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The mission of the Risk and Quantitative Analysis (RQA) function is to help BlackRock manage its fiduciary and enterprise risks and provide independent oversight. The Enterprise Risk team within RQA oversees those risks which directly impact the corporate entity. The Global Model Risk Management function within Enterprise Risk team is responsible for developing the firm-wide Model Risk Management framework and the implementation of the framework across the firm.
Job Responsibility:
Assist with the implementation of the firm-wide Model Risk Management Policy
Support the execution of governance activities including activities covered by relevant sub-committees of the Enterprise Risk Committee (ERC)
Drive operational efficiency through process improvements or automation (i.e. tracking risk metrics, issues, performance issues, errors, internal audit findings and any issues raised by regulators, managing incidents and risk & control issues
Promote the development and implementation of the model risk management activities in the model risk management system in compliance with the Policies and regulatory guidelines
Prepare report on the status of Model risk to the appropriate risk management oversight committees on a periodic basis and as required
Responding to Model related inquiries from regulators or auditors
Requirements:
3-5 years’ works experience in the financial industry
Undergraduate/ Master’s in Computer Science, Mathematics, Finance, Financial Engineering or Operations Management
Excellent communication, negotiation and problem-solving skills
Ability to draft governance documents and committee materials with clarity and precision
Experience in quantitative Model reviews or process improvements, change management or project lifecycle management
Strong interpersonal and organizational skills and attention to details
Ability to work independently and manage multiple priorities simultaneously and can prioritize and escalate as appropriate
Programming experience in one or more environments such as R, Python and SQL
Proven experience working on M365 tools (specifically Excel & PowerPoint) and platform such as Power Automate, Power BI and Copilot Studio.
Nice to have:
Proficiency in process improvement frameworks like Six Sigma is a plus
Experience in agile project management & tools which include facilitating daily stand-ups, sprint planning and retrospectives is also a plus