Associate, Credit Risk Counterparty Management
Job details
Description 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
- 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
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