Associate , Risk Management Alternatives

Mumbai, India
14 Jan 2023
28 Jan 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Business Overview

The Risk & Quantitative Analysis (RQA) group, comprised of about 300 individuals who speak over 20 different languages and work in 16 countries, provides independent oversight of BlackRock's fiduciary and enterprise risks by crafting and delivering risk management, tailored advice, and analytics. We promote BlackRock as a leader in risk management by advancing the firm's risk management practices and delivering top-down and bottom-up oversight and independent risk expertise 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 ability to address real-world problems and provide tangible solutions in the investment management process.
Alternative Investment Risk Management
BlackRock Alternatives Investors (BAI) handles over $300 billion invested in portfolios spanning Hedge Funds and Fund of Funds, Private Equity, Private Credit, Real Estate, and Infrastructure. The Data Manager will sit within the RQA team that covers BAI and develop data management infrastructure to efficiently collect, store, and process data by migrating current processes to a coordinated database system. The ideal candidate will have a strong computer science background with an understanding of the approaches used to design and risk-manage Alternative portfolios.
Key Responsibilities
The successful candidate will be responsible for the development of state-of-the art analytical tools to provide scale and insight to the leaders across the organization (note: this is not a data scientist position). They will also have significant exposure to senior management. Responsibilities include but are not limited to the following:
  • Working with senior risk managers to understand existing data sources, types and storage mechanisms.
  • Developing systems for uploading, managing, integrating, and storing data pertaining to Alternative investments to calculate concentrations, perform stress tests, and track investment performance.
  • Supporting the creation, production and delivery of supervisory, managerial, and regulatory reports pertaining to risk management and performance attribution.
  • Develop dashboards to help senior risk managers ensure that the risks are fully understood by Portfolio Management and are consistent with our client's objectives and risk constraints.
  • Performing ad-hoc reporting and analyses to help address real-time demands of senior members of the team.
  • Partnering with BlackRock Solutions and the Performance Analytics Group to integrate best practices, existing risk tools, and Aladdin data with Alternatives investment processes and data.
  • Liaise with other BlackRock technology groups to understand existing tools and best practices for data management and analysis.
  • Data mine and apply statistical techniques to analyze portfolio risk taking and discover investment insights.
  • Strong analytical skills, attention to detail, a strong work ethic, and ability to work as part of a team in a fast-paced environment.
  • An undergraduate or graduate degree in computer science or a related discipline with an ability to collect, organize, and analyze disparate data types. Experience in risk database construction.
  • Demonstrate a curiosity about financial markets and be inquisitive about the application of analytical techniques to understand and improve them. Investment risk management or financial services industry experience preferred.
  • Display strong written/verbal communication and outstanding interpersonal skills.
  • Have significant experience working with SQL, Python, Matlab, or R (Python experience preferred). Experience using Snowflake, Tableau, Power BI, or other visualization software preferred.
  • Be highly organized and proactively respond to the needs of the business, often under tight schedules.
  • Bring new insights to the team and apply innovation to improve all aspects of the role.

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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
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