Vice President, Prudential Policy Specialist

Edinburgh, United Kingdom
19 Mar 2023
08 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Business Unit Overview:

BlackRock EMEA Finance consists of Finance professionals in disciplines such as Tax, FP&A, Treasury, Accounting Operations and Corporate Accounting. Within the Controllers' Group, the Financial & Prudential Reporting ("FPR") team plays a key role in reporting the financial results for all legal entities within the EMEA region. FPR ensure that BlackRock is compliant with all financial and prudential reporting requirements across 20 countries / territories within EMEA.

The team also partners with the Risk and Quantitative Analysis team ("RQA") on the project management of the internal capital and risk assessment (ICARAs) which are submitted annually to the certain regulators in EMEA. The team are also responsible for the co-ordination and submission of prudential public disclosure documents.


As a Prudential Specialist the individual will play a key role in the production of regulatory deliverables like the ICARAs, public disclosure documents and other ad hoc projects which will have an impact on regulatory reporting and capital/liquidity requirements for the MiFID investment firms in the UK and Europe. This will involve working with a variety of stakeholders across the firm. Currently a key area of focus is embedding the Investment Firms Prudential Regime ('IFPR') in the UK and the Investment Firms Regime ('IFR') in Europe and the ICARAs which are very important regulatory deliverables in EMEA. The individual will also be responsible for production of regulatory deliverables and ensuring compliance with the regulatory requirements for BlackRock's various AIFM and UCITS management companies across UK and Europe.

The individual will be the subject matter expert on various prudential regulations across EMEA which will involve horizon scanning of proposed new rules, drafting policies as they will apply to BlackRock and providing linkage to the other Finance areas to ensure a successful implementation of those policies.

Key Responsibilities:
  • Be a subject matter expert in relation to the capital and liquidity requirements, and prudential reporting requirements to support BlackRock's regulated businesses across EMEA ensure compliance with prudential regulatory requirements including key regulatory submissions like regulatory returns, ICARA documents and the public disclosure documents. This will include knowledge of the recently implemented IFPR and IFR rules.
  • Provide assistance with the project management and delivery of the ICARAs and other ad hoc projects.
  • Coordinate / manage regulatory visits including the provision of pre and post visit information requests.
  • Contribute to the stakeholder management of key relationships with the BGL Board and the Boards of subsidiary companies within BGL Group, the Non-Executive Directors (NEDs), RQA, Treasury and Financial Planning & Analysis ("FP&A").
  • Ensure that key stakeholders (e.g. RQA, Treasury, and FP&A) are kept abreast of changes / forthcoming changes to legislation and regulators expectations.
  • Support the response to ad hoc regulatory queries.
  • Engage with third party advisers and BlackRock's Regulatory Engagement Team with a view to better understanding regulators' expectations.
  • Contribute to the building of relationships across the industry (e.g. FCA, PRA, EBA, the Investment Association (IA), other firms, third party advisers) with a view to ensuring that BlackRock is actively involved / leads lobbying on prudential regulatory matters.
  • Actively search for improvements within the role.

Development Value:

This is a key role within the Finance function and an excellent opportunity for an individual to gain a thorough understanding of how EMEA as a whole operates. In the process the individual will have the opportunity to gain a detailed insight into EMEA's financial results, how it considers risk, liquidity and overall governance. The role will provide exposure to a number of stakeholder groups including senior boards and committees in the region, RQA, Treasury, FP&A and Compliance.

  • Ideally educated to degree level or equivalent.
  • Professional qualification preferred (for example, accounting or legal qualification) or a background in compliance.
  • Excellent written and verbal skills.
  • Strong stakeholder management skills.
  • Possess a high degree of integrity and professionalism.
  • Experience of working in a prudential policy team or as a consultant in this area.
  • Strong presentation skills - able to present competently to senior stakeholders.
  • Ability to manage multiple priorities successfully.
  • Ability to work collaboratively across a variety of teams and stakeholders.

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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. 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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

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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