VP, Advisory

Employer
BlackRock
Location
London, United Kingdom
Salary
Competitive
Posted
Jul 26, 2021
Closes
Jul 27, 2021
Ref
11587689
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

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 a Vice President (VP) to join BlackRock's Investments & Trading (I&T) Line of Business Compliance team. The successful candidate will support I&T 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 lead in providing compliance coverage of matters including, but not limited to MiFIR trade and transaction reporting, SFTR and EMIR. Experience with EU short selling regulation and Central Securities Depositary Regulations (CSDR would be of advantage. This senior position will directly report into the EMEA Head of TLL Compliance and complement an existing team of expert compliance professionals supporting our other EMEA Investment and Trading businesses.

The Investment and Trading Compliance Team are trusted advisers and are pro-active in understanding the businesses, their strategic goals and initiatives. 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 new 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, CSDR and EU Short selling 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;


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


  • Engaging BlackRock boards and regulators in relation to regulatory reporting matters.


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 also autonomously 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

  • 5+ years financial services experience with a focus on regulation;
  • Educated to degree level, possibly with a professional qualification e.g., ACA, CFA, IMC;
  • Strong working knowledge of FCA, MiFID, CBI and CSSF Rules and other EMEA regulatory requirements;
  • Self-starter. Ability to drive forward work plans under minimal 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 lead 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.

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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

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