Fund Risk Manager

About this role

Job title: Fund Risk Manager, Associate

Business Overview

The 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.  In the course of executing this mission, RQA provides quantitative analysis to many of BlackRock’s businesses and helps promote the spread of best practices across the firm.

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.

BlackRock Asset Management Ireland Limited (“BAMIL”) is BlackRock’s Irish Asset Management entity and the largest Management Company in Europe with over $1 trillion assets under management, authorized by the CBI, managing UCITS and AIFs. The entity is seeking to hire a Risk Manager based in Dublin.

The Risk Manager, together with the assistance of the local risk team and the broader global Risk and Quantitative Analysis group, will be responsible for ensuring that all applicable risks pertaining to the company and its clients’ funds are monitored and managed at all times. The candidate will work closely with regional RQA team leaders, regional control function heads, as well as the Chief Risk Officer for BAMIL.  

Responsibilities:

• Assist the Designated Person for Fund Risk Management in maintaining an effective risk management framework within BAMIL to ensure compliance with regulatory requirements as set out in the UCITS, AIFMD and local regulations. This includes coverage of all aspects of investment risk, liquidity risk, counterparty risk and corporate risk.

• Produce and interpret analytics to help identify and measure the sources of portfolio risk and return.

• Assist in the implementation and maintenance of local risk management policies and procedures, together with adequate risk management systems, to identify, measure, manage and monitor risks appropriately, on an on-going basis.

• Support and quality control of risk data and reporting to the Board of Directors of BAMIL on risk exceptions and any actions required to address risk issues.

• Assist senior risk managers with ad-hoc or routine portfolio risk analyses.

• As a member of the global RQA function, participation in global and/or regional risk management initiatives.

Qualifications:

• Minimum of 3 years’ experience in the financial industry, preferably in an investment/market risk or risk reporting capacity.  Experience within asset management is preferred but not essential.

• The preferred candidate would be able demonstrate a working knowledge of investment risk, counterparty risk or be competent in the understanding of the UCITS and AIFMD requirements.

• A passion for problem solving, a working knowledge of risk models such as market risk and liquidity risk and an interest in being a persistent student of the financial markets.

• An ability to explain complex ideas in simple but impactful terms and proven ability to use effective communication to influence outcomes.

• Excellent analytical skills and attention to detail, a strong work ethic and ability to work both independently and as part of a team.

• Ability to effectively work with advanced Excel features, Power BI and/or coding in Python are a positive for the role.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.