The OSp(2\2)-invariant planar dynamics of a D = 4 superparticle near the ho
rizon of a large mass extreme black hole is described by an N = 2 superconf
ormal mechanics, with the SO(2) charge being the superparticle's angular mo
mentum. The non-manifest superconformal invariance of the superpotential te
rm is shown to lead to a shift in the SO(2) charge by the value of its coef
ficient, which we identify as the orbital angular momentum. The full SU(1,1
\2) invariant dynamics is found from an extension to N = 4 superconformal m
echanics. [S0556-2821(99)01608-2].