About this role
Job Title: Associate, Counterparty Credit Risk (Capital Markets)
Description:
Business Overview:
BlackRock’s Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. RQA ’s principal responsibility is to ensure that the risks in BlackRock’s portfolios are fully understood by our portfolio managers and senior management and are consistent with clients’ objectives. We also help build “state-of-the-practice” quantitative models and analytics that help inform risk taking and portfolio construction across the firm. RQA team members tackle real-world problems, using a multi-disciplinary skillset to provide tangible solutions in the investment management process.
Capital Markets Risk Team:
RQA’s Capital Markets Risk team is charged with actively managing global capital markets related risk exposures in accordance with the firm’s fiduciary mandate, which includes providing transparency to trading and counterparty credit risk in client portfolios and the firm. The team works closely with BlackRock’s securities lending business, applying its counterparty risk management expertise to support the firm’s role as an Agent Lender. The team is also responsible for trading risk, helping trading management ensure that traders’ execution strategies result in their intended outcomes.
Role Overview
We are seeking a risk professional to join our EMEA Capital Markets Risk team. This role is pivotal in managing counterparty and trading risk exposure taken by our client portfolios when trading securities, entering cleared or over the counter derivatives transactions, and participating in securities lending.
The successful candidate will bring strong capital markets intuition, risk management experience, and a working understanding of the quantitative techniques used in financial risk management. The role is well-suited to candidates with backgrounds in credit risk, trading risk, quantitative analysis, or related capital markets functions.
This position spans both fiduciary and enterprise risk mandates and involves close collaboration with global risk teams, trading desks, and the securities lending business.
Key Responsibilities:
· Identify and assess counterparty and trading risks arising from market activity, new products, or evolving market structure
· Monitor and analyze aggregate risk exposures using quantitative metrics
· Stay abreast of market structure developments impacting capital markets risk management, such as shortened settlement cycles, uncleared margin rules, etc.
· Contribute to risk oversight through regular interactions with the global team of risk experts
· Develop and maintain strong relationships with stakeholders across securities lending, trading, legal, compliance, and portfolio management teams.
· Protect the reputation of BlackRock and its clients
Qualifications:
· Minimum 2-3 years of experience in finance, with exposure to trading, financing, or counterparty-related activities
· Background in risk management, including credit, trading, or enterprise risk oversight
· Understanding of quantitative and statistical concepts used in financial risk management (e.g., exposure metrics, stress testing, scenario analysis)
· Ability to interpret risk analytics and translate them into clear risk judgments for stakeholders
· Strong communication and collaboration skills
· Familiarity with legal documentation relevant to capital markets (ISDA, GMSLA, MSFTA)
· Relevant technical and coding skills (e.g., Excel, Python)
· Bachelor’s degree in finance, economics, mathematics or related field
Preferred Attributes:
· Experience working in a global financial institution.
· Ability to navigate complex regulatory environments across jurisdictions.
· Advanced degree or professional certifications (e.g., CFA, FRM)
· Python coding skills preferred
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.
Skills Required
- Minimum 2-3 years of experience in finance, with exposure to trading, financing, or counterparty-related activities
- Background in risk management, including credit, trading, or enterprise risk oversight
- Understanding of quantitative and statistical concepts used in financial risk management
- Strong communication and collaboration skills
- Familiarity with legal documentation relevant to capital markets
- Relevant technical and coding skills
- Bachelor's degree in finance, economics, mathematics or related field
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
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Employees engage in a combination of remote and on-site work.
BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.
