Director, Securitized Fixed Income Risk Manager

About this role

Business Overview

BlackRock’s Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. RQA’s mission is to advance the firm’s risk management practices and to deliver independent risk expertise and constructive challenge to drive better business and investment outcomes. RQA’s risk managers play a meaningful role in BlackRock’s investment process, using quantitative analysis and a multi-disciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process.

RQA is committed to investing in our people to increase both individual enablement and a strong collaborative environment. As a global group located all around the world, our goal is to create a culture of inclusion which encourages teamwork, innovation, diversity and the development our future leaders.  We actively engage in discussions on career growth and work with team members to understand how personal passions and strengths connect with our purpose.

Fixed Income Investment Risk Management

You will be the senior risk manager for BlackRock’s US Securitized platform including agency mortgages, mortgage credits, CMBS and ABS. You will partner with the fixed income investment team to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction, product design and investor engagement.

Key Responsibilities:

The RQA Fixed Income risk management team is seeking a senior candidate with Securitized risk management experience to support the risk management efforts of our ~$100B Global Securitized platform. Responsibilities include both day-to-day risk management and contribution to strategic projects to enhance risk and portfolio management processes.

• Function as the lead risk manager overseeing BlackRock’s Agency MBS, CMBS, ABS and Mortgage Credit business
• Manage business relationships with the Head of the Securitized investment business and lead portfolio managers, both as an independent risk fiduciary and a value-add partner
• Provide independent, constructive challenge of portfolio risk taking, exposure, portfolio construction and performance analysis
• Conduct regular risk meetings with analyses and deep dives on risk and performance to portfolio management teams
• Perform quantitative analysis to help investors understand risk analytics, risk models, performance attribution and help improve investment process
• Partner with BlackRock Aladdin risk modeling team to deliver state-of-the-practice risk analytics and risk models through the Aladdin platform
• Work with RQA Core Risk Management team and Aladdin technology teams to improve risk reporting infrastructure
• Collaborate with peers in RQA investment risk and enterprise risk, manage and develop junior team talent.

Qualifications:

• Advanced degree in a quantitative discipline and 10+years of work experience in fixed income and especially Securitized markets
• Strong knowledge of Securitized market products, investment and risk management for buy-side Securitized portfolio management required
• Deep understanding of Securitized risk models and risk analytics, demonstrated experience in working with risk modelers to enhance risk models based on risk and investment needs
• Excellent interpersonal, leadership and oral/written communication skills. Ability to communicate, influence and engage with senior level portfolio managers on risk discussions
• Strong technical skills and programming skills in Python, familiarity with BlackRock’s Aladdin risk system is a strong plus.
• A strong work ethic and ability to work effectively in a team environment and adhere to tight deadlines.

 

For New York City only: The salary range for this position is $205,000 - $260,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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 e