Multi-Asset Risk Management, Associate

About this role

Business Overview

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock's fiduciary and enterprise risks. Our 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 is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which encourages teamwork, innovation, diversity and the development of 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.

Multi-Asset Risk Management

You will partner with the Multi-Asset Strategies and Solutions (MASS) businesses to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction, performance measurement, and product design, with a focus on model portfolios solutions.

Key Responsibilities

• Partnering with senior risk managers to help ensure that risks in multi-asset portfolios are fully understood and are consistent with clients' objectives and investment constraints
• Monitoring portfolio risks on a regular basis and presenting pertinent analyses on markets, portfolio risk, and performance drivers to portfolio management teams and other stakeholders
• Applying quantitative techniques — including factor modeling, stress testing, scenario analysis, risk-return attribution and market research — to support portfolio construction and risk management for multi-asset portfolios
• Understanding how macroeconomic factors, asset allocation decisions, and diversification dynamics drive investment outcomes across asset classes
• Contributing to the development and enhancement of risk tools, analytics, and processes to improve day-to-day risk management and platform oversight
• Communicating complex analysis clearly and concisely to portfolio managers and other stakeholders to support better investment decisions

Qualifications

• Degree in quantitative field such as mathematics, finance, economics, statistics, computer science, or engineering
• Approximately 3 years of relevant experience in investment risk management, quantitative analysis, data science, or a related field
• A passion for applying quantitative techniques to real-world investment problems, including portfolio risk analysis and understanding financial markets
• Proven coding skills in Python, with an enthusiasm for leveraging AI and large language models to accelerate development and enhance productivity
• An ability to explain complex ideas in simple but impactful terms
• Strong organizational skills with the ability to manage multiple priorities under tight deadlines
• FRM and/or CFA designation is a plus
• Familiarity with multi-asset investment concepts such as asset allocation approaches, diversification, and performance attribution is a plus but not required — candidates with strong quantitative skills from adjacent fields are encouraged to apply

For San Francisco, CA 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 large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.