Job Information
BlackRock Associate, Credit Risk Counterparty Management in Dublin, Ireland
About this role
Associate, Credit Risk Counterparty Management
Job Description
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 our 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.
Counterparty Risk
RQA’s Counterparty Risk team is charged with actively managing global counterparty credit risk exposures in accordance with the firm’s fiduciary mandate, as well as providing transparency of counterparty credit-related portfolio and firm-wide concentrations. The principal responsibilities within the Counterparty Risk team will be to support the global team function with a focus upon the global businesses that give rise to counterparty exposures, such as securities settlement, derivatives transactions (both bilateral and cleared) and financing trades.
Key Responsibilities:
Producing counterparty credit reviews using financial statement analysis and qualitative review guidelines
Monitoring financial performance of counterparties
Reporting and reviewing counterparty risk exposures, including preparing counterparty risk reports for senior stakeholders and regulators
Monitoring and analysing aggregate levels of counterparty credit exposures for BlackRock’s clients’ portfolios against appropriate thresholds (regulatory and/or internal risk limits and thresholds), where required
Identifying counterparty credit risks and exposures arising from new investment activities and/or operational processes
Interacting with global trading and portfolio management teams supporting counterparty exposure management initiatives
Supporting global regulatory change projects and developments impacting counterparty credit risk management
Protecting the reputation of BlackRock and its clients
Background required:
A degree in accounting, finance, economics, or relevant work experience involving financial statement analysis
An ability to explain complex ideas in simple but impactful terms and proven ability to use effective communication to influence outcomes
A passion for problem solving, a working knowledge of statistical methods and an interest in being a persistent student of the financial markets
Ability to effectively work with advanced Excel features, Power BI and/or coding in Python are a positive for the role
Ability to communicate with stakeholders across multiple functions, geographies and cultures with professional maturity and sound judgment.
Strong attention to detail, a strong work ethic and ability to work both independently and as part of a team
Sound ethical compass, demonstrable integrity and a commitment to doing the right thing
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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, race, religion, sex, sexual orientation and other protected characteristics at law.