Summer Internship Programme - Corporate & Strategic Functions - Risk - 2025

The Summer Internship Programme is for candidates in their penultimate year of a bachelor’s or master’s degree, graduating in 2026.

This program is designed to provide students with a challenging, meaningful and supportive internship experience that replicates, as closely as possible, the experience of being a full-time BlackRock Analyst. The program begins with an orientation that offers a thorough overview of the firm and the opportunity to hear from a number of senior leaders.

Following orientation, interns receive on-the-job training and are given day-to-day responsibilities to contribute to their teams throughout the summer. Programming also features a speaker series, mentoring and various networking opportunities, including activities with our employee networks.

If you enjoy this program, you should explore our Full-Time Analyst Program, which you can consider applying to after your internship.

Important:

Candidates can apply for only one programme (e.g., Summer Internship Programme or Off-Cycle Internship Programme) and up to two functions within that programme (e.g., Investment Research and Analytics & Modeling). You must apply for both opportunities using the same programme application. If you withdraw your application, you cannot submit another application for this programme this year.

Risk

The Risk function provides independent oversight of BlackRock’s investment and enterprise risks by crafting and delivering risk management, tailored advice and analytics. We promote BlackRock as a leader in risk management by advancing the firm’s risk management practices and delivering top-down and bottom-up oversight as well as independent risk expertise to drive better business and investment outcomes.

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. We also work with other businesses across the organisation to help portfolio managers build risk-aware portfolios and develop analytics used for risk and portfolio management using the capabilities of Aladdin.

Teams you may be considered for:

It is possible that you will be evaluated for opportunities with teams other than those listed below.

Investment Risk

• Partners with investment businesses to deliver independent risk oversight and constructive challenge on managing risk and return for portfolios
• Develops expertise in global portfolio management teams’ investment processes to provide quantitative advice and risk oversight
• Comprised of global colleagues with subject matter expertise in investing, macroeconomics and strategy

This function is known for:

• Being a team of outstanding risk managers and quants partnering with portfolio management teams to oversee our clients’ portfolios to ensure they are consistent with specified risk and performance objectives
• Providing real-world solutions that help preserve the financial wellbeing of all our clients.
• Holding unbiased insights into financial markets and portfolios
• Providing critical independent thought leadership and risk oversight for senior management of the firm and the Board of Directors

What will you do as an Analyst?

• Provide independent and consultative risk management services on a range of key projects including risk identification and evaluation of corresponding controls
• Communicate complex ideas to key partners clearly to influence outcomes
• Apply statistical techniques to real financial data and live portfolios to aid portfolio managers’ decision-making
• Learn to critique risk models using experience and judgment to interpret the output and suggest improvements
• Partner with Core Risk Management in regular risk oversight and reports
• Leverage technology, including Python, in research and analysis of investment risk

What capabilities are we looking for?

• A passion for applying quantitative techniques to real-world problems
• Strong and effective communication and presentation skills
• Intermediate coding & programming skills, e.g., R and/or Python
• Critical thinking
• Problem-solving skills
• Being a passionate student of the financial markets

Your learning & development will include:

• Developing an understanding of the fundamental principles of risk management, including risk estimation methodologies, stress testing and attribution
• Expanding your understanding of financial markets and their impact on portfolio outcomes

Benefits

• Emotional well-being
• Financial well-being
• Healthcare benefits
• Life management
• Pay for performance
• Physical well-being

Please click here to see all of our rewards and benefits. 

Next steps:

Once you submit your application, you will receive an email to complete a pre-interview assessment. You have up to five days to submit your pre-interview assessment; if you fail to do so, your application will automatically be withdrawn.

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.

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