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

As a Vice President, Multi Asset Risk Manager, 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

Key Skills/Competency

• Multi-Asset Risk Management
• Quantitative Analysis
• Portfolio Construction
• Risk Attribution
• Stress Testing
• Scenario Analysis
• Python Programming
• Financial Modeling
• Investment Oversight
• Stakeholder Communication