The Risk and Quantitative Analysis business provides independent oversight of BlackRock’s fiduciary and enterprise risks by crafting and delivering risk management, tailored advice and analytics. We promote BlackRock as a leader in risk management by providing top-down and bottom-up oversight to help identify investment, counterparty, operational, regulatory and technology risks. In addition to producing quantitative analysis to support BlackRock, we ensure portfolio risks are consistent across mandates, reflect current investment themes within particular strategies, and follow client-specific risk guidelines. We also work with other businesses across the organisation to help portfolio managers build risk-aware portfolios and develop analytics used for risk and portfolio management using the capabilities of Aladdin.
Life at BlackRock
Wonder what it’s really like to work at BlackRock? Our employees from offices all over the world share their thoughts on what makes our culture so special and unlike any other financial services firm – and what’s kept them here.
Our business contains four teams:
Advises investment businesses on portfolio construction, hedging strategies and other quantitative aspects of managing risk and return for portfolios.
Develops expertise in global portfolio management teams' investment process in order to provide quantitative advice and risk oversight.
Helps define and supervise BlackRock’s technology controls to protect our clients and the firm.
Focuses on key risks such as technology outages, information security breaches and ineffective organisational change.
Identifies risks which directly impact the corporate entity.
Responsible for all aspects of operational risk; error investigation, new product risk assessments and development of the operational risk framework.
Includes technology, model, third party, and regulatory risk management.
Counterparty & concentration risk:
Focuses on identifying potential counterparty credit risks inherent to BlackRock and its clients.
Responsible for assessing, approving and supervising the creditworthiness of all trading counterparties, as well as analysing BlackRock’s exposure to these entities.
We partner with:
Internally: BlackRock Portfolio Managers, Trading & Liquidity Strategies, Government Relations, Quantitative Modeling, Portfolio Analytics, Software Engineering, Legal and Compliance, Business Operations, Internal Audit, Finance.
Our team is known for:
Partnering with global portfolio management teams to construct portfolios that are consistent with specified risk and performance objectives.
Maintaining integrity as a fiduciary to clients
Holding unbiased insights into financial markets and portfolios
Providing critical independent thought leadership
Providing independent risk oversight for senior management of the firm and the Board of Directors
Effectively communicating and influencing internal partners to manage risk.
What will you do as an analyst?
Apply statistical techniques to real financial data and live portfolios to aid portfolio managers’ real-time decision making
Learn to critique risk models, using experience and judgment to interpret the output and suggest model improvements
Learn to communicate sophisticated ideas to key partners in a high impact manner
Use R or Python to query data, run statistical analyses, and build data visualisations to optimally communicate insights.
Get a deep understanding of financial markets and portfolio construction.
Provide independent and consultative risk management services on a range of key projects including risk identification and evaluation of corresponding controls.
What capabilities are we looking for?
Intermediate coding & programming skills in R and/or Python
Strong communication skills
Interest in financial markets.
Full-Time Analyst Programme
The Full-Time Analyst Programme is a multi-year experiential journey designed to empower and support Analysts in connecting their personal passions and strengths to BlackRock’s mission, principles and purpose. The program begins with an orientation to learn about our purpose, business and strategic priorities – all while gaining insights into the day-to-day life of an Analyst at BlackRock.
Following orientation, Analysts join their team and stay connected with colleagues across the globe through ongoing training and professional development. This programme offers Analysts the chance to have a lasting impact on the firm and contribute to our greater collective purpose to help more and more people experience financial well-being.
Candidates should have less than 18 months of directly relevant, full-time work experience and be graduating from an undergraduate or master’s degree programme between January 2019 and December 2021.