Private Credit Investment Risk Associate

About this role

Business Overview (standard language)

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.

AlternativesRisk Management

You will partner with the Global Private Credit investment team to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction, product design and investor engagement. You will join a team of Alternative Investments risk managers focusing on BlackRock’s successful and growing array of alternative investing strategies.

Key Responsibilities:

The RQA Private Credit team is seeking a candidate with risk management or portfolio management experience (with an emphasis on illiquid private credit), to support risk management efforts of our ~$85B Global Private Debt platform. Responsibilities include, but are not limited to, daily risk management and oversight and contribution to long term, strategic projects to enhance risk and portfolio management processes.

• Partner with investment teams and businesses to ensure that risks are fully understood, consistent with client objectives and constraints, and appropriately mitigated. 
• Work with senior risk managers to promote rigorous governance and oversight environment to responsibly invest client capital.
• Interact regularly with investment teams to understand trends and evolving risks within the portfolios and develop appropriate responses.
• Explain complex ideas in simple but impactful terms in order to influence portfolio construction decisions
• Perform market analysis and conduct portfolio reviews alongside senior risk managers and the investment teams to ensure a thorough evaluation of portfolio risk. 
• Review portfolio and business performance against objectives and relative to benchmarks or comparable peers. Employ a creative approach to risk management, modeling and scenario analysis.
• Review new investment memos, posing thoughtful questions and constructively challenging such new investments.
• Work with senior risk managers and investment teams to design and implement appropriate analytical tools and reports to effectively monitor risk, communicate changes in risk appetite, and enhance decision making.
• Perform ad-hoc reporting and analyses to help address the real-time asks of senior members of the team.

Qualifications:

• Bachelor’s degree in analytical, financial or technical major; master’s degree preferred
• 3-6 years of demonstrated experience in risk management, research, portfolio management with private credit or leveraged finance preferred.
• Previous experience with leveraged lending, private debt/loans, including commercial banking, middle market direct lending or credit hedge funds required
• Strong analytical skills, attention to detail, a strong work ethic and ability to work as a team and adhere to tight deadlines
• Ability to work autonomously as well as part of a team and collaborate with team members across BlackRock’s global locations
• Demonstrated understanding of risk management including modeling techniques and innovative approaches to solving risk/portfolio management questions.
• Outstanding interpersonal, leadership and oral/written communication skills; ability to communicate quantitative and market concepts succinctly are a must.
• Programming skills in any language; Python, R, and/or SQL is preferred
• GARP, PRMIA, Chartered Financial Analyst (CFA) designation is a plus (or interest in pursuing such certification)

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.