Private Markets Risk Manager, Director

BlackRock, Inc.; City Of London; Hybrid; GBP 90,000 - 120,000; Full time

Job summary

A global investment firm is seeking a Director, Private Markets Risk Manager to oversee risk management of private credit portfolios. The ideal candidate will have over 12 years of experience in the financial services industry, strong analytical and communication skills, and a degree in finance or economics. This role involves working closely with investment teams and mentoring junior risk managers. The firm offers a comprehensive benefits package and a hybrid work model.

Benefits

Retirement investment tools

Education reimbursement

Health and well-being resources

Flexible Time Off

Qualifications

• 12+ years of previous work experience in the financial services industry required.
• Previous experience as a risk manager or investment analyst supporting credit portfolios is preferred.
• Highly organized, proactive, with impeccable attention to detail.

Responsibilities

• Daily risk management and oversight of private credit portfolios.
• Partner with investment teams to ensure risks are understood and mitigated.
• Conduct scenario analysis and stress tests on portfolios.

Skills

Analytical skills

Communication skills

Problem-solving skills

Education

Degree in finance, economics, or a related field

Advanced degree or certifications (e.g., MBA, CFA)

Job description

About this role

Title: Director, Private Markets Risk Manager (RQA)

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.

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

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 | 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, race, religion, sex, sexual orientation and other protected characteristics at law.