Associate, Data Manager, Risk Management

Employer
BlackRock
Location
New York, USA
Salary
Competitive
Posted
May 26, 2022
Closes
Jun 10, 2022
Ref
15070165
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

Business Overview

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock's fiduciary and enterprise risks. RQA's principal objectives are 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 skills to tackle real-world problems and provide tangible solutions in the investment management process.

RQA is committed to investing in our people to increase individual enablement and ultimately build a stronger team. Our goal is to create a culture of inclusion which encourages collaboration, 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 strength connect with our purpose.

Alternative Investment Risk Management

BlackRock Alternatives Investors (BAI) manages over $300 billion invested in portfolios spanning Hedge Funds and Fund of Funds, Private Equity, Private Credit, Real Estate, and Infrastructure. The Data Manager will sit within the RQA team that covers BAI and develop data management infrastructure to efficiently collect, store, and process data by migrating current processes to an integrated database system. The ideal candidate will have a strong computer science background with an understanding of the approaches used to design and risk-manage Alternative portfolios.

What the RQA group at BlackRock has:
  • The opportunity to provide real world solutions that help preserve and protect the hopes and dreams of (truly) billions of people around the world
  • A team of outstanding risk managers and quants partnering with portfolio management teams to oversee our clients' portfolios
  • Global colleagues with subject matter expertise in investing, macroeconomics, financial modeling and strategy


Key Responsibilities

The successful candidate will be responsible for the development of state-of-the art analytical tools to provide scale and insight to senior management across the organization (note: this is not a data scientist position). They will also have significant exposure to senior management across the organization. Responsibilities include but are not limited to the following:
  • Working with senior risk managers to understand existing data sources, types, and storage mechanisms.
  • Developing systems for uploading, managing, integrating, and storing data pertaining to Alternative investments to calculate concentrations, perform stress tests, and track investment performance.
  • Supporting the creation, production and delivery of supervisory, managerial, and regulatory reports pertaining to risk management and performance attribution.
  • Develop dashboards to help senior risk managers ensure that the risks are fully understood by Portfolio Management and are consistent with our client's objectives and risk constraints.
  • Performing ad-hoc reporting and analyses to help address real-time demands of senior members of the team.
  • Partnering with BlackRock Solutions and the Performance Analytics Group to integrate best practices, existing risk tools, and Aladdin data with Alternatives investment processes and data.
  • Liaise with other BlackRock technology groups to understand existing tools and best practices for data management and analysis.
  • Data mine and apply statistical techniques to analyze portfolio risk taking and discover investment insights.


Qualifications
  • Strong analytical skills, attention to detail, a strong work ethic, and ability to work as part of a team in a fast-paced environment.
  • An undergraduate or graduate degree in computer science or a related discipline with a demonstrated ability to collect, organize, and analyze disparate data types. Experience in risk database construction.
  • Demonstrate an interest in financial markets and be inquisitive about the application of analytical techniques to understand and improve them. Investment risk management or financial services industry experience preferred.
  • Display strong written/oral communication and outstanding interpersonal skills.
  • Have significant experience working with SQL, Python, Matlab, or R (Python experience preferred). Experience utilizing Snowflake, Tableau, Power BI, or other visualization software preferred.
  • Be highly organized and proactively respond to the needs of the business, often under tight deadlines.
  • Bring new ideas to the team and apply innovation to enhance all aspects of the role.


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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