Associate, Investment Risk Management
About The Position
About this role The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock's fiduciary and enterprise risks. RQA's mission is to advance the firm's risk management practices and deliver independent risk advice and constructive challenge to drive better business and investment outcomes. RQA's risk managers play a meaningful role in BlackRock's investment process, using quantitative analysis and a multidisciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process. RQA is committed to investing in our people to promote both individual achievement and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion that encourages teamwork, innovation, diversity and the development of future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strengths connect with our purpose. The Role We are seeking an Associate to join RQA's Investment Risk team in New York. This role combines engagement with portfolio managers at the strategy level and oversight of aggregate risk exposures across the BlackRock platform. The successful candidate will partner with senior risk managers, investment professionals, and executives to provide independent challenge, facilitate discussions on portfolio construction, and deliver actionable insights through advanced risk analytics.
Requirements
- 2-5 years of experience in market risk management, portfolio management or quantitative research.
- Degree in quantitative field (mathematics, finance, computer science, engineering, economics, statistics, etc.).
- Strong knowledge of equity markets, portfolio construction techniques, and cross-asset risk frameworks.
- Familiarity with scenario analysis, stress-testing, factor models, performance attribution, and related quantitative tools and methodologies.
- Track record of applying quantitative techniques to solving real-world investment problems.
- Solid coding skills in Python, SQL (experience with other languages a plus).
- An ability to explain complex ideas in simple but impactful terms to influence portfolio construction decisions.
- Passion for financial markets and risk management, with curiosity for new approaches and tools.
- Interest in pursuing FRM or CFA designation (or progress toward certification).
Responsibilities
- Partner with senior risk managers to help ensure that the risks are fully understood by Portfolio Management and are consistent with our clients' objectives and risk constraints.
- Monitor portfolio risks regularly and present analyses on markets, portfolio drivers, and performance attribution.
- Engage with investment managers and senior stakeholders to assess performance outcomes and inform decision-making across strategies.
- Understand how macroeconomic factors drive the investment decision-making process.
- Develop and present impactful analytics and frameworks to explain current platform exposures, how they evolve over time, and their sensitivity to market conditions.
- Partner with BlackRock Solutions to build 'state-of-the-practice' analytics and models through the Aladdin platform.
Benefits
- employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.
- strong retirement plan
- tuition reimbursement
- comprehensive healthcare
- support for working parents
- Flexible Time Off (FTO)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Funds, Trusts, and Other Financial Vehicles
Number of Employees
5,001-10,000 employees
