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Vice President/Director, Private Credit Risk Manager (Santa Monica, CA)

Company: BlackRock
Location: Los Angeles
Posted on: September 17, 2020

Job Description:

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 it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges.

Description About this role

The Risk & Quantitative Analysis (RQA) group performs the risk management activities and quantitative analysis functions at BlackRock. RQA’s principal responsibility is to ensure that the risks in the portfolios managed by BlackRock are fully understood by our portfolio managers and consistent with our client’s objectives; and to know the risks by thoroughly understanding the investments and providing the best analytics and tools.

The group helps portfolio managers apply...

Description About this role

The Risk & Quantitative Analysis (RQA) group performs the risk management activities and quantitative analysis functions at BlackRock. RQA’s principal responsibility is to ensure that the risks in the portfolios managed by BlackRock are fully understood by our portfolio managers and consistent with our client’s objectives; and to know the risks by thoroughly understanding the investments and providing the best analytics and tools.

The group helps portfolio managers apply proprietary techniques for portfolio construction. RQA also partners with BlackRock Solutions to build “state-of-the-practice” risk analytics that are practical to use. As well as investment risk, RQA assists BlackRock in identifying and managing operational, regulatory and counterparty risk throughout the firm. RQA team members are charged with solving real world problems in the investment management process working under the direction of senior risk managers.

RQA is seeking a candidate with senior risk management experience, with an emphasis on illiquid private credit or /private equity investments, to support risk management efforts of our $20B Global Private Credit platform. The position is based in Santa Monica, CA.

Responsibilities:

Working with senior risk managers to help ensure that the risks are fully understood by Portfolio Management and are consistent with our client's objectives and risk constraints

Promoting a rigorous governance and oversight environment to responsibly invest client capital

Interacting regularly with investment teams to understand and convey trends and evolving risks within the portfolios and develop appropriate responses. Performing market analysis and conducting portfolio reviews alongside senior risk managers and the investment teams to ensure a detailed evaluation of portfolio risk

Knowing the investment risks by thoroughly understanding all investments and assessing changing market conditions that may impact long-term returns

Build, produce and deliver Supporting the creation, production and delivery of supervisory and managerial reports pertaining to risk management and performance attribution

Escalate risks to senior leaders within RQA and business divisions to ensure transparency and appropriate information so coordinated action can be taken as needed

Reviewing portfolio and business performance against objectives and relative to benchmarks or comparable peers. Employing a creative approach to risk management, modeling and scenario analysis. and modeling techniques

Reviewing new investment memos, posing thoughtful questions and constructively challenging all new investments

Working with other senior risk managers and each investment team to craft and implement appropriate analytical tools and reports to optimally monitor risk, communicate changes in risk appetite, and improve decision making

Performing ad-hoc reporting and analyses to help address real-time demands of senior members of the team

Qualifications:

BA/BS in an analytical, financial or technical major; master’s degree preferred

Demonstrated experience as a risk manager / research analyst / portfolio manager within the financial services industry

Previous experience with analyzing private debt/loans, including commercial banking, credit hedge funds or middle market direct lending, or credit hedge funds preferred is required

Strong analytical skills, attention to detail, a strong worth ethic and ability to work as a team and adhere to tight deadlines

Ability to build relationships across BlackRock and externally is required

Demonstrated understanding of risk management including modeling techniques and innovative ways to solving risk/portfolio management questions

•Outstanding interpersonal, leadership and oral/written communication skills; ability to communicate quantitative and markets concepts succinctly are a must

Programming skills in Excel, VBA, Python, /R, and/or SQL

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | 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.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.

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.

“What surprised me the most about BlackRock was the emphasis on the client—and how much that framed every discussion about everything.”

As a people-centric business, our long-term sustainability depends on our employees and culture. We have nearly 16,000 employees in 30 different countries who speak more than 100 languages. We also serve millions of clients from different cultures around the world. We believe a wide range of perspectives and talent is crucial to creating a richer culture for our employees and a better experience for our clients.

How we typically hire experienced professionals BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer. We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEO is the Law poster and its supplement , and the pay transparency policy .

BlackRock is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to Disability.Assistance@blackrock.com and let us know the nature of your request and your contact information.

Keywords: BlackRock, Los Angeles , Vice President/Director, Private Credit Risk Manager (Santa Monica, CA), Other , Los Angeles, California

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