About this role
Fixed Income Investment Risk, Associate
Job Description
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 deliver independent risk advice and constructive challenge to drive better business and investment outcomes. RQA's risk managers play a vital role in BlackRock's investment process, using quantitative analysis and diverse skills to tackle real-world challenges.
RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to build a culture of inclusion which encourages teamwork, innovation, diversity and the development of 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.
Fixed Income Risk Management
You will partner with the fixed income businesses to deliver independent risk oversight, risk advice, and provide quantitative analysis to assist with portfolio construction, performance measurement, product design and investor engagement.
Key Responsibilities
This role focuses on delivering rigorous, data-driven risk oversight and portfolio construction support by partnering closely with senior risk managers and portfolio managers. The emphasis is on employing quantitative techniques, particularly regression analysis and related statistical methods to assess exposures, identify risk drivers, and inform investment decision-making.
Function as the primary risk manager for some of BlackRock’s Fixed Income portfolios across Europe, Middle East and Africa (EMEA)
Partner with investment teams and senior risk managers to deliver independent oversight and quantitative support for portfolio construction and investor engagement.
Conduct regression-based analysis and other statistical techniques to assess portfolio sensitivities, performance attribution, and risk factor exposures.
Lead regular risk reviews, scenario analysis, and stress testing to evaluate market impacts.
Translate sophisticated analytical findings into actionable insights for portfolio managers and senior leadership.
Contribute to research on markets, portfolio construction, and the risk environment.
Maintain awareness of financial markets and industry developments to contextualise risk-taking.
Collaborate with peers across RQA to improve risk frameworks and contribute to the development of junior talent
Qualifications
3+ years of experience in a buyside risk or investment-focused role.
Degree in a quantitative field (e.g., mathematics, computer science, economics, engineering).
Solid understanding of fixed income products, credit instruments, and investment styles.
Experience with factor models, stress testing, scenario analysis, and performance attribution.
Ability to explain complex ideas clearly and influence portfolio decisions.
Established coding skills (e.g., Python, R); understanding Aladdin is beneficial.
Excellent communication and collaboration skills.
Experience with Liability Driven Investment strategies and CFA/FRM designation is a plus.
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.
Top Skills
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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BlackRock Offices
Hybrid Workspace
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.
