Private Equity & Infrastructure Risk Manager (New York)

Employer
BlackRock
Location
New York, USA
Salary
Competitive
Posted
May 09, 2021
Closes
May 23, 2021
Ref
10955924
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success.

What we do

BlackRock's business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients-period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.

That's why investors of all kinds have made us the world's largest asset manager, entrusting us with trillions of dollars, and its why companies, institutions and global governments come to us for help meeting their biggest financial challenges.

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. The group helps investors / portfolio managers to assess transactions and apply proprietary techniques for portfolio construction. RQA works closely with investors / portfolio managers and business heads daily. The team also provides independent risk oversight for senior management of the firm and the board of directors.

Alternative Investments Risk Management

The BlackRock Alternatives investment team manages over $260 billion in client assets and commitments in portfolios spanning Private Equity, Real Estate, Infrastructure, Private Credit and Hedge Funds. You will be part of RQA Alternative Investments, with initial focus on Private Equity investments (Direct Investments in take-private, LBOs, Growth Equity and Venture Capital), Co-investments and Private Equity Fund of Funds and/or Infrastructure Equity and Debt investments, including Power & Energy Infrastructure, Renewable Power and Emerging Markets Infrastructure investments. The role is based in our New York office.

Key Responsibilities:

The successful candidate will be responsible for the risk management of investment portfolios and the development of state-of-the-art analytical tools. They will also have significant exposure to senior management across the organization. Responsibilities include but are not limited to:

  • Track financial markets and conduct financial, industry, market and economic research to assist in analyzing/assessing value and risk of proposed Private Equity (LBOs, Growth Equity and Venture Capital) and/or Infrastructure Equity and Debt investments and impact to current portfolios.
  • Perform an independent analysis of each transaction, summarize the investment proposals and suggest key business and risk issues to be discussed at investment committees.
  • Apply quantitative methods to validate and enhance investment underwriting assumptions and establish investment sensitivities and correlations to primary market and economic factors such as interest rates, FX, growth rates, inflation, etc.
  • Work with senior investment risk managers, investors and technology partners to ensure continued integration of ESG risks as a key consideration of investment decision making and ongoing portfolio management.
  • Analyze FX, IR, power hedging proposals, monitor exposures and assess hedge effectiveness
  • Perform financial statement analysis, corporate financial modeling and enterprise valuation reviews of proposed or existing assets and work with the deal teams to develop reasonable downside cases / sensitivity analysis on each proposed investment.
  • Create bottoms-up financial models to stress investments and forecast fund performance under different scenarios. Conduct benchmark and peer analysis on funds and portfolio companies, track financial performance and deviations from investment case / expectations.
  • Review, challenge and provide feedback on quarterly enterprise valuations of private companies.
  • Monitor performance of portfolio companies and assign risk/return ratings
  • Prepare portfolio risk reviews identifying material risks, presenting stress test results, setting action plans, proposing means to improve portfolio risk/return, and providing ad hoc analysis on portfolio construction.
  • Develop insightful analytics and proprietary techniques for risk, performance measurement and performance attribution for Private Assets. Collaborate with the investment and technology teams to implement enhancements.
  • Work alongside the Senior Investment Risk manager and deal teams throughout the origination and underwriting of new investments, providing independent perspectives on proposed investments and ensuring that the risks are fully identified and reflected in the investment assumptions / projections.
  • Liaise with legal, compliance and investment teams to perform reputational risk, sanctions and financial crimes review of proposed investments.
  • Assist in product development reviewing and providing feedback on the risk considerations of new funds / structures and separate management account mandates.


Qualifications:
  • 3 to 7 years of Banking or Asset Management experience (Equity/Credit Research Analyst / Associate, Corporate Credit, Project Finance, Private Equity, Infrastructure, Special Situations, Private Markets / Illiquid Investment Risk Management)
  • Investment Banking or Credit Analyst/Associate Training Program
  • Strong knowledge of markets, financial statements analysis, corporate finance modeling, portfolio construction and enterprise valuation techniques
  • Robust quantitative skills along with demonstrated analytical ability with experience manipulating and drawing conclusions on large sets of data.
  • Experience programming in Visual Basic, R, Python, or Matlab is a plus
  • Experience with Capital IQ, Factset, Bloomberg, Thompson Reuters, Preqin, Burgiss, eFront preferred
  • Undergraduate or Graduate degree in an analytical, financial and or technical major (e.g. economics, finance, mathematics, statistics, engineering, computer science, etc.)
  • GARP, PRMIA, CAIA, Chartered Financial Analyst (CFA) designation is a plus


Competencies:
  • Strong communication and presentation skills (verbal and written).
  • Attention to detail, a strong work ethic and ability to work as part of a team in a fast-paced environment
  • Be highly organized and proactively respond to the needs of the business, often under tight deadlines
  • Self-starter with high level of self-motivation
  • High ethical standards, demonstrable integrity and a commitment to doing the right thing
  • Organized and able to adhere to tight deadlines


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

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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