Counterparty Credit Risk RQA Analyst

About This Role

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 meaningful role in BlackRock’s investment process, using quantitative analysis and a multi-disciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process.

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 create 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.

Capital Markets Credit Risk Team

RQA’s Capital Markets Credit Risk team is charged with actively managing global counterparty credit risk exposures in accordance with the firm’s fiduciary mandate, which includes providing transparency to counterparty credit-related portfolio and firm-wide risks. 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 Counterparty Credit Risk Analyst to join our team in Gurgaon. The principal responsibilities of an analyst within the counterparty risk function will be to contribute to the team’s coverage of global counterparties and develop expertise on transactions that give rise to counterparty exposures, such as securities settlement, derivatives transactions (both bilateral and cleared) and financing trades. The role encompasses both fiduciary and enterprise risk management mandates:

• Fiduciary: Protecting the interests of our clients by ensuring prudent counterparty credit risk management across their portfolios.
• Enterprise: Safeguarding BlackRock’s own exposure as an Agent Lender in the securities lending market, ensuring that enterprise-level risks are identified, assessed, and managed effectively.
  
  

Key Responsibilities

• Producing counterparty credit reviews of financial institutions using financial statement analysis and qualitative review guidelines
• Monitoring financial performance and market driven events of counterparties
• Reporting and reviewing counterparty risk exposures, including preparing counterparty risk reports for senior stakeholders and regulators
• Monitoring and analysing aggregate levels of counterparty credit exposures for BlackRock’s clients’ portfolios against appropriate thresholds (regulatory and/or internal risk limits and thresholds), where required
• Identifying counterparty credit risks and exposures arising from new investment activities and/or operational processes
• Interacting with global trading and portfolio management teams supporting counterparty exposure management initiatives
• Supporting global regulatory change projects and developments impacting counterparty credit risk management
• Protecting the reputation of BlackRock and its clients
  
  

Qualifications

• A master’s degree in accounting, finance, economics, or relevant work experience involving financial statement analysis or credit risk management
• Ability to communicate with stakeholders across multiple functions, geographies and cultures with professional maturity and sound judgment.
• Ability to effectively work with advanced Excel features, Power BI and/or coding in Python are a positive for the role
• An ability to explain complex ideas in simple but impactful terms and proven ability to use effective communication to influence outcomes
• A passion for problem solving and an interest in being a persistent student of the financial markets
• Strong attention to detail, a strong work ethic and ability to work both independently and as part of a team
  
  

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.

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, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

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