Risk Management Specialist jobs in Trenton, NJ

About this role

Company: BlackRock Financial Management, Inc.
Job Title: Associate, Market Risk Management
Location: 1 University Square Drive, Princeton, NJ 8540

Job Duties: Manage risk of portfolios within BlackRock’s Municipal Fixed Income business. Analyze risk decomposition and performance attribution relative to a given market condition or exposure change for the municipal bond mutual funds and institutional clients’ municipal portfolios. Apply quantitative techniques and multi-disciplinary skillset to solve real-world problems and provide tangible solutions to the investment management process. Conduct research and analysis on financial market trends and portfolio constituents to help portfolio managers with portfolio construction. Assist portfolio managers to assess potential risks and rebalance financial opportunities to achieve client’s investment objectives. Conduct risk review meetings with portfolio managers and discuss risk and performance issues. Perform market stress scenario tests on portfolios to determine returns behaviors. Conduct market-based quantitative analytics and statistical analysis such as empirical regression and peer group analysis to help portfolio managers better understand municipal mutual funds’ peer ranking and positioning. Work with other teams encompassing investing, macroeconomics, financial modeling, and strategy. Perform data analytics and create innovative risk oversight frameworks with scalability using quantitative analysis to meet risk management needs, specific to Municipal Fixed Income investment objectives.

Qualifications: Master’s degree in Mathematics, Financial Mathematics, Quantitative Finance, Financial Engineering, or related field of study. Requires two (2) years of experience in the job offered or related occupation: 1. Utilizing quantitative and statistical techniques including regression, descriptive statistics, and quantitative analysis; 2. Leveraging market and investment risk management for various financial products including, credit, equity options, and fixed income investments; 3. Conducting coding in Python, SQL, and Excel for data analysis; 4. Analyzing market trends to evaluate financial risks; 5. Using risk analytics and stress testing to identify risk and data discrepancies; and 6. Creating innovative solutions for risk oversight and communicating risk analysis with stakeholders.

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Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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.