Director RQA Private Credit Risk Manager

Employer: BlackRock

Location: Santa Monica, New York, United States of America

Salary: Competitive

Closing date: 21 Mar 2025

Sector: Banking and Financial Services

Role: Director

Contract Type: Permanent

Hours: Full Time

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 of our future leaders.

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:

• Daily risk management and oversight of private credit portfolios, including review of new deals going to investment committee.
• Partner with investment teams and businesses to ensure that risks are fully understood, consistent with client objectives, and appropriately mitigated.
• Communicate with impact and provide constructive challenge to decision makers to influence portfolio construction and drive better investment decisions.
• Assess portfolios' ability to withstand market and economic stress by conducting scenario analysis and stress tests.
• Drive continuous evolution in portfolio analytics and risk monitoring tools in partnership with team members across RQA, portfolio management, and financial engineering.
• Work collaboratively with peers across RQA and help mentor junior risk managers.

Qualifications

• A degree in finance, economics, or a related field. Advanced degree or certifications (e.g., MBA, CFA, etc.) preferred.
• 12+ years of previous work experience in the financial services industry (asset management, investment banking, consulting, etc.) required.
• Previous experience as a risk manager or investment analyst supporting corporate credit (C&I), private credit, or private equity portfolios is preferred.
• Strong written/oral communication and interpersonal skills with a track record of articulating independent thinking with conviction.
• Ability to anchor relationships with lead portfolio managers and build a network across BlackRock and externally.
• Highly organized, proactive, and exhibiting impeccable attention to detail.
• Ability to bring innovative ideas into the portfolio construction and risk management process.

For New York, NY and Los Angeles, CA Only the salary range for this position is USD$210,000.00 - USD$270,000.00. Additionally, employees are eligible for an annual discretionary bonus, and benefits including health care, leave benefits, and retirement benefits.

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.

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. This mission would not be possible without our smartest investment - the one we make in our employees.

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