Associate, Regulatory Transaction Reporting

Description

About this role

Business Unit Overview:

BlackRock's Compliance Department protects BlackRock's reputation and provides client focussed advice. It understands, challenges and advises on the impact of regulation in our business, with the objective of:

• Actively participating in business decisions in order to champion our clients' interests.
• Collaborating with the business to position Compliance centrally into their daily work.
• Ensuring that client interests are at the centre of everything we do.
• Cultivating and enhancing the compliance culture within BlackRock.
• Providing thought leadership, analysis and advice on the impact of the regulatory framework on the business and its clients.
• Developing and fostering excellence within the Compliance team.

Role Description:

An exciting opportunity has become available for an Associate to join BlackRock's Regulatory Engagement and Development (RED) Compliance team. The successful candidate will support RED in EMEA to meet its regulatory implementation and reporting obligations. This is an exciting opportunity to join a specialist team of experienced compliance advisors. The successful candidate will assist in providing compliance coverage of matters including, but not limited to MiFIR trade and transaction reporting, SFTR and EMIR.

This role is necessarily broad, and we provide professional compliance advice, support, challenge and oversight including on business development, regulatory implementation, policy design and regulatory reporting and training.

The growing and increasingly complex regulatory requirements that BlackRock must meet necessitate strong focus on the implementation of both significant new regulations and amendments to existing regulations that have a material impact on the firm's regulatory obligations. This role will require the successful candidate to advise on and oversee the implementation of such regulatory change projects. This will involve providing interpretation and advice on implementation as well as verification that businesses have followed this advice.

The candidate should be able to demonstrate relevant regulatory knowledge and experience within financial services having gained at least five years relevant Compliance or Regulatory Operations experience with a major global asset manager or investment bank. The candidate must have a successful record in collaborating with legal, operations and investment professionals and exhibit strong partnership, technical regulatory and relationship management skills. The strength of character to offer healthy challenge will be essential, as will be the ability to engage successfully with stakeholders at all levels of the business. A highly motivated self-starter, the successful candidate will demonstrate sound judgment, excellent technical and regulatory knowledge, a strong team ethic, combined with high energy, enthusiasm, resilience, tenacity, diplomacy and relationship management and management skills. All candidates will need to demonstrate success in maintaining strong working relations on a local and possibly global stage.

Key responsibilities/elements of the role will include:

• Act as Compliance advisor on key regulatory implementation projects such as MiFIR (T+1 & PTT), SFTR. EMIR. Understanding and experience of European regulations, such as MiFID would be an advantage;
• Working with Legal and Compliance colleagues to translate regulatory requirements into documented interpretive guidance;

• Working with Legal and Compliance colleagues to maintain and update a library of such interpretations, including those is response to changes to rules, regulatory expectations and business processes;

• In partnership with business colleagues, identifying the scope and impact of regulatory changes on business processes;

• Advising impacted business areas on changing regulatory requirements and on the design of required controls enhancements;

• Ex-ante verification of the outputs, controls and processes (as applicable) designed by business partners to meet regulatory requirements;

• Working with Legal and Compliance colleagues in implementing ex-post testing and verification of the outputs from business process to ensure these are consistent with regulatory requirements and expectations. This may include:

• Ex-post review of procedures adopted by business areas

• Data driven testing / surveillance of compliance with the relevant regulation

• Periodic risk-based sample testing of outputs;

• Participate in global and/or regional Compliance initiatives to ensure global consistency, implement new requirements and ensure best practices, and

• Supporting the head of the team and global counterparts in providing qualitative compliance advice to all business units impacted by regulatory reporting and ensure relevant issues are escalated appropriately.

• Liaising with BlackRock's internal teams, such as Regulatory Operations, Aladdin Product Group to provide advice and support to business operations functions on regulatory reporting matters;

• Working with global counterparts in the US and APAC to ensure a level of consistency globally, leveraging best practice wherever possible;

• Assist with preparation and delivery of management information, reports and presentations to department and business unit management, management company boards and regulatory bodies as required; and

Knowledge/experience:

• The ideal candidate will have compliance experience within a Compliance advisory and/or operations environment and/or within a 'buy-side' asset manager, excellent communication skills and a strong personality, combining energy, enthusiasm, resilience, tenacity, diplomacy and above all, sound judgement under pressure;
• Ability to articulate complex issues in a clear and concise manner. Strong presentation skills and effective in writing;
• High standard of accuracy and excellent attention to detail;
• Excellent organisational skills - ability to prioritise own workload and adhere to tight deadlines;
• Ability to collaborate across teams/functions and with minimal supervision;
• Excellent knowledge of either equity, fixed income and/or derivative asset classes; and
• Strong knowledge of MiFIR Trade and Transaction Reporting, Short Selling, EMIR, SFTR and preferably CSDR. Knowledge and experience of CSSF regulation also an advantage.

Qualifications

• 3+ years financial services experience with a focus on regulation;
• Educated to degree level, possibly with a professional qualification e.g., ACA, CFA, IMC;
• Working knowledge of FCA, MiFID, CBI and CSSF Rules and other EMEA regulatory requirements;
• Ability to drive forward work plans under supervision;
• Collaborative team player;
• Strong written/oral communication including ability to escalate where necessary;
• Ability to prioritise workloads and adhere to deadlines in a fast-paced and changing working environment;
• Strong analytical, problem solving and communication skills;
• Successful record in navigating a complex matrix of accountability and stakeholders;
• High standard of accuracy and excellent attention to detail. High levels of intellectual rigour and curiosity also an advantage;
• Excellent time management and organisational skills. Ability to support projects with minimal supervision and the ability to work autonomously;
• Analytical skills across large data sets, Excel VBA, SQL, Tableau, Robotic Process Automation (Blue Prism a plus); and
• Student of technology that stays abreast of new and emerging tools that have the potential to positively transform Compliance processes.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/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.