Private Markets Credit Risk Manager, Associate

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.

Private Markets Risk Management

BlackRock manages over $450 billion in private markets assets. We are seeking individuals who combine strong analytical and communication skills and can solve challenging problems related to investing in private markets. This individual will work closely with private credit portfolio managers and senior risk managers to provide investment risk oversight of various private credit portfolios. They will lead various market and portfolio analyses, employing superior influencing skills to help inform the investment process and improve portfolio design.

Key Responsibilities:

• Partner with investment teams and businesses to ensure that risks are fully understood, consistent with client objectives, and appropriately mitigated. 

• Work with senior risk managers to provide risk management and oversight of private credit portfolios, including review of new deals going to investment committee

• Communicate complex ideas in simple but impactful terms to influence portfolio construction and drive better investment decisions
• Perform market analysis, scenario analysis / stress testing, and portfolio reviews alongside senior risk managers to ensure a thorough evaluation of portfolio risk

• Drive continuous evolution in portfolio analytics and risk monitoring tools in partnership with peers across RQA, portfolio management, and financial engineering.

• Perform ad-hoc reporting and analyses to help address the real-time asks of senior members of the team.

Qualifications:

• A degree in finance, economics, or a related field. Advanced degree or certifications (e.g., FRM, CFA, MBA, etc.) preferred
• Programming skills in any language; Python and/or SQL preferred
• Exposure to risk management, research, or portfolio management, supporting corporate credit (C&I), private credit, or private equity portfolios preferred
• Strong analytical skills, attention to detail, ability to work as a team and adhere to tight deadlines
• Strong written/oral communication and interpersonal skills; ability to communicate quantitative and market concepts succinctly
• Ability to bring innovative ideas into the portfolio construction and risk management process

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and la