Multi-Asset Risk Management, Associate

BlackRock•San Francisco, CA

1d•$116,000 - $155,000•Hybrid

About The Position

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock's fiduciary and enterprise risks. Our mission is to advance the firm's risk management practices and to deliver independent risk expertise and constructive challenge to drive better business and investment outcomes. RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which 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. Multi-Asset Risk Management: You will partner with the Multi-Asset Strategies and Solutions (MASS) businesses to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction, performance measurement, and product design, with a focus on model portfolios solutions.

Requirements

Degree in quantitative field such as mathematics, finance, economics, statistics, computer science, or engineering
Approximately 3 years of relevant experience in investment risk management, quantitative analysis, data science, or a related field
A passion for applying quantitative techniques to real-world investment problems, including portfolio risk analysis and understanding financial markets
Proven coding skills in Python, with an enthusiasm for leveraging AI and large language models to accelerate development and enhance productivity
An ability to explain complex ideas in simple but impactful terms
Strong organizational skills with the ability to manage multiple priorities under tight deadlines

Nice To Haves

FRM and/or CFA designation is a plus
Familiarity with multi-asset investment concepts such as asset allocation approaches, diversification, and performance attribution is a plus but not required — candidates with strong quantitative skills from adjacent fields are encouraged to apply

Responsibilities

Partnering with senior risk managers to help ensure that risks in multi-asset portfolios are fully understood and are consistent with clients' objectives and investment constraints
Monitoring portfolio risks on a regular basis and presenting pertinent analyses on markets, portfolio risk, and performance drivers to portfolio management teams and other stakeholders
Applying quantitative techniques — including factor modeling, stress testing, scenario analysis, risk-return attribution and market research — to support portfolio construction and risk management for multi-asset portfolios
Understanding how macroeconomic factors, asset allocation decisions, and diversification dynamics drive investment outcomes across asset classes
Contributing to the development and enhancement of risk tools, analytics, and processes to improve day-to-day risk management and platform oversight
Communicating complex analysis clearly and concisely to portfolio managers and other stakeholders to support better investment decisions