Vice President at BlackRock

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Master’s Degree or foreign equivalent in Quantitative Finance, Finance, Economics, or a related field
48 months of experience in the job offered or as Research Analyst, Business Analyst, or closely related role
Four years of experience in: Managing risk of portfolios
Four years of experience in: Statistics and statistical techniques including regression analysis, descriptive analysis, and quantitative analysis
Four years of experience in: Leveraging market and investment risk management for various financial products and markets including credit, derivatives, equity, and fixed income investment products
Four years of experience in: Defining the methodology and implementing code in SQL and Excel for data analysis
Four years of experience in: Writing Python Code using libraries including Pandas, Numpy, DateTime, OpenPyXL, YAML, and XLSXWriter
Four years of experience in: Implementing data science, automation, and machine learning techniques to analyze large data sets
Four years of experience in: Analyzing financial market trends and portfolio constituents to assist portfolio managers with portfolio construction
Four years of experience in: Creating risk oversight framework for separately managed accounts
Ability to analyze equity risk factor models with Barra
Ability to analyze fixed income factor models
Ability to identify risk, return, and high return outliers
Ability to interpret and analyze risk data, including statistical analysis, to accurately convey the significance of risks to internal and external stakeholders

Responsibilities

Act as a Risk Manager for BlackRock’s Separately Managed Accounts (SMA) Solutions, overseeing risk-taking and portfolio positioning
Conduct in-depth risk analysis on model portfolios and client accounts, evaluating risk decomposition, performance attribution, and market sensitivity
Apply quantitative techniques to enhance portfolio risk management and collaborate with portfolio managers to address anomalies
Assist in portfolio construction, optimizing asset allocation, conducting stress testing, and rebalancing strategies
Lead risk review meetings, offering insights on risk and performance
Develop and implement scalable risk oversight frameworks using Python, R, SQL, Excel, and MS Suite
Provide robust risk oversight for SMA client portfolios using automated risk analytics
Design and maintain dashboards to flag portfolio outliers
Deliver regular and ad-hoc risk reports, ensuring robust risk governance
Coordinate a team of junior quant risk analysts

Skills

Key technologies and capabilities for this role

PythonPandasNumpySQLExcelRStatisticsRegression AnalysisRisk ManagementPortfolio ManagementStress TestingPerformance AttributionData AnalysisAutomationDashboards

Questions & Answers

Common questions about this position

What is the salary range for this Vice President position in New York?

The salary range is USD$188,210.00 - USD$210,000.00. Employees are also eligible for an annual discretionary bonus.

What benefits are offered for this role?

Benefits include healthcare, leave benefits, and retirement benefits.

Is this position remote or onsite?

The position is located at 50 Hudson Yards, New York, NY 10001, indicating an onsite role.

What programming skills and experience are required?

The role requires four years of experience writing Python code using libraries including Pandas, Numpy, DateTime, OpenPyXL, YAML, and XLSXWriter, defining methodology and implementing code in SQL and Excel for data analysis.

What qualifications make a strong candidate for this role?

Candidates need a Master’s Degree in Quantitative Finance, Finance, Economics, or related field, plus 48 months of experience in the job or related roles, and four years in specific areas like portfolio risk management, statistics, Python/SQL coding, and risk factor models.

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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