Associate, Operational Risk Management

Description

About this role

Business Overview

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock's fiduciary and enterprise risks. RQA's principal objectives are to advance the firm's risk management practices and to deliver independent risk expertise and constructive challenge to drive better business and investment outcomes.

RQA is committed to investing in our people to increase individual enablement and ultimately build a stronger team. Our goal is to create a culture of inclusion which encourages collaboration, innovation, diversity and the development our future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strength connect with our purpose.

Operational and Reputational Risk Management

The Operational Risk team within Enterprise Risk is responsible for all aspects of operational risk, including error investigation and resolution, new product and business change risk assessments, risk reporting / analysis, leading risk reducing projects and the maintenance of the operational risk framework, including facilitation of risk and control self-assessments.

This role offers a great opportunity to work closely with the fast-growing BlackRock Alternatives businesses to perform independent due diligence and reputational analysis of private investments made in a variety of structures, jurisdictions and industries (e.g., private equity, infrastructure, real estate, direct lending, etc). Diligence results have visibility at the most senior levels of the organization, including with BlackRock's Chief Risk Officer, Chief Legal Officer and Chief Investment Officers (CIOs).

Key Responsibilities:

The candidate will perform all operational risk responsibilities for the Alternatives business with a focus on managing the Private Asset Risk Screening (PARS) process.

• Build rapport and partner with colleagues in functions across the firm including Portfolio Management, Financial Crime, Litigation, Investment Risk, Fund Accounting, Valuations and Business Operations.
• Work with deal teams to scope and source third party due diligence reports
• Leverage vendor applications to mine headlines and develop watchlists to monitor changes at portfolio companies
• Assist in the build out of the reputational risk program by partnering with Corporate Communication, External Affairs and Marketing
• Prepare weekly deal pipeline materials and drive discussions on high-risk deals
• Assist the Reputational Risk Committee coordinator as necessary
• Triage operating events impacting covered businesses, facilitate annual RCSAs and influence change through process improvements
• Conduct regular engagement meetings with BlackRock Alternatives business leadership
• Perform independent analysis of operating metrics to identify themes

Knowledge/Experience:

• 3+ years of experience in financial services, preferably within Risk Management, Investments, Legal or Middle Office
• Ability to quickly digest complex issues and independently research facts to inform decisions with consequence
• Excellent analytical capabilities; curiosity, critical thinking, accuracy and problem-solving within a deadline-oriented environment
• Superior organizational skills and ability to work concurrently on multiple deliverables
• Strong communication skills and an ability to present complex information succinctly to senior decision makers
• Good negotiation skills and ability to collaborate with multiple teams so that functional / organizational objectives are achieved
• BS/BA required, preferably in Finance, Operations Research, Economics or similar technical field

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.