Risk & Quantitative Analysis (RQA)
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:
The Risk and Quantitative Analysis Team provide an independent and trusted perspective to BlackRock's Portfolio Management Group and senior management on risk modeling, markets and portfolio construction. RQA's mission is to help BlackRock manage its fiduciary, corporate and regulatory risks, and provide independent oversight to the portfolio management process. In the course of executing this mission, RQA provides quantitative analysis to many of BlackRock's businesses and helps promote the spread of best practices across the firm.
Job Purpose/Background:
The successful candidate will be responsible for the risk management of investment portfolios and the development of state-of-the art analytical tools. They will also have significant exposure to senior management across the organization.
Key Responsibilities:
- Understanding who the client is and what his/her investment objectives are
- Applying statistical techniques to analyze portfolio risk taking
- Understanding how macroeconomic factors influence the estimate of risk and portfolio managers' decision making process
- Effectively communicating with portfolio managers to ensure the risks are fully understood and are consistent with client objectives
- Researching current market drivers to help managers make informed decisions
- Supporting the creation, production and enhancements of necessary reporting
- Employing a creative approach to evolving risk monitoring and modeling techniques
- Partnering with our regulatory specialists to enhance our regulatory framework and understand portfolio level exceptions where they occur.
Knowledge/Experience:
- First class degrees in mathematics, quantitative finance, economics, econometrics or other mathematical discipline preferred.
- Demonstrate an interest in financial markets and be inquisitive about the application of analytical techniques to understand them
- Display strong written/oral communication and outstanding interpersonal skills
- Have experience in Visual Basic, Matlab and/or SPlus
- Be highly organized and proactively respond to the needs of the business, often under tight deadlines
- Demonstrate a detailed understanding of equity risk modeling techniques and have the ability to critique different approaches
- Bring new ideas to the team and apply innovation to enhance all aspects of the role
- An understanding of current and upcoming regulation would be a desirable addition to the above
- Extensive experience within a similar field is desired.
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