Our 10-week Summer Analyst Program is designed to provide students a challenging, meaningful and supportive internship experience that replicates as closely as possible the experience of being a full-time BlackRock analyst. Summer Analyst orientation offers a thorough overview of the firm and the opportunity to hear from a number of senior leaders. Following orientation, interns receive on-the-job training and are given day-to-day responsibilities to contribute to assigned teams throughout the summer. The program also includes a portfolio challenge, innovation challenge (Hackathon), mentoring, and networking opportunities. The campus recruiting team also partners very closely with the Women’s Initiative, Multi-Cultural, OUT, and Veteran’s Networks to ensure the summer analysts can learn and interact with our employee networks.

The firm is highly committed to the summer analyst program and look to the summer internship as the main pipeline into the Analyst Program.

Important: Candidates may apply for a maximum of two positions per year and choose alternate regions for each role. If you withdraw your application, you will not be able to submit an application for a different role.

Also, once you submit your application you will immediately be invited to submit a Virtual Cover Letter and/or take a CodeVue assessment depending on the vacancy or vacancies you apply to. Please know, your application will not be complete until you submit your cover letter and/or CodeVue assessment so be sure to read all of the instructions when you receive the invite email.

The Risk and Quantitative Analysis (RQA) group develops and delivers tailored advice, risk management and investment system services to governments, corporations and many of the world’s largest investors. The RQA team promotes BlackRock as a leader in risk management by providing top-down and bottom-up oversight to help identify investment, counterparty, operational, regulatory and technology risks. In addition to producing quantitative analysis to support BlackRock in managing its fiduciary and enterprise risks, RQA ensures that portfolio risks are consistent across mandates, reflect current investment themes within particular strategies, and comply with client-specific risk guidelines.

Our team is known for

• Integrity as a fiduciary to clients
• Unbiased insights into Financial Markets and Portfolios
• Critical independent thought leadership
• Partnering with the global investment teams in constructing portfolios that are consistent with specified risk and performance objectives
• Providing independent risk oversight for senior management of the firm and the board of directors

As an analyst you will

• Apply statistical techniques to real financial data and live portfolios to aid fund managers’ real-time decision making
• Enhance processes and risk analyses to better align risk policies and methodologies with the client’s objectives
• Learn to critique and exercise judgment around analytics, having developed a deep understanding of risk methodologies
• Learn to communicate complex ideas to key stakeholders in a high impact manner
• Facilitate risk and control self-assessments with the business
• Provide independent and consultative risk management services to the business on a range of key projects including risk identification and evaluation of corresponding controls

Teams at a glance RQA’s activities can be divided into four teams:

Investment risk Provides quant analysis on portfolios and markets to inform portfolio construction and risk taking decisions of the portfolio management teams.

Corporate operational risk Identifies risks which directly impact the corporate entity. Responsible for all aspects of operational risk; error investigation, new product risk assessments and development of the operational risk framework.

Technology risk Helps define and oversee BlackRock’s technology controls to protect our clients and the firm. Focuses on key risks such as technology outages, information security breaches and ineffective change management.

Counterparty & concentration risk Focuses on identifying potential counterparty credit risks inherent to BlackRock and its clients. Responsible for assessing, approving and monitoring the creditworthiness of all trading counterparties, as well as analyzing BlackRock’s exposure to these entities.

This program is for candidates in their penultimate year and obtaining their bachelor’s degree or their master’s degree with less than 18 months full time work experience.

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.