Director, Credit Risk Management at BlackRock

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

29 Jan, 26

Salary

0.0

Posted On

31 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Risk Management, Capital Markets, Counterparty Risk, Statistical Analysis, Legal Documentation, Stakeholder Management, Team Leadership, Securities Lending, Trading Risk, Stress Testing, Scenario Analysis, Risk Appetite, Limit Setting, Mentoring, Quantitative Methods, Financial Analysis

Industry

Financial Services

Description

About this role Job Title: Director, Capital Markets Credit Risk 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 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 seasoned credit risk professional to lead our EMEA and APAC Counterparty Credit Risk team. This role is pivotal in managing the counterparty credit risk exposure taken by our funds across broker/dealers, banks, and other financial institutions in these regions. The successful candidate will collaborate closely with global teams specializing in trading risk, counterparty risk, and securities lending risk. 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: Lead the EMEA and APAC Counterparty Credit Risk team, overseeing regional credit risk assessments and approvals. Conduct detailed credit analysis of financial counterparties including broker/dealers, banks, and other non-bank financial institutions. Provide guidance on relevant legal documentation negotiations, including ISDA, GMSLA, and MSFTA agreements. Provide strategic input into risk appetite, limit setting, and escalation protocols for Securities Lending enterprise risk. Apply statistical and quantitative methods to assess counterparty credit exposures, including stress testing and scenario analysis. Develop and maintain strong relationships with senior stakeholders across securities lending, trading, legal, compliance, and portfolio management teams. Mentor and manage a team, fostering professional development and high performance. Qualifications: Minimum 10 years of experience in finance, with a focus on capital markets and counterparty credit risk. Strong understanding of capital markets trading risks and market practices, including derivatives, repo financing, securities settlement and securities lending. Expertise in legal documentation relevant to capital markets (ISDA, GMSLA, MSFTA). Proven leadership experience managing regional or global teams. Familiarity with statistical models used in counterparty credit risk (e.g., PFE, CVA, stress testing). Excellent communication and stakeholder management skills. Bachelor’s degree in Finance, Economics, or related field; advanced degree or professional certifications (e.g., CFA, FRM) preferred. Preferred Attributes: Experience working in a global asset manager or investment bank. Ability to navigate complex regulatory environments across jurisdictions. Demonstrated success in influencing senior decision-makers and driving cross-functional initiatives. 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 | : 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. BlackRock's purpose is to help more and more people experience financial well-being. As a global investment manager and a leading provider of financial technology, our clients—from grandparents, doctors, and teachers to large institutions—turn to us for the solutions they need when planning for their most important goals. People join our firm from around the world to gain real-world experience while making an impact. Discover how you can have a career at BlackRock that's exciting, rewarding and full of possibilities.

Responsibilities

Lead the EMEA and APAC Counterparty Credit Risk team, overseeing regional credit risk assessments and approvals. Conduct detailed credit analysis of financial counterparties and provide strategic input into risk appetite and limit setting.