’s possible. We provide investment solutions for every need. We aim to simplify a complex world. We help chart paths towards financial health. We are BlackRock, and we are invested in your financial well-being.
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