About this role
Business Overview:
The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. RQA’s principal objectives are 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 increase individual enablement and ultimately build a stronger team. Our goal is to create a culture of inclusion which encourages collaboration, innovation, diversity and the development our future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strength connect with our purpose.
The Enterprise Risk team within RQA oversees those risks which directly impact the firm rather than the fiduciary risks assumed by funds/clients, such as investment risks and counterparty risks. The team’s focus includes but is not limited to operational risk, technology, vendor, model and market risk, stress testing for market risk and the quantitative estimation of capital adequacy requirements.
The Role:
We are seeking an associate to join the RQA’s Model Risk team. The Global Model Risk Management function is responsible for developing the firm-wide Model Risk and AI Risk Management framework and the implementation of the framework across the firm. Key responsibilities of the team include performing independent review of model and AI risk related activities across the firm, working with the model or AI Use Case owners and proving oversight and assessment of their model or AI risk procedures to ensure that they are comprehensive, rigorous and effective and follow the firm-wide and regulatory requirements.
Key Responsibilities:
Assist with the implementation of the firm-wide Model Risk Management and AI Risk Management Policy (the Policies).
Support the execution of governance activities including activities covered by relevant sub-committees of the Enterprise Risk Committee (ERC).
Drive operational efficiency through process improvements or automation (i.e. tracking risk metrics, issues, performance issues, errors, internal audit findings and any issues raised by regulators, managing incidents and risk & control issues.
Promote the development and implementation of the model and AI risk management activities in the model risk management system in compliance with the Policies and regulatory guidelines.
Prepare report on the status of Model and AI risks to the appropriate risk management oversight committees on a periodic basis and as required.
Responding to Model or AI related inquiries from regulators or auditors.
Knowledge / Experience:
With 2-3 years’ works experience in the financial industry.
Undergraduate/Master’s in computer science, Mathematics, Finance, Financial Engineering or Operations Management.
Excellent communication, negotiation and problem-solving skills.
Experience in quantitative Model /AI development or process improvements, change management or project lifecycle management.
Strong interpersonal and organizational skills and attention to details.
Ability to work independently and manage multiple priorities simultaneously and can prioritize and escalate as appropriate.
Programming experience in one or more environments such as R, Python and SQL.
Proficiency in process improvement frameworks like Six Sigma is a plus.
Experience in agile project management & tools which include facilitating daily stand-ups, sprint planning and retrospectives is also a plus.
Proven experience working on M365 tools (specifically Exco & PowerPoint) and platform such as Power Automate, Power BI and Copilot Studio.
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 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.
