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.
Sustainability and Reputational Risk Management
The Sustainability Risk team is a dedicated and dynamic group within RQA that partners with risk managers and businesses to oversee sustainability risk across the platform. The team works to enable risk managers to evaluate financially material sustainability risks to ensure that such risks are understood, deliberate and consistent with client objectives. Sustainability Risk also leverages the latest technologies to research new and emerging risks related climate change, the transition to a low carbon economy and natural capital and biodiversity, collaborating with leading subject matter assets across the firm.
This role also offers a great opportunity to work closely with the fast-growing BlackRock Alternatives businesses to perform independent due diligence and reputational analysis of private investments made in a variety of structures, jurisdictions and industries (e.g., private equity, infrastructure, real estate, direct lending, etc). Diligence results have visibility at the most senior levels of the organization, including with BlackRock’s Chief Risk Officer, Chief Legal Officer and Alternative businesses’ Chief Investment Officers (CIOs).
Key Responsibilities:
The candidate will support multiple projects across the Sustainability Risk team maintaining connectivity and deliverables that cover both sustainability and reputational risk. He/She/They will perform all operational risk responsibilities for the Alternatives business with a focus on managing the Private Asset Risk Screening (PARS) process.
Sustainability Risk
- Build rapport and partner with colleagues in functions across the firm including Portfolio Management, Financial Crime, Litigation, Investment Risk, Fund Accounting, Valuations and Business Operations.
- Support cross functional governance committee inputs and action items for Sustainable and Transition Investment Committee, Sustainable Investment Data Assessment Committee and Global Reputational Risk Committee.
- Coordinate annual reviews and ongoing management of content related to ESG integration (firm wide communications, training, reporting, RFP/DDQ standard language).
- Drive quarterly Chief Investment Officer and Global Executive Committee updates on sustainability theme exposures.
- Work with the Sustainability Risk team to deliver ongoing education and training to empower risk managers (monthly Key Partners Metting, newsletter, performance reporting, training materials etc.)
Alternatives/PARS
- Assist Reputational Risk Committee coordinator to evolve and scale the reputational risk program by partnering with Corporate Communication, External Affairs and Marketing; support quarterly executive level meetings.
- Partner with alternatives deal teams to scope and source third party due diligence reports; Leverage reputational risk vendor applications to mine headlines and develop watchlists to monitor changes at portfolio companies.
- Prepare weekly deal pipeline materials and drive discussions on high-risk deals
- Triage operating events impacting covered businesses, facilitate annual RCSAs and influence change through process improvements.
Knowledge/Experience:
- 4+ years of experience in financial services, preferably within Risk Management, Investments, Legal or Middle Office, Sustainability.
- Ability to quickly digest complex issues and independently research facts to inform decisions with consequence.
- Excellent analytical capabilities; curiosity, critical thinking, accuracy and problem-solving within a deadline-oriented environment.
- Superior organizational and project management skills and ability to work concurrently on multiple deliverables across a variety of stakeholders.
- Strong communication skills and an ability to present complex information succinctly to senior decision makers
- Good negotiation skills and ability to collaborate with multiple teams so that functional / organizational objectives are achieved.
- BS/BA required, preferably in Finance, Operations Research, Economics, Sustainability or similar technical field.
- Python coding skills a plus.
For New York City only: The salary range for this position is $115,000 - $147,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.
