Associate, Fixed Income Investment Risk

About this role

Business Overview

The 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 deliver independent risk advice 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 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.

Fixed Income Risk Management

You will partner with the fixed income businesses to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction, performance measurement, product design and investor engagement.

Key Responsibilities

This role focuses on delivering rigorous, data-driven risk oversight and portfolio construction support by partnering closely with senior risk managers and portfolio managers. The emphasis is on leveraging quantitative techniques, particularly regression analysis and related statistical methods to assess exposures, identify risk drivers, and inform investment decision-making.

• Conducting in-depth quantitative analysis using regression models and other statistical techniques to understand portfolio sensitivities, performance attribution, and risk factor exposures.
• Partnering with senior risk managers to ensure that risks are fully understood, appropriately measured, and aligned with client objectives and investment constraints.
• Regularly monitoring portfolio risks and producing analytical insights on market dynamics, macroeconomic impacts, and portfolio performance for portfolio management teams.
• Supporting scenario analysis, stress testing, and portfolio construction by applying quantitative modelling to evaluate potential market movements and their impact on portfolios.
• Translating complex analytical findings into clear, actionable recommendations for portfolio teams and senior leadership.

Qualifications

• Expertise in fixed income products, investments, and portfolio construction techniques with focus on credit instruments and analytics.
• An ability to explain complex ideas in simple but impactful terms in order to influence portfolio construction decisions.
• A passion for applying quantitative techniques to real-world problems including analyzing portfolio risk taking and understanding financial markets.
• Extensive experience with factor models, scenario analysis, stress-testing, performance attribution, and other risk-related metrics and tools
• A minimum of 3+years of relevant experience.
• An advanced degree in mathematics, quantitative finance, computer science, economics, statistics, engineering or another quantitative field.
• Proven coding skills, i.e. Python, R etc.
• FRM and/or CFA designation is a plus.

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 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.

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.