Vice President, Multi Asset Risk Manager

About this role

Understanding and managing risk is the cornerstone of BlackRock’s approach to responsible investing. 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 challenges to drive better business and investment outcomes. RQA promotes BlackRock as a leader in risk management by providing independent top-down and bottom-up oversight to help identify investment, counterparty, operational, regulatory, technology, and third-party risks.

RQA is committed to investing in our people to increase both individual enablement and a strong collaborative environment. As a global group located all around the world, our goal is to create a culture of inclusion which encourages teamwork, innovation, diversity, and the development of our 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 businesses to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction and performance measurement, with a focus on retirement solutions.

Key Responsibilities

• Daily risk management and oversight of multi-asset portfolios, ensuring risks are fully understood by RQA, portfolio managers and key stakeholders

• Ensure risk taking is consistent with client objectives by understanding portfolio construction, risk attribution and designing appropriate stress/scenario analyses
• Communicate effectively and provide constructive challenge and clear recommendations to decision makers to influence portfolio construction and drive better investment decisions
• Think strategically about how to improve the impactfulness of our engagement with portfolio managers through providing unique perspectives and special analysis
• Contribute to the design and implementation of state-of-the-art risk tools for day-to-day risk management and longer-term strategic projects to enhance risk and portfolio management processes and platform oversight
• Review the design and structure of new investment product proposals with a focus on improving resiliency and performance, reducing complexity, and maximizing the chances of delivering on client objectives
• Work collaboratively with peers across RQA and mentor junior risk managers

Qualifications

• Degree in a quantitative field, e.g., mathematics, computer science, economics, engineering; Master’s level degree and/or CFA or FRM preferred  
• 5+ years of previous work experience at an asset management company with a breadth of knowledge and experience in investment risk management
• Ability to demonstrate strong understanding of the multi-asset investment landscape, including asset allocation approaches and common pitfalls, the role of diversification and how to identify areas of concentration in a portfolio, and how to properly attribute performance of multi-layered investment decisions in a fund-of-funds structure
• A love of models, an understanding of their limitations and a desire to improve them
• Experience programming in coding financial models in Python
• Strong written/oral communication and interpersonal skills with the ability to build relationships across all areas of the business
• Demonstrated ability to independently run and plan for regular investment risk meetings with senior portfolio managers
• Highly organized, ability to proactively respond under tight deadlines

For New York, NY Only the salary range for this position is USD$155,000.00 - USD$210,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

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.