Associate, Fixed Income 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’s 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’s risk managers play a meaningful role in BlackRock’s investment process, using quantitative analysis and a multi-disciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process.

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 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.

Fixed Income Investment Risk Management

You will be a risk manager as part of RQA fixed income investment risk, which oversees BlackRock’s $1trillion active fixed income investment platform including Multi-sector fixed income, Credit, Securitized, Financial Institutions and Muni business. You will work with other fixed income investment risk managers to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction, product design and investor engagement.

Key Responsibilities:

The RQA fixed income risk team is seeking a candidate with fixed income risk management experience to support the risk management efforts of our US active fixed income investment platform. Responsibilities include both day-to-day risk management and contribution to strategic projects to enhance risk and portfolio management processes.

• Work with senior risk managers to provide risk oversight and risk management support to fixed income investment teams.
• Provide independent, constructive challenge of portfolio risk taking, exposure, portfolio construction and performance analysis.
• Provide day-to-day risk management to portfolio managers. Conduct regular risk meetings with analyses and deep dives on risk and performance to portfolio management teams.
• Perform quantitative analysis to help investors understand risk analytics, risk models, performance attribution and help improve investment process.
• Partner with BlackRock Aladdin risk modeling team to deliver state-of-the-practice risk analytics and credit risk models through the Aladdin platform.
• Work with RQA and Aladdin technology teams to improve risk reporting infrastructure.
• Collaborate with peers in RQA investment risk and enterprise risk, help mentor junior team members.

Qualifications:

• Advanced degree in a quantitative discipline and 3+ years of work experience in fixed income markets
• Strong knowledge of fixed income market, investment, and risk management for buy-side fixed income portfolio management.
• Deep understanding of fixed income risk models and risk analytics, ability to work with risk modelers to enhance risk models based on risk and investment needs.
• Excellent interpersonal, leadership and oral/written communication skills. Ability to communicate, influence and engage with portfolio managers on risk discussions.
• Strong technical skills and programming skills in Python, familiarity with BlackRock’s Aladdin risk system is a strong plus.
• A strong work ethic and ability to work effectively in a team environment and adhere to tight deadlines.

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . 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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

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.