Fund Risk Manager
Job details
Description About this role Job title: Fund Risk Manager, Associate Business Overview The 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. In the course of executing this mission, RQA provides quantitative analysis to many of BlackRock’s businesses and helps promote the spread of best practices across the firm. 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. BlackRock Asset Management Ireland Limited (“BAMIL”) is BlackRock’s Irish Asset Management entity and the largest Management Company in Europe with over $1 trillion assets under management, authorized by the CBI, managing UCITS and AIFs. The entity is seeking to hire a Risk Manager based in Dublin. The Risk Manager, together with the assistance of the local risk team and the broader global Risk and Quantitative Analysis group, will be responsible for ensuring that all applicable risks pertaining to the company and its clients’ funds are monitored and managed at all times. The candidate will work closely with regional RQA team leaders, regional control function heads, as well as the Chief Risk Officer for BAMIL. Responsibilities:
- Assist the Designated Person for Fund Risk Management in maintaining an effective risk management framework within BAMIL to ensure compliance with regulatory requirements as set out in the UCITS, AIFMD and local regulations. This includes coverage of all aspects of investment risk, liquidity risk, counterparty risk and corporate risk.
- Produce and interpret analytics to help identify and measure the sources of portfolio risk and return.
- Assist in the implementation and maintenance of local risk management policies and procedures, together with adequate risk management systems, to identify, measure, manage and monitor risks appropriately, on an on-going basis.
- Support and quality control of risk data and reporting to the Board of Directors of BAMIL on risk exceptions and any actions required to address risk issues.
- Assist senior risk managers with ad-hoc or routine portfolio risk analyses.
- As a member of the global RQA function, participation in global and/or regional risk management initiatives.
- Minimum of 3 years’ experience in the financial industry, preferably in an investment/market risk or risk reporting capacity. Experience within asset management is preferred but not essential.
- The preferred candidate would be able demonstrate a working knowledge of investment risk, counterparty risk or be competent in the understanding of the UCITS and AIFMD requirements.
- A passion for problem solving, a working knowledge of risk models such as market risk and liquidity risk and an interest in being a persistent student of the financial markets.
- An ability to explain complex ideas in simple but impactful terms and proven ability to use effective communication to influence outcomes.
- Excellent analytical skills and attention to detail, a strong work ethic and ability to work both independently and as part of a team.
- Ability to effectively work with advanced Excel features, Power BI and/or coding in Python are a positive for the role.
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