Director, Market Risk Management Director, Market Risk Management …

in New York, NY
Permanent, Full time
Last application, 07 May 21
in New York, NY
Permanent, Full time
Last application, 07 May 21
Director, Market Risk Management

About this role

Business Overview

BlackRock's Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock's fiduciary and enterprise risks. RQA Investment Risk's principal responsibility is to ensure that the risks in BlackRock's portfolios are fully understood by our portfolio managers and senior management and are consistent with clients' objectives. We also help build "state-of-the-practice" quantitative models and analytics that help inform risk taking and portfolio construction across the firm. RQA team members tackle real-world problems, using quantitative analysis and a multi-disciplinary skillset to provide tangible solutions in the investment management process.

Fundamental Active Equity Risk Management

Our fundamental active equity investment strategies leverage BlackRock's resources in efforts to meet client demands for higher alpha and outcome-oriented strategies. Each of our fundamental strategies focuses on company-specific research that's driven by human insight and improved by innovative technologies. You will partner with the portfolio management teams to monitor investment risk of portfolios.

Key Responsibilities:

We are currently looking for an experienced candidate with strong quantitative and communication skills to join RQA's Investment Risk Team to help manage risk for the Fundamental Active Equity platform in New York. Responsibilities include but are not limited to taking a lead role in facilitating discussions with portfolio managers on all aspects of the portfolio construction process, working with portfolio managers to understand the exposures and risks taken, and providing the necessary risk oversight by ensuring that senior management is advised of risks.

Specific Responsibilities Include:
  • Partnering 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
  • Knowing the investment risks by thoroughly understanding all investments and trades
  • Regularly monitoring risks in the portfolios and presenting pertinent analyses on markets, portfolio risk and performance drivers to portfolio management teams
  • Understanding how macroeconomic factors drive the investment decision-making process
  • Helping portfolio managers with portfolio construction and scenario analysis
  • Helping to define the analytical and risk management's development needs for adequately monitoring risks
  • Partner with other groups within BlackRock (Portfolio Analytics Group, Financial Modeling Group etc.) in developing new and improving existing analytics and quantitative models

  • 10-15 years of demonstrated experience in risk management, research, or portfolio management
  • Ability to explain complex ideas in simple but impactful terms in order to influence portfolio construction decisions
  • Passion for applying quantitative techniques to real-world problems including analyzing portfolio risk taking and understanding financial markets
  • Proven understanding of equity markets and portfolio construction techniques
  • Extensive experience with scenario analysis, stress-testing, equity risk factor models, performance attribution, and other risk-related metrics and tools
  • An advanced degree in mathematics, quantitative finance, computer science, economics, statistics, engineering or another quantitative field
  • Proven coding skills, i.e. Python, R etc.
  • GARP, PRMIA, Chartered Financial Analyst (CFA) designation is a plus

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.

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 |  | Instagram:  @blackrock | Twitter: @blackrock  | LinkedIn:

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.
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