Active Equity Investment Risk Manager, Associate

Title: Active Equity Investment Risk, Associate

Job Description

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 deliver independent risk advice 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 promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which encourages teamwork, innovation and the development of 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. 

Active Equity Risk Management

You will partner with the Active Equity portfolio management teams to monitor investment risk of portfolios. We are looking for a candidate with strong quantitative and communication skills to help manage risk for the Fundamental Active Equity platform in London. Responsibilities include but are not limited to facilitating discussions with portfolio managers on aspects of the portfolio construction process, working with portfolio managers to understand the exposures and risks taken, and providing the necessary risk oversight by ensuring that senior management is apprised of risks.

Key Responsibilities:

• Partnering with senior risk managers to help ensure that the risks are fully understood by Portfolio Management and are consistent with our clients’ objectives and risk constraints

• Understanding the investment risks by thoroughly analysing all investments 

• Regularly monitoring risks in the portfolios and presenting pertinent analyses on markets, portfolio risk, and performance drivers to portfolio management teams

• Understanding how macroeconomic factors drive the investment decision-making process

• Assisting portfolio managers with portfolio construction and scenario analysis

• Helping to define the analytical and risk management development needs for adequately monitoring risks

Knowledge / Experience Required:

• 3+ years of industry experience in risk management, research, or portfolio management

• An ability to explain complex ideas in simple but impactful terms to influence portfolio construction decisions

• A passion for applying quantitative techniques to real-world problems, including analysing portfolio risk-taking and understanding financial markets

• Strong knowledge of equity markets and portfolio construction techniques

• Experience with scenario analysis, stress-testing, equity risk factor models, performance attribution, and other risk-related metrics and tools

• Broad markets and analytics knowledge encompassing equities and other asset classes

Skills / Qualifications Required:

• A degree in mathematics, quantitative finance, computer science, economics, statistics, engineering, or another quantitative discipline

• Solid coding skills in Python, SQL, etc.

• GARP, PRMIA, Chartered Financial Analyst (CFA) designation is a plus