Associate, Equity Investment Risk

Overview

Understanding and managing risk is the cornerstone of Black Rock’s approach to responsible investing. The Risk & Quantitative Analysis (RQA) group provides independent oversight of Black Rock’s fiduciary and enterprise risks, advancing risk‑management practices and delivering expertise to drive better business and investment outcomes.

You will partner with the Active Equity portfolio management teams to monitor investment risk of portfolios on the Systematic Active Equity platform in San Francisco. This role requires strong quantitative and communication skills to manage portfolio risk and support decision‑making for senior management.

• Partner with senior risk managers to ensure that portfolio risks are fully understood by Portfolio Management and are consistent with clients’ objectives and risk constraints.
• Analyze investment risks by thoroughly reviewing all investments.
• Regularly monitor portfolio risks and present relevant analyses on markets, portfolio risk, and performance drivers.
• Explain how macroeconomic and microeconomic factors influence investment decision‑making.
• Assist portfolio managers with portfolio risk and scenario analysis.
• Help define analytical and risk‑management development needs for effective risk monitoring.

• 3+ years of industry experience in risk management, quantitative research, or portfolio management.
• Ability to explain complex ideas simply and influence outcomes through effective communication.
• Passion for applying quantitative techniques to real‑world problems, including portfolio risk assessment and market analysis.
• Strong knowledge of equity markets, equity risk models, portfolio construction, and risk‑analysis techniques.
• Experience with scenario analysis, stress‑testing, equity risk‑factor models, performance attribution, and risk‑related metrics and tools.
• Broad markets and analytics knowledge across equities and other asset classes.

• A degree in mathematics, quantitative finance, computer science, economics, statistics, engineering, or another quantitative discipline.
• Proven coding experience applying quantitative methods to large datasets (Python or R, SQL).
• Passion for applying quantitative techniques to financial markets.
• Strong critical thinking and problem‑solving skills with attention to detail.
• Chartered Financial Analyst (CFA), FRM, or PRMIA designation is a plus.

For San Francisco, CA, the salary range for this position is USD  – USD . Employees are eligible for an annual discretionary bonus and benefits including healthcare, leave, and retirement plans. Compensation may vary based on role, location, and performance.

Black Rock offers a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO) to help employees stay energized, engaged, and inspired.

Employees are 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 additional onsite presence. The hybrid model supports collaboration while providing flexibility for learning and onboarding.

Black Rock is a proud equal‑opportunity workplace. We evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected by applicable law. We are committed to full inclusion of all qualified individuals and to providing reasonable accommodations for individuals with disabilities.

If reasonable accommodation or adjustments are needed throughout the employment process, please email Disabi

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to protected statuses. Black Rock will consider qualified applicants with arrest or conviction records in a manner consistent with the law, including any applicable fair‑chance law.