Aladdin Financial Engineering – London (Modelling & Research Summer Intern)

**Role Description** The Aladdin Financial Engineering (AFE) team is responsible for the research and development of financial models underpinning the risk management analytics produced at BlackRock. The group also contributes to the infrastructure and software responsible for the production of analytics and the delivery of analytic content to portfolio and risk management professionals both within and outside BlackRock. Given the diversity of business objectives among Aladdin clients and within BlackRock itself the models developed and supported span a wide array of financial products, ranging from equity to fixed income and alternatives. In addition, members seek to provide analysis and insight on many different levels from analysis of single name securities to the overall financial risk associated with an entire portfolio. There is an opportunity to join the internship program within the Modelling & Research team in AFE to contribute to the effort in building and maintaining of Aladdin risk models. These models are used to provide risk oversight on investment strategies and are also deployed for portfolio construction purposes. This internship opportunity will focus on equity risk models. This role also offers the opportunity to contribute directly to the team’s AI efforts, such as applying AI and automation to modernize and scale current workflows. **Job Responsibilities** The candidate will be performing duties related to all aspects of portfolio risk model development: * Researching, designing, and back-testing new risk models using Python infrastructure * Collaborating with software developers to test and release new models into production * Supporting existing risk models in production * Maintaining and extending research framework * Investigating and resolving client queries relating to model methodology and functionality * Developing and enhancing back-testing, validation, and quality-control frameworks * Contributing to the team’s AI efforts **Key Skills & Qualifications** * Undergraduate or master’s students graduating in 2028 in a technical field (Mathematics, Statistics, Physics, Econometrics, Finance, Computer Science and/or Engineering) * Strong programming skills and experience using Python; knowledge in Unix/Linux; Git is a plus * Strong knowledge of financial, mathematical, and statistical theory * Strong interest in financial markets * Strong oral and written (English language) communication skills that enable complex ideas to be readily understood by team members and clients * Enthusiasm, flexibility, and maturity to adapt to the needs of a dynamic group and deliver within strict time frames * Interest in portfolio risk modelling and equities * Strong problem-solving skills with high attention to detail **About the Programme** Our Summer Internship Programme is an eight-week internship taking place June through August. This programme is designed to provide students with a challenging, meaningful and supportive internship experience that replicates, as closely as possible, the experience of being a full-time BlackRock Analyst. The programme begins with an orientation that 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 their teams throughout the summer. Programming also features a speaker series, mentoring and various networking opportunities, including activities with our employee networks. If you enjoy this programme, you should explore our Full-Time Analyst Programme, which you can consider applying to after your internship. **Who can apply:** Candidates should be in their penultimate year of studies and graduating from an undergraduate or a master’s degree program in 2028. **Next steps:** Once you submit your application, you will receive an email to complete a pre-interview assessment. You have up to five days to submit your pre-interview assessment; if you fail to do so, your application will be automatically withdrawn. **Application Deadline:** 13 November 2026, but applications are reviewed on a rolling basis. **How to Apply** Apply via Our Careers Page and select: * Business Area: Technology * Business Function: Data Analytics & Modelling * City: London