Beta Equity Risk Manager
BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions -- from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
Business Unit Overview:
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 create "state-of-the-practice" risk analytics that are practical to use and assists BlackRock in identifying and managing operational risk throughout the firm. RQA team members will be charged with solving real world problems in the investment management process working under the direction of senior risk managers.
Job Purpose/Background:
We are currently looking for a candidate with very solid quantitative and communication skills to join RQA's Beta Risk management team to manage Beta Equity risk in EMEA. Responsibilities include but are not limited to taking a leadership role in facilitating discussions with portfolio managers on all aspects of the portfolio construction process, working with portfolio managers and others in RQA to understand different risks in the market and exposures to them, leading research projects and presenting analysis to the global Beta equity portfolio management team. RQA is also responsible for risk oversight and helping the firm manage risk by assuring that senior management is apprised of risks across Beta Equity book of business.
The purpose of this role is also to ensure that Beta portfolios, both iShares and institutional funds, are adequately managed and to assist portfolio managers in improving the portfolio construction process.
Key Responsibilities:
- The principal responsibilities of the Beta Equity Risk Manager:
- Take an active role in and be accountable for identifying, measuring and communicating to senior management the market and non-market risks that BlackRock and our clients are exposed to
- 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.
- Understanding the factors impacting the equity index and multi-asset Beta portfolios and managing those risks.
- Helping portfolio managers apply proprietary techniques for portfolio construction and fund rebalancing
- Collaborating with product development and portfolio management on designing new Beta products, both iShares and Institutional funds, as well as improving structure of existing funds
- Supporting the creation, production and delivery of supervisory and managerial reports pertaining to risk management and performance attribution.
- Helping define the analytical and risk management's needs for adequately monitoring risks.
- Performing ad-hoc analyses and reporting to help address real-time demands of senior members of the team.
- Partnering with BlackRock Solutions to deliver state-of-the-practice risk analytics and risk models to BlackRock through the Aladdin platform
- Direct the creation, production and delivery of reports pertaining to Risk/Exposure and Performance Attribution
- Working with other RQA team members on a global basis to conduct quantitative research on global investment markets
Development Value:
This role will provide the successful candidate with the opportunity to work across various product groups and asset classes, and gain exposure to different business areas. Depending upon the successful candidate's level of experience, there may be a possibility of expanding responsibilities outside EMEA and across the broader Beta book.
Knowledge/Experience:
- 7+ years of industry experience in equity risk management, research or portfolio management
- Working knowledge of the financial markets, with expertise in equity and multi-asset class products and investing
Skills/Qualifications:
- Advanced degree in a quantitative discipline , MS/MBA or PhD in quantitative field, is strongly preferred
- Chartered Financial Analyst (CFA), FRM, PRMIA, or GARP designation is a plus
- Programming (Matlab, S-Plus, Excel VBA, Perl,) and database (SQL) skills are highly desirable.
Competencies:
- Excellent verbal and written communication and presentation skills
- Excellent quantitative skills
- Highly organized and able to adhere to tight deadlines
- Comfortable working under pressure
- Ability to work effectively in a team environment
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